DealTracker - Educomp Acquires 51% In Learning.com
Continuing with its acquisition spree, Educomp Solutions Ltd, has acquired a 51 per cent stake in Learning.com, a US-based provider of web-delivered curriculum and assessment, for $24.5 million says VCCircle. The deal includes the purchase of existing shares as well as an infusion of new capital into the company.
Founded in 1999, Learning.com serves nearly 2 million students in the US, with solutions like EasyTech, a K-8 technology literacy curriculum that helps students develop and apply technology
skills in math, language arts, social studies, and science, and other products like TechLiteracy Assessment (a tech proficiency assessment tool) and Aha!Math (an interactive K-5 supplemental math curriculum).
The acquisition will provide Educomp distribution access to over 800 districts and two million students in the US.
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