Business Headlines RSS Feed

DRC To Acquire Key Assets of McGraw-Hill's CTB Assessment Business

Data Recognition Corporation has agreed to acquire key assets of the CTB assessment business of McGraw-Hill Education. The move will strengthen DRC's position as a leader in the development and administration of K–12 assessments. It also enables McGraw-Hill Education to focus more squarely on its core mission of improving results for students, educators and professionals by enhancing teaching and learning. Read More »

BloomBoard Secures $7.2 Million in Series B Funding

BloomBoard, a Silicon Valley education technology company focused on empowering teacher growth, announced today that it received $7.2 million in Series B funding. The round includes increased capital from three original investors: Birchmere Ventures, the Bill & Melinda Gates Foundation, and Learn Capital, as well as new contributing organizations, including the Michael & Susan Dell Foundation and Gera Ventures. Read More »

Librify Inc. Has Been Sold to Scribd

DeSilva+Phillips client, Librify Inc., a social reading and retail platform, has been acquired by Scribd, the premier subscription reading service, featuring ebooks, audiobooks and comic books. Librify allows readers to access bestsellers, new releases and book club favorites, all while sharing their reading experience with friends. Read More »

Ideaphora Selected to Participate in GSVlabs EdTech Innovation Lab

Ideaphora has earned a place among other rising startups in the prestigious and in-demand Innovation Labs program from GSVlabs. The edtech startup, which has garnered early success partnering with companies such as BrainPOP®, will receive mentorship and the support of a community of innovative companies, business leaders and investors. Read More »

PVC Advises CECO on Sale of Brooks Institute

Career Education Corporation today announced that it has closed on an agreement transferring control of Brooks Institute, one of its Career College institutions, to gphomestay, a global leader in providing international education opportunities for students. Terms of the agreement were not disclosed. Read More »

Pearson To Sell PowerSchool to Vista Equity Partners

Pearson plc announced that it has agreed the sale of its PowerSchool business to private equity firm Vista Equity Partners (“Vista”) for a gross consideration of $350 million, payable in cash. Pearson had announced its intention to explore a sale of PowerSchool in February 2015. Read More »

EIA Invites You To Join Innovation Lab Competition

The Education Industry Association (EIA) wants to help you grow your business! We are hosting our 25th annual summer conference, EDVentures, from July 15 -17 in Orlando, Florida at the Wyndham Grand Hotel and Resort. Hundreds of education companies, EdTech startups, and venture capital principals will be in attendance. Read More »

Edmentum Completes Transaction To Recapitalize Balance Sheet

Edmentum announced that it has completed the previously announced transaction with its lenders and equity sponsors to recapitalize its balance sheet. The recapitalization, which was first announced on April 20, 2015, significantly reduces the amount of the company's outstanding indebtedness and provides additional capital to better position it for long-term growth. Read More »

SETDA Announces Partnership with New Cohort of Nine Startups

The State Educational Technology Directors Association (SETDA), the principal membership association representing U.S. state and territorial educational technology leaders, announced today its third annual cohort of Emerging Private Sector Partners. These nine SETDA Emerging Private Sector Partners will debut at the upcoming Emerging Technologies Forum on June 26 in Philadelphia, PA and engage with the SETDA membership over the next twelve months: Read More »

Think Through Math Earns Place on the 2015 Tyton Growth50

Think Through Learning has been recognized as a 2015 Tyton Growth50 company. The Tyton Growth50 celebrates innovative organizations that are achieving a combination strong financial results, market share growth, and brand awareness performance. As one of 50 organizations included on the list, this achievement marks a great milestone in Think Through Math's evolution. Read More »