Silver Lake has made an undisclosed investment in Weld North Education. WNE is a digital education company.
Correction: An earlier version of this news report misstated that Silver Lake invested in Imagine Learning, a unit of Weld North Education. That is incorrect. Silver Lake invested in WNE and not Imagine Learning.
PROVO, UTAH (PRWEB) MAY 03, 2018
Imagine Learning, a leading provider of supplemental math, language, and literacy programs for preK-8 students nationwide, is expanding the scope of its digital instruction after the recent partnership between private equity firm Silver Lake and digital education leader Weld North Education (WNE). Silver Lake, a global leader in technology investing, acquired a majority stake in WNE in January 2018.
“Silver Lake’s investment increases our ability to reach more students and teachers, and enhances the efficacy and breadth of the solutions we are able to deliver,” said Joe Swenson, CEO of Imagine Learning.
“Digital technology has the potential to dramatically enhance the quality, depth and impact of our educational system by meeting the differentiated learning needs of individual students,” said Jonathan Durham, Director at Silver Lake. “We are excited to partner with the talented team at Imagine Learning to drive innovation and growth in the next chapter of their leadership in the Ed Tech sector.”
Imagine Learning is a division of Weld North, the nation’s largest and fastest growing preK-12 education company. The key to Imagine Learning’s success is game-based engagement woven into evidence-based pedagogy that creates a learning experience that is fun for students and highly effective at improving student outcomes. The program’s focus on core learning areas, with activities and lessons built specifically to address national and state standards. Imagine Learning’s customer-focused implementation process makes it simple for teachers to integrate the best technology with established learning principles, thereby maximizing the classroom experience for everyone.
Other companies acquired by Silver Lake through the Weld North transaction include Edgenuity, an online K-12 learning solution, and Generation Ready which provides professional development services for educational professionals. Weld North, which was launched in 2010, acquired Imagine Learning in 2014.
About Imagine Learning: Imagine Learning delivers award-winning language, literacy, and mathematics solutions for K–12 students, revolutionizing the way kids learn. Students and teachers love Imagine Language & Literacy, Imagine Español, Imagine Math Facts, and Imagine Math because they are research- and evidence-based, data driven, instructionally differentiated, and incredibly fun to use. After more than a decade of growth and continuous improved student outcomes, Imagine Learning has established itself as a leader in the digital education arena. The Imagine Learning family is dedicated to changing lives and opening doors of opportunity for kids. Imagine Learning’s headquarters are in Provo, Utah. To learn more about how Imagine Learning can help your students make powerful progress, contact us at (801) 377-5071, info(at)imaginelearning(dot)com, or imaginelearning.com.
About Silver Lake: Silver Lake is the global leader in technology investing, with about $39 billion in combined assets under management and committed capital and a team of approximately 100 investment and value creation professionals located in Silicon Valley, New York, London, Hong Kong and Tokyo. Silver Lake’s portfolio of investments collectively generates more than $140 billion of revenue annually and employs more than 300,000 people globally. The firm’s current portfolio includes leading technology and technology enabled businesses such as Alibaba Group, Ancestry, Broadcom Inc., Cast & Crew, Ctrip, Dell Technologies, Endeavor, Fanatics, Global Blue, GoDaddy, Motorola Solutions, Red Ventures, Sabre, SoFi, SolarWinds and Symantec. For more information about Silver Lake and its entire portfolio, please visit http://www.silverlake.com.
About Weld North: Weld North operates a platform of digital and SaaS educational solution businesses and makes control investments in high potential businesses in the education industry. By attracting highly motivated and distinctly talented professionals, Weld North looks to accelerate growth through an obsessive focus on enhancing the customer experience, operational excellence, marketing expertise and disciplined financial management.