- McGraw-Hill Education has finalized terms to gain a 20% stake in Area9 Aps, the Danish company it works worth on its SmartBooks e-textbook offerings.
- The two companies have collaborated since 2007 on such projects as McGraw-Hill LearnSmart and LearnSmart Advantage.
- “Through our investment in Area9, we’re working to create more deeply integrated teaching and learning experiences that we see as a central element in the future of education,” Brian Kibby, president of McGraw-Hill Higher Education, said in a statement about the deal.
From the article:
McGraw-Hill Education has announced a deal to acquire a 20 percent equity stake in Area9 Aps, the Denmark-based adaptive learning company. The move strengthens McGraw-Hill Education’s position as the leader in personalized learning through adaptive technology. Terms of the investment were not disclosed. ...