IXL Learning, a San Mateo, CA-based K-12 personalized learning platform used by 10 million students worldwide, is to acquire 3P Learning, a global leader in online education based in North Sydney, Australia.
The amount of the deal was not disclosed.
The acquisition is expected to close in Q4 2020, subject to customary closing conditions including shareholder approval.
With the addition of 3P Learning, IXL aims to broaden its product portfolio and international footprint in the educational technology space.
Founded in 2004 and led by Rebekah O’Flaherty, CEO, 3P Learning offers a suite of learning products for schools and families, covering math, literacy and science. Its principal offering is Mathletics, a program used by nearly 3 million students and 200,000 teachers around the world to reinforce learners’ math skills through fun practice activities, problem-solving and reasoning questions, and attention-grabbing games. Students across the globe can even compete with each other in Live Mathletics, where they test the speed and accuracy of their math fluency in real time.
3P Learning provides other products across math and literacy, including Readiwriter Spelling and Reading Eggs, that empower educators and accelerate student achievement across multiple academic disciplines:
- Readiwriter Spelling, a literacy program that features captivating activities that help students develop a deep understanding of spelling and vocabulary;
- Reading Eggs: 2,500 stories, games and activities make reading fun and rewarding for early learners.
- Mathseeds, which covers foundational math concepts through structured lessons, motivational rewards and games.
- WordFlyers, which, with individualized learning pathways and detailed reporting, builds critical literacy skills for students ages 12-16.
Founded in 1998 and led by Paul Mishkin, CEO, IXL Learning provides IXL, a personalized learning platform featuring a comprehensive K-12 curriculum, the IXL Real-Time Diagnostic, personalized guidance and actionable Analytics, IX.
With the expected addition of 3P Learning, IXL marks its fourth acquisition in three years. In March 2020, the company integrated Vocabulary.com, an educational destination for improving literacy through vocabulary building. In 2019, it completed the acquisition of Education.com, an online learning resource serving 23 million teachers and parents. ABCya, the creator of more than 400 educational computer games and apps for kids, joined the IXL family in 2018.
FinSMEs
19/08/2020