Edmentum is an American online learning provider and owner of

Reading Eggs ABC Reading Eggs (stylised as Reading eggs or simply Reading Eggs internationally) is a subscription-based digital education program for children ages 2 to 13, which studies reading. Similar to Starfall.com and ABCmouse.com, it has, however, be ...

internationally. Founded in 2000 as Archipelago Learning, the company is headquartered in

Dallas, Texas Dallas () is the third largest city in Texas and the largest city in the Dallas–Fort Worth metroplex, the fourth-largest metropolitan area in the United States at 7.5 million people. It is the largest city in and seat of Dallas County wi ...

, and is a publicly held company with the largest shareholder being

Providence Equity Partners Providence Equity Partners L.L.C. is a specialist private equity investment firm focused on media, communications, education, technology investments across North America and Europe. The firm specializes in growth-oriented private equity investme ...

, a media focused

private equity In the field of finance, the term private equity (PE) refers to investment funds, usually limited partnerships (LP), which buy and restructure financially weak companies that produce goods and provide services. A private-equity fund is both a typ ...

firm. The company went public in November 2009 under the ticker (). On 17 May 2012, Archipelago Learning was acquired by PLATO Learning in an all-cash deal valued at $291 million. As a result, the stock was delisted.

Business products

The company sells a suite of supplemental

educational software Educational software is a term used for any computer software which is made for an educational purpose. It encompasses different ranges from language learning software to classroom management software to reference software. The purpose of all ...

products. Study Island is the company's best-known product and website. It is available intwo versions: Study Island for Home, for the home market, and Study Island for Schools, for the educational market. The brand was launched in 2000.

EducationCity EducationCity provides educational software to schools and homes. This elearning service was founded in 1999. The company states that their site has over 15,500 schools and 8,000 families registered. The service provides educational learning exp ...

is a developer and publisher of online educational learning with offices in

Chicago (''City in a Garden''); I Will , image_map = , map_caption = Interactive Map of Chicago , coordinates = , coordinates_footnotes = , subdivision_type = List of sovereign states, Count ...

, USA and

Rutland Rutland () is a ceremonial county and unitary authority in the East Midlands, England. The county is bounded to the west and north by Leicestershire, to the northeast by Lincolnshire and the southeast by Northamptonshire. Its greatest l ...

, UK. Archipelago acquired the firm in June 2010.

History

Study Island was founded in May 2000 by Cam Chalmers and Dave Muzzo, originally providing tools related to the Ohio Proficiency Test Program. By 2002, Study Island had expanded to four states,

Ohio Ohio () is a U.S. state, state in the Midwestern United States, Midwestern region of the United States. Of the List of states and territories of the United States, fifty U.S. states, it is the List of U.S. states and territories by area, 34th-l ...

North Carolina North Carolina () is a state in the Southeastern region of the United States. The state is the 28th largest and 9th-most populous of the United States. It is bordered by Virginia to the north, the Atlantic Ocean to the east, Georgia a ...

New York New York most commonly refers to: * New York City, the most populous city in the United States, located in the state of New York * New York (state), a state in the northeastern United States New York may also refer to: Film and television * '' ...

, and

Michigan Michigan () is a U.S. state, state in the Great Lakes region, Great Lakes region of the Upper Midwest, upper Midwestern United States. With a population of nearly 10.12 million and an area of nearly , Michigan is the List of U.S. states and ...

and serviced 180 schools. Continuing its rapid growth plan, Study Island, which moved its offices to

added six states in 2003 and expanded its coverage to 750 schools. In January 2007,

and MHT Partners together with co-founders Cameron Chalmers and David Muzzo completed a recapitalization of Study Island in which Archipelago Learning was created to acquire 100% of the outstanding shares of Study Island. In June 2008, the company acquired TeacherWeb and in August 2009 the company acquired a minority interest in Edline, a private

educational technology Educational technology (commonly abbreviated as edutech, or edtech) is the combined use of computer hardware, software, and educational theory and practice to facilitate learning. When referred to with its abbreviation, edtech, it often refer ...

company. Also, in April 2009, the company launched Northstar Learning, marking its first entry into the postsecondary education market. In October 2009, it launched in Canada. In November 2009, Archipelago Learning launched a $75 million

initial public offering An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investme ...

on the

NASDAQ The Nasdaq Stock Market () (National Association of Securities Dealers Automated Quotations Stock Market) is an American stock exchange based in New York City. It is the most active stock trading venue in the US by volume, and ranked second ...

under the symbol "ARCL". It also sold TeacherWeb in November 2009. In June 2010, it bought EducationCity expanding the company's school count and portfolio of products in the U.S. and providing an entry point into the U.K. Later that summer the company entered into a distribution agreement with Blake Publishing, and in August 2010 began selling Reading Eggs in the U.S. and Canada. In June 2011, they acquired Alloy Multimedia, the publisher of ESL ReadingSmart, an English language learning program. On 17 May 2012, Archipelago Learning was purchased by PLATO Learning (Now Edmentum, Inc) at the price of US$11.10 per share.

References

External links

* {{official, https://www.edmentum.com Educational technology companies of the United States Education companies established in 2000 Software companies based in Texas Private equity portfolio companies Providence Equity Partners companies Software companies of the United States