Studying know-how firm HMH introduced that it has accomplished its acquisition of property from analysis and academic companies group NWEA. The mixed group will harness the collective energy of instruction and research-based insights to assist educators of their efforts to drive higher outcomes for college kids.
NWEA CEO Chris Minnich will be a part of HMH’s govt management workforce as president of a brand new NWEA division. The division will keep its present choices together with its flagship evaluation MAP Development and proceed to supply platform-agnostic evaluation options to its hundreds of companions globally. As well as, educators will profit from a related answer linking NWEA’s assessments with HMH’s curriculum. This may allow them to higher perceive how college students are rising academically and learn how to maximize that progress with content material particular suggestions that advance pupil studying.
“We’re thrilled to welcome NWEA’s gifted and revolutionary workforce to the HMH group. Collectively, we’re deeply centered on the transformative energy of schooling,” mentioned Jack Lynch, CEO of HMH. “We sit up for diving into our collective work in assist of scholars and lecturers.”
Okay–12 districts, states and educators at present working with HMH and NWEA won’t expertise any disruption to the companies they at present obtain. Prospects can study extra at hmhco.com/hmh-and-nwea.
Proceeds from the acquisition will fund the formation of a brand new personal basis that will probably be headquartered in Oregon and can serve college students and educators throughout the nation. Within the subsequent yr, the inspiration will decide a reputation, its full construction and supply particulars of its mission, together with what grant packages will probably be out there.
HMH is a portfolio firm of Veritas Capital (“Veritas”), a number one investor on the intersection of know-how and authorities. HMH was acquired by Veritas in April 2022.
Goldman Sachs & Co. LLC acted as unique monetary advisor to NWEA, and Hogan Lovells US LLP served because the Firm’s authorized advisor. Davis Wright Tremaine LLP additionally acted as authorized advisor to NWEA. Milbank LLP acted as HMH’s authorized advisor in reference to the transaction.
About HMH
Houghton Mifflin Harcourt (HMH) is a studying know-how firm dedicated to delivering related options that have interaction learners, empower educators and enhance pupil outcomes. As a number one supplier of Okay–12 core curriculum, supplemental and intervention options, {and professional} studying companies, HMH companions with educators and faculty districts to uncover options that unlock college students’ potential and lengthen lecturers’ capabilities. HMH serves greater than 50 million college students and 4 million educators in 150 international locations. For extra data, go to www.hmhco.com
About NWEA
NWEA® (previously generally known as Northwest Analysis Affiliation) is a mission-driven group that helps college students and educators in additional than 146 international locations by means of analysis, evaluation options, coverage and advocacy companies, skilled studying and faculty enchancment companies that combat for fairness, drive classroom impression and push for systemic change in our academic communities. Go to NWEA.org to study extra about how we’re partnering with educators to assist all children study.
About Veritas Capital
Veritas Capital (Veritas) is a longstanding know-how investor with over $40 billion of property underneath administration and a give attention to firms working on the intersection of know-how and authorities. The agency invests in firms that present essential merchandise, software program, and companies, primarily know-how and technology-enabled options, to authorities and business prospects worldwide. Veritas seeks to create worth by strategically remodeling the businesses by which it invests by means of natural and inorganic means. Leveraging know-how to make a optimistic impression throughout vitally vital areas, equivalent to healthcare, schooling, and nationwide safety, is core to the agency. Veritas is a proud steward of nationwide property, enhancing the standard of healthcare whereas lowering price, advancing our academic system, and defending our nation and allies. For extra data, go to www.veritascapital.com.
eSchool Media employees cowl schooling know-how in all its features–from laws and litigation, to greatest practices, to classes realized and new merchandise. First revealed in March of 1998 as a month-to-month print and digital newspaper, eSchool Media gives the information and knowledge essential to assist Okay-20 decision-makers efficiently use know-how and innovation to remodel colleges and schools and obtain their academic objectives.
