Digital learning company McGraw-Hill Education, US, has agreed to acquire Engrade, the developer of an open digital platform for K-12 education that unifies the data, curriculum and tools that educators use every day to drive student achievement and inform district educational strategy. The move enables McGraw-Hill Education to meet U.S. K-12 schools' growing demand for platforms that bring together the delivery of digital instructional content and assessments and the analysis of student information and performance data. Terms of the deal, which is expected to close imminently, were not disclosed.
The acquisition is one of several that McGraw-Hill Education has made since it was acquired by funds affiliated with Apollo Global Management, LLC (NYSE: APO) in March 2013. In June 2013, the company acquired the ALEKS Corporation, a developer of adaptive learning technology for K-12 and higher education.
As part of McGraw-Hill Education's commitment to open standards, the company plans to grow Engrade's platform under its current business model while also deeply integrating Engrade with McGraw-Hill Education's own digital platforms.
McGraw-Hill Education will maintain Engrade's current offices in Santa Monica, Calif.
