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August 16, 2011 04:27 pm GMT
After Blackboard was acquired by Providence Equity Partners for $1.6 billion in cash, fellow educational software company Renaissance Learning (Nasdaq: RLRN) has been bought by private equity firm Permira Funds for $14.85 per share in cash, or approximately $440 million.Renaissance Learning creates school improvement and student assessment technology programs for K through 12 schools. The company's software, which is being used by 70,000 schools, helps assess monitor progress in a variety of subjects, including math, reading and more. The software help provides tools to personalize the learning experience and manage the daily activities for students of all levels.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/NTZOyUKU_Vo/
Education Software Company Renaissance Learning Acquired By PE Firm For $440 Million
After Blackboard was acquired by Providence Equity Partners for $1.6 billion in cash, fellow educational software company Renaissance Learning (Nasdaq: RLRN) has been bought by private equity firm Permira Funds for $14.85 per share in cash, or approximately $440 million.Renaissance Learning creates school improvement and student assessment technology programs for K through 12 schools. The company's software, which is being used by 70,000 schools, helps assess monitor progress in a variety of subjects, including math, reading and more. The software help provides tools to personalize the learning experience and manage the daily activities for students of all levels. Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/NTZOyUKU_Vo/
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