MasteryConnect which provides teachers with a suite of assessment products acquired Socrative, a startup that creates tools for classroom engagement, for $5 million in cash and stock.
Both startups took part in the imagine K12 incubator program and have NewSchools Venture Fund as their investor. MasteryConnect raised $9 million to date, Socrative $760k.
The founders of Socrative and their employees with all but a few remote workers will join the MasteryConnect team in Salt Lake City. Socrative’s CEO Ben Berte will become director of user engagement for MasteryConnect
MasteryConnect plans to keep the Socrative brand even after the product will be integrated into its product suite by fall 2014. The combined startup now reaches 21 million students and 1 million teachers in 175 countries. The startup now aims to further expand internationally and to add more features for teachers and parents of students in K-12.