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Scholastic To Sell Ed Tech Business to HMH for $575 Million

Scholastic Corporation announced that it has entered into a definitive agreement to sell its Educational Technology and Services business to Houghton Mifflin Harcourt Company for $575 million in cash. EdTech had $249 million in revenues and $40 million in operating income in the 2014 fiscal year ended May 31, 2014. Revenues were $175 million and operating income was $17 million for the first nine months of the current fiscal year ending May 31, 2015. Read More »

Measured Progress Collaborates with Partners To Optimize Online Assessment Delivery Platform

Measured Progress has contracts with Montana, Nevada, and North Dakota to implement the online assessment delivery platform provided by Smarter Balanced and developed by a Smarter Balanced vendor. Following is a statement from Martin Borg, president and CEO of Measured Progress, regarding the performance of the online delivery platform in these three states: Read More »

StriveTogether Launches Investment Fund

StriveTogether announced today the launch of the Cradle to Career Accelerator Fund, a multi-year $15 million investment designed to help communities reach their education improvement goals faster, while building a sustainable civic infrastructure for the future. The Cradle to Career Accelerator Fund will also support the development of new tools, resources and training to drive sustainable education improvement across the country. Read More »

SchoolBondFinder Launches Online Education Bond Tracking Solution

SchoolBondFinder, a service of the Amos Group, has launched www.SchoolBondFinder.com, the first comprehensive, interactive database that tracks school district's capital improvement projects across the United States. It has been developed specifically to enable education partners the opportunity to offer the right solutions at the right time to districts Read More »

Think Through Learning Achieves B Corp Certification

Think Through Learning, creators of the award-winning Think Through Math program, is proud to announce its certification as a B Corporation. This prestigious designation, based on the third-party assessment by the non-profit organization B Lab, is awarded to companies that meet rigorous standards of social and environmental performance, accountability, and transparency. Read More »

EBSCO Information Services Acquires LearningExpress

EBSCO Information Services is adding more resources for students and adult learners with the acquisition of the education technology company LearningExpress. LearningExpress is an acclaimed provider of online platforms for academic skill-building, standardized test preparation and career-oriented digital content. Read More »

Learning Bird Moves to New Headquarters

Learning Bird has moved its corporate headquarters to larger offices in Montreal to accommodate its increasing employee and business growth. According to Henry Ryan, CEO of Learning Bird, this week's move represents a considerable increase in size to 5,000 square feet, and will allow the company to serve as a hub for training teachers and to host professional learning for the educational communities it serves. Read More »

SIIA Announces 2015 Innovation Incubator Program Finalists

The Education Technology Industry Network (ETIN) of the Software & Information Industry Association (SIIA) announces finalists and an alternate, for its Innovation Incubator Program. The program will be held during the annual Education Industry Summit. The finalists will feature their products during the event, May 3-5 at the Palace Hotel in San Francisco. Read More »

Chessiecap Securities Advises ClassLink, Inc. in the Sale of Its ClassMate SIS

ClassMate is a specialized student information system designed specifically to meet the student data needs of non-traditional students. As part of Harris, ClassMate will anchor Harris' new Specialized Student Solutions group, providing enhanced software solutions to these segments of the market. Read More »

Educents Raises $2.9 Million in Seed Round

Educents, the premier online marketplace for educational products for Pre-K-12th grade educators, announced today that it raised $2.9 million in seed funding to expand its marketplace offerings. Educents is the first and only marketplace that allows educators to research, review and buy products and resources for their classroom, all in one place, at affordable prices. Read More »