Carnegie Learning, which is backed by CIP Capital, has agreed to sell Iowa-based Paradigm Education Solutions, a post-secondary provider of print and digital learning solutions. The buyer is Kendall Hunt Publishing Company. No financial terms were disclosed.
Correction: The previous headline of this news report misstated that Carnegie Learning had agreed to sell Paradigm Education Solutions; that was incorrect and has since been rectified.
PITTSBURGH–(BUSINESS WIRE)–Carnegie Learning, a dynamic, progressive learning technology company, announced today that it has reached an agreement to sell Paradigm Education Solutions, a post-secondary provider of print and digital learning solutions, to Kendall Hunt Publishing Company, a provider of educational products and services focused on the higher education market.
In 2018, Carnegie Learning merged with New Mountain Learning, which included EMC School, a provider of blended learning resources and services for 6-12 world languages and English language arts, and Paradigm Education Solutions. Today’s divestiture announcement is consistent with Carnegie Learning’s goal of becoming an organization focused solely on supporting our nation’s primary and secondary teachers and educating K-12 students across the country.
“We continue to refine our focus on the K-12 market so we can best serve the needs of teachers and students everywhere,” says Barry Malkin, CEO. “Kendall Hunt Publishing is the perfect new home for Paradigm Education Solutions to continue making an impact in higher education.”
Carnegie Learning continues to focus on its growth objective by creating products and services that support teachers in managing their classrooms effectively and increase learning outcomes for students at all skill levels. The company, born from powerful research and technology from Carnegie Mellon University, is committed to being the leader in using cognitive science research, artificial intelligence, and proven pedagogical approaches to support teachers in the classroom and personalize learning for every student. Previously a provider of math-only products and services, Carnegie Learning now offers solutions and professional learning for literacy, English language arts, world languages, computer science, and applied learning.
For more information about how Carnegie Learning is redefining the role of technology across the K-12 landscape, visit www.carnegielearning.com.
ABOUT CARNEGIE LEARNING, INC.
Carnegie Learning is a comprehensive, dynamic and progressive learning technology company. Advocating a belief in teaching and determination to help students develop as learners and thinkers, Carnegie Learning is seeking to re-define the role of technology across the K-12 landscape. It delivers research-proven mathematics curriculum and the MATHia® platform for grades 6-12, project-based digital solutions for computer science, and best-in-class K-12 professional learning services. EMC School, part of Carnegie Learning, delivers blended learning resources and services for 6-12 world languages and English language arts. Mondo Education, also part of Carnegie Learning, provides high-quality literacy resources and services for K-5 classrooms. For more information please visit: www.carnegielearning.com.
ABOUT CIP CAPITAL
CIP Capital is a New York-based private equity firm focused on investing in growth-oriented, middle-market companies across the Business Information and Technology-Enabled Services sectors in North America. The fund seeks to invest in proven, profitable businesses that provide their customer bases with critical information, data-driven insights, and value-added outsourced services. CIP Capital targets investments in sectors including business services, marketing services, and knowledge services. For more information please visit: www.cip-capital.com.