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Catalyst Investors Leads $25 Million Series C Investment in PresenceLearning;

Growth equity firm Catalyst Investors led the recent $25 million Series C investment in PresenceLearning, Inc., the leading provider of live online speech therapy, occupational therapy, and behavior and mental health services for K-12 students. Existing investors Birchmere Ventures, Blue Heron Capital, Catamount Ventures, and New Markets Venture Partners also participated in the round. Read More »

Knewton Raising Another Round to Fuel Global Growth

Knewton, the global leader in adaptive learning, is raising another round of funding — $42 million closed to date. Sofina, a Belgian investment group, is leading this round, with participation from returning investors Atomico, Accel Partners, Bessemer Venture Partners, FirstMark, and Founders Fund. Read More »

Lingo Jingo Awarded ELL Grant from U.S. DOE

Lingo Jingo has been awarded a grant from the U.S. Department of Education (DOE). The Small Business Innovation Research funding from the Institute of Education Sciences and the DOE allows Lingo Jingo to offer a limited number of schools the opportunity to sign up for highly-supported pilot programs. Read More »

HMH Announces Q3 Results

Houghton Mifflin Harcourt announced its financial results for the third quarter ended September 30, 2015. HMH captured approximately 40% market share in its addressable domestic education market for K-12 instructional materials, including 45% of the new adoption market for the first nine months of the year. Net sales increased 4% to $576 million compared with $551 million in the third quarter of 2014. Read More »

Rosetta Stone Inc. Reports Q3 Results

Rosetta Stone Inc. announced financial results for the third quarter 2015. Net loss for the third quarter 2015 totaled $7.3 million, or $(0.34) per diluted share, versus a loss of $16.2 million, or $(0.76) per diluted share, in the year-ago period. Adjusted EBITDA, a non-GAAP financial metric, improved from $(9.1) million in the third quarter of 2014 to $(1.6) million in the third quarter of 2015. Read More »

GSV Capital Corp. Reports Q3 Results

GSV Capital Corp. announced financial results for the third quarter ended September 30, 2015. Net assets totaled $312.5 million, or $16.17 per share, at September 30, 2015, as compared to $15.72 per share at June 30, 2015 and $15.17 per share at September 30, 2014. On November 4, 2015, GSV Capital's Board of Directors declared a distribution in the amount of $2.76 per share.... Read More »

PowerSchool Acquires InfoSnap

PowerSchool Group LLC has purchased InfoSnap, Inc., the leading provider of cloud-based Online Registration Management and School Choice / Lottery solutions for K-12 public, private and charter schools. The acquisition cements a long-established, successful partnership between two market leaders and will allow InfoSnap and PowerSchool to grow more rapidly as a combined organization. Read More »

Smithsonian Awarded Carnegie Grant

The Smithsonian Center for Learning and Digital Access was awarded a $500,000 grant from Carnegie Corporation of New York to fund a two-year research project. Findings from the study will be used to enhance the Smithsonian Learning Lab, which is launching in public beta this fall, and to advance digital teaching and learning strategies throughout the education field. Read More »

Follett Is Exclusive Distributor for IB Materials

Offering globally competitive shipping rates, state-of-the-art ecommerce platforms and expert customer service, Follett School Solutions is the new, exclusive worldwide distributor for International Baccalaureate (IB) publishing products, formerly available at the IB’s online store. Read More »

STEM Funders Network Announces Goals

The STEM Funders Network and 350 committed local funders and organizations are announcing a five-year effort to create 100 tight-knit local STEM networks—STEM ecosystems—that bring together broad-scale, cross-sector collaborations to nurture and scale effective science, technology, engineering and math (STEM) learning opportunities for all young people, especially girls and underserved populations. Read More »