In this week’s dealmaking news, on-demand software and e-commerce services provider Ebix purchased a stake in Smartclass Educational Services. Also, NewSchools Venture Fund will invest $5 million in 23 teams of educators who are planning to launch new schools.
PowerSchool said it will acquire talent management solutions company PeopleAdmin. A joint investment from two private equity firms will fund the purchase.
In this week’s dealmaking news, ed-tech companies unveiled new partnerships. Houghton Mifflin Harcourt and Renaissance integrated their products as part of a new strategic partnership. Also, Chinese internet company Tencent partnered with Age of Learning, the creator of children’s learning platform ABCmouse.com.
In this week’s dealmaking news, New Mountain Learning, a provider of digital and blended learning solutions, raised funds from CIP Capital. Also, Really Good Stuff purchased Steve Spangler Science.
In this week’s dealmaking news, Oslo-based startup Kahoot! closed a $17 million funding round. Also, GameMine, a mobile game publisher, is partnering with a Prague-based childhood learning app company.
Arne Duncan has joined the board of Turnitin, a company focused on plagiarism detection technology and writing tools for the K-12 and higher education market.
Chinese education companies continued to attract investors this week with a Beijing-based K-12 education platform raising $200 million in a Series E round.
Beijing-based educational services company Tarena International acquired a K-12 robotics education company. Also, ClassWallet, a fund management tool for schools, raised $735,000
Springboard Education has acquired Kids’ Adventures, a provider of before- and after-school programs. Also, Asteria Education has acquired ECS Learning Systems and Aperture Education and Kickboard are partnering to assist schools as they collect, monitor and analyze data on student behavior.
Under the terms of the agreement, Discovery Communications will retain a minority equity interest and license the Discovery Education brand to the business.
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