Mergers and Acquisitions

Chegg Cuts $15 Million Check to Buy AI-Feedback Tool, WriteLab

Reading, writing and AI—that turned out to be the winning combination for startup, WriteLab.Chegg announced today that it bought the Berkeley-based startup for about $15 million in an all-cash transaction. (There’s an additional payment of $5 million to key employees over the next three years, assuming they stay.)

General Assembly to Be Acquired By Swiss HR Firm for $412.5 Million

General Assembly, the New York-based provider of coding bootcamps and short-term career-focused educational programs, has reached an agreement to be acquired by the Adecco Group for $412.5 million.Based in Zurich, Switzerland, the Adecco Group is a conglomerate that houses eight brands that provide staffing, recruitment, freelancing and other talent management and human resource services.

China’s NetDragon to Acquire Edmodo for $137.5 Million

China’s NetDragon has gobbled up another education technology company. This time, it’s Edmodo, one the largest online social communities of teachers and students in the world.NetDragon Websoft, a publicly-traded company based in Fuzhou, China, has agreed to pay $137.5 million for Edmodo. That deal includes a modest cash outlay of approximately $15 million and a significant chunk of equity (about $122 million worth of shares in NetDragon's education subsidiary.)

MyON Turns Another New Page With a New Owner: Renaissance Learning

Just a year after it was purchased by a private equity firm, myON is swapping hands again.The latest owner of the digital K-12 literacy platform is Renaissance Learning, a provider of math, literacy and assessment products. Financial terms of the acquisition were not disclosed.

Discovery Education to Find a New Owner in SF Private Equity Firm

Discovery Education, a large provider of print and digital textbooks and curriculum, is taking a big step away from its parent company Discovery Communications, best known for its broadcast TV channels. San Francisco-based private equity firm Francisco Partners has agreed to acquire a majority stake in the education business in a deal worth $120 million.

After Layoffs and Acquisition, LightSail Education Charts a New, Uncertain Course

As LightSail Education charts a new course, the New York City-based developer of K-12 literacy software has had to make some difficult, unpleasant decisions over the holidays, EdSurge has learned.

Game-based Math Program, Sokikom Acquired by China’s NetDragon Websoft

ENTER THE DRAGON: Sokikom, an online game-based math program, has been acquired by Jumpstart World. The deal was announced in a post by Sokikom’s founder and CEO, Snehal Patel.

Silver Lake Acquires Majority Stake in Weld North’s Digital Curriculum Business

For more than two decades, Jonathan Grayer has made a career out of welding educational companies. The former Kaplan executive, who served as its CEO from 1994 to 2008, oversaw 67 acquisitions that turned the test-prep business into a global education services provider. In 2010, he pooled his own money with KKR, a private equity firm, to launch Weld North, which has since acquired another 16 edtech companies (and invested in 4 others).

Illuminate Education Acquires Homegrown Data Visualization Tool, eduCLIMBER

What began as a husband-and-wife skunkworks project in rural Wisconsin four years ago has now become absorbed into an education data company that boasts millions of users across 44 states.In 2013, systems engineer Matt Harris wrote a program to help his wife, a school psychologist, collect and analyze data to help her students. From there the tool spread via word of mouth, and within six months the pet project became a company, eduCLIMBER, where Matt was CEO.

Learning Games Startup, Motion Math Moves to a New Home: Curriculum Associates

In its 48-year history, Curriculum Associates has acquired only one company. That count will now double, thanks to the addition of a small team that has navigated the twists and turns in the educational gaming market over the past seven years.The North Billerica, Mass.-based developer of instructional and assessment materials has acquired San Francisco startup Motion Math, which offers a suite of nine educational games focused on math and problem-solving.

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