Renaissance Learning announced the acquisition of UClass, a cloud storage and content management platform that allows school districts to upload their entire curricula.
Founded in 2012, UClass was used by 5,000 schools at the time of the acquisition having uploaded some 16 million items, including lesson plans, videos and games. It will now be integrated into Renaissance Learning’s suite of assessment and analytics tools with the team staying on board.
According to Jack Lynch, CEO of Renaissance Learning, the acquisition complements the company’s offerings.
Renaissance Learning made headlines in March of last year when it got acquired by private equity firm Hellman and Friedman for $1.1 billion. The acquisition came less than a month after Google Capital had put $40 million into the company at a valuation of $1 billion.
Renaissance Learning covers one third of US schools and is present in 60 countries with around 20 million students using the offerings at a cost of $5 per student.
- Renaissance Learning Acquires UClass, Bridges K12 Assessment and Instruction | PR Newswire
- HEDLINE: Renaissance Learning acquired for $1.1 billion | EDUKWEST