Pearson to acquire Schoolnet for $230M

Pearson is acquiring Schoolnet, a fast-growing and innovative education technology company that aligns assessment, curriculum and other services to help individualise instruction and improve teacher effectiveness. Pearson will acquire Schoolnet for $230m in cash.

Schoolnet now serves more than 5 million US pre K-12 students through partnerships with districts and states, supporting about one-third of America’s largest urban cities.

Marjorie Scardino, Pearson’s chief executive, said: Being able to offer a connective digital spine for learning has been Pearson’s goal for years. Schoolnet has shared our passion, and together we can make that spine more flexible and powerful for schools, teachers and students.”

Based in New York City, Schoolnet was founded in 1998 by Jonathan D. Harber and Denis P. Doyle, who developed the Schoolnet instructional management suite to help school systems use data to boost learning.

Jonathan D. Harber, Schoolnet’s chief executive, will stay on, along with his senior leadership team, and continue to serve as CEO of Schoolnet and as a senior executive at Pearson.

Will Ethridge, chief executive of Pearson North America, said: “We are excited to have Jonathan and the talented Schoolnet team join Pearson. We see an excellent fit between the capabilities of our two organizations, and we are looking forward to the opportunity to work together to improve learning and accelerate growth.”

USA, New York, NY

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