Learning A-Z Acquires Headsprout Instructional Software Unit From Skyview
TUCSON, Ariz., Dec. 23, 2013
TUCSON, Ariz., Dec. 23, 2013 /PRNewswire/ -- Skyview Capital LLC today
announced that it has completed the sale of Headsprout^®, developers of the
MimioReading™ classroom suite, to Learning A-Z, a Cambium Learning^® Group,
Inc. (Nasdaq: ABCD) company.Skyview Capital acquired the online curriculum
programs as part of its acquisition of Mimio, a global leader in interactive
teaching technologies, in July 2013.
Founded in 1999 and based in Seattle, WA, Mimio acquired Headsprout in 2011,
which has patented and award-winning adaptive software titles, including
MimioReading™ and MimioSprout™ Early Reading. The MimioReading software
suite's advanced design uses both individualized, adaptive reading instruction
and whole-group reading lessons for interactive whiteboards to improve reading
performance.Research-based, the software has earned industry-wide respect for
its effort in improving reading skills for students in grades PreK-8.
Currently used in thousands of classrooms, learning labs, and homes,
Headsprout will become part of Learning A-Z's larger reading offering and
marketed and sold as Headsprout Early Reading and Headsprout Reading
Bob Holl, president and co-founder of Learning A-Z, says of the acquisition,
"Headsprout is an ideal addition to our family of blended learning
solutions.Their track record of efficacy includes a wealth of case studies,
all of which are a testament to their quality.Our award-winning Reading
Solution, which includes Reading A-Z and Raz-Kids, provides online resources
for assessment, instruction, and practice.Now, with the inclusion of proven,
student-facing phonics and comprehension resources from Headsprout, Learning
A-Z is an even more complete reading solution for teachers to differentiate
instruction and support student achievement."
About Skyview Capital LLC
Skyview Capital LLC is a private investment firm headquartered in Los Angeles,
CA, which specializes in the acquisition and management of "mission critical"
enterprises in the areas of technology, telecommunications, business services
and niche manufacturing. By leveraging its operational capabilities and
financial acumen, Skyview systematically enhances the long-term sustainable
value of the businesses it acquires. To date, Skyview has successfully
completed nearly 20 transactions within its target market verticals and was
recently recognized by Los Angeles Business Journal as one of the top 25 Los
Angeles-based private equity firms.
About Learning A-Z
Learning A-Z is a preK-6 educational resource company specializing in online
delivery of leveled readers and supplementary curriculum. Founded in 2002 to
help teachers differentiate instruction and meet the unique needs of all
students, Learning A-Z's resources are currently used in more than half of the
districts in the US/Canada and 165+ countries worldwide. Serving a wide range
of student needs, including ELL/ESL, intervention, special education, and
daily instruction, Learning A-Z includes: Reading A-Z, Raz-Kids, Science A-Z,
Vocabulary A-Z, and Writing A-Z.
About Cambium Learning Group, Inc.
Cambium Learning^® Groupis a leading educational solutions and services
company that is committed to helpingall students reach their full potential
by providing evidence-based solutions and expert professional services to
empower educators and raise the achievement levels of all students. Cambium
Learning Group is composed of four business units: Voyager/Sopris Learning
(www.voyagerlearning.com | www.soprislearning.com); Learning A-Z
(www.learninga-z.com); ExploreLearning^® (www.explorelearning.com); and
Kurzweil Educational Systems^® (www.kurzweiledu.com) andIntelliTools^®
(www.intellitools.com). Together, these business units provide best-in-class
intervention and supplemental instructional materials; gold-standard
professional development and school-improvement services;breakthrough
technology solutions for online learning and professional support; valid and
reliable assessments; and proven materials to support a positive and safe
school environment. For more information, visit www.cambiumlearning.com.
Media Contact: Investor Contact:
John Jorgenson Barbara Benson
Learning A-Z Cambium Learning Group, Inc.
VP, Marketing CFO
SOURCE Cambium Learning Group, Inc.
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