Kaplan, a global provider of test prep services, has acquired the test prep assets and social learning platform of Grockit, Inc., a San Francisco, CA-based developer of social learning applications and technologies.
Founded in 2007 by Farb Nivi, a former Teacher of the Year for The Princeton Review and academic director at Kaplan, Grockit has developed tools for various tests including the SAT, ACT, GMAT, GRE and LSAT through its social learning platform. The company is now rebranding as Learnist and is focused on developing learning products outside of test prep markets.
Grockit had introduced its Learnist product in 2012 to enable people worldwide to use the web and mobile application to teach and learn from rich media assembled by experts.
Commenting on the transaction, Roy Gilbert, CEO of Grockit, said: “We’re confident in Kaplan’s ability to continue innovating on the Grockit platform, and excited to direct our full attention to Learnist, our web and mobile social learning app focused on broader social learning”.
The company has received funding from Atlas Venture, Benchmark Capital, Discovery Communications, Inc., Integral Capital Partners, GSV Capital and NewSchools Ventures (read its recent funding history here).
FinSMEs
31/07/2013