McGraw-Hill Education, a leading digital learning company, today announced that it 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.
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