March 9, 2018: Volume 25, Number 5

Discovery Sells Ed Business to Francisco

Discovery Communications (Silver Spring, MD) is selling majority ownership of Discovery Education to private-equity firm Francisco Partners (San Francisco) for $120 million in cash. ...

Cambium Learning Revenue Grows 3.8% in 2017

Cambium Learning Group (Dallas) generated $38.3 million in revenue in the fourth quarter, up 2.2%, and $158.1 million in the full year 2017, up 3.8%, demonstrating an ongoing drag from ...

LightSail Sold to Agile Group

The adaptive reading platform LightSail Education (New York) in February was acquired by the Agile Group, a technology firm focused on education platforms. Lightsail offers access to ...

Title I Funding, Used for Range of Purposes, Up in FY 2017

Through the No Child Left Behind Act era and into the time of the Every Student Succeeds Act, schools have shared a growing pot of Title I money and have used that funding for a ...

Pearson Talks with Potential Buyers for K-12 Courseware

Pearson (London/New York) in February classified its U.S. K-12 courseware business as “held-for-sale” as the company talks with undisclosed potential buyers about selling the unit. ...

Scientific Learning Names Thomas Co-CEO

Scientific Learning (Oakland, CA) in February named Jeffrey Thomas co-CEO as the company makes a strategic shift with the pending acquisition of BrainMaps Technology (Shanghai, China) ...

Kano Brings Build-Your-Own-Computer Kit to U.S. School Market

Kano (London), producer of computer and coding kits for all ages, in February introduced do-it-yourself computer education packages with lesson plans, design challenges and ...

News Briefs, Mar. 9, 2018

Fuel Education, the institutional business of K12 Inc. (Herndon, VA) in February added 2,000 fiction and non-fiction titles to its Big Universe online literacy platform. Big Universe ...

Financial Briefs, Mar. 9, 2018

Kidaptive (Redwood City, CA), provider of a cloud-based assessment and reporting platform in February closed $19.1 in Series C funding. Kidaptive will use the funding to develop and ...

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