July 28, 2021 (Newswire.com) –
Edmentum (edmentum.com), a world pioneer in training know-how, right now introduced the completion of its acquisition of Apex Studying, a Seattle-based trade chief in 6-12 digital curriculum. With the addition of Apex Studying, Edmentum would be the premier supplier of high-quality Ok-12 digital and blended studying packages, supporting tens of millions of scholars worldwide.
Jamie Candee, Chief Govt Officer of the mixed group stated, “I’m thrilled to formally welcome Apex Studying to the Edmentum household. Apex Studying is thought each for his or her high quality of packages and their educator-focused method to partnership. We’re at an inflection level in training, and this mix strengthens Edmentum’s means to empower lecturers to create profitable scholar outcomes in all places studying happens.”
The mixed group will retain the Edmentum firm title. Apex will proceed to function beneath the Apex Studying model for the upcoming faculty yr, with full assist for purchasers and merchandise.
“Continuity of studying is crucial for our companions,” stated Chris Porter, Apex Studying CEO, “The 2 organizations are well-balanced in our packages, providers, and respective cultures, in addition to within the methods we assist our clients. I’m enthusiastic about the way forward for our mixed entity and the modern methods we’ll assist lecturers and college students.” Porter will proceed with the group as an advisor on Edmentum’s Product Advisory Council.
Each Candee and Porter stated the mixture will drive a dynamic shift within the digital curriculum market. Apex Studying gives a wealthy and complementary suite of center faculty, highschool, and superior placement course choices. For Edmentum, the acquisition follows a strategic funding within the firm by Chicago-based non-public funding agency The Vistria Group. Apex Studying’s prior investor, Schooling Progress Companions has determined to proceed ahead with Edmentum and make investments again into the mixed group as a minority investor.
“Faculty directors are going through an unprecedented want in supporting their mission for scholar development. This acquisition enhances the instruments Edmentum can present to companion with faculties in that mission,” stated Phil Alphonse, Senior Accomplice at The Vistria Group. “This marks a major funding in Edmentum’s future development, and we’re energized to have Apex Studying and their sturdy educational programming a part of that story.”
“Apex Studying has been a beloved model within the EdTech house for over 20 years. We’re pleased with what they’ve achieved to this point and imagine that this acquisition by Edmentum will solely strengthen their means to assist optimistic outcomes for college students and educators,” stated Andy Kaplan, Managing Normal Accomplice at Schooling Progress Companions.
Edmentum, Inc., a world chief in training know-how, is dedicated to serving to educators individualize studying for each scholar by means of easy know-how, high-quality content material, and actionable information. Edmentum is dedicated to being educators’ most trusted companion in creating profitable scholar outcomes in all places studying happens. Constructed on 60 years of expertise in training, Edmentum options like Edmentum Courseware, Precise Path, Research Island, and EdOptions Academy, presently assist educators and college students in additional than 40,000 faculties nationwide and internationally. For extra data, go to edmentum.com.
About Apex Studying
An trade chief in digital studying with deep experience in on-line studying, Apex Studying collaborates with faculty districts throughout the nation to implement options confirmed to speed up studying and create alternatives for scholar success in class and past. The corporate is pushed by the understanding that supporting the wants of all college students – from struggling to superior – strengthens faculties and creates stronger communities, brighter futures, and a extra equitable world. Apex Studying is accredited by Cognia and its programs are accepted for Nationwide Collegiate Athletic Affiliation eligibility. Apex Studying, the place alternative thrives. For extra data, go to http://www.apexlearning.com.
About Schooling Progress Companions
Schooling Progress Companions (“EGP”) is a personal fairness agency devoted to investing in confirmed, excessive potential studying, information, and office firms that provide compelling options to unmet wants. The in depth funding experience of Schooling Progress Companions’ workforce ensures its firms obtain an infusion of extremely strategic capital and perception that may speed up their attain, scale, and impression to create long-term worth. Our extremely skilled workforce consists of buyers with working expertise who’ve a ardour for training and habits change and an understanding of the ability of nice firms to create alternatives for people, organizations, and techniques. For extra data, please go to www.edgrowth.com.
About The Vistria Group
The Vistria Group is a Chicago-based next-generation non-public funding agency that operates on the intersection of function and revenue. We companion with middle-market companies in Healthcare, Schooling, and Monetary Providers which are enthusiastic about development and dedicated to the neighborhood. Our determination to spend money on these areas is pushed by our perception in firms producing scalable social worth. Vistria’s workforce is comprised of extremely skilled working companions and funding professionals with confirmed monitor data of working with administration groups in constructing modern, market-leading firms. For extra data, please go to www.vistria.com.
The Vistria Group:
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