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November 15th, 2012
Press Release: Infobase Learning Announces Acquisition of Learn 360
Contact: Laurie Katz, Director of Publicity, 212.896.4269, LKatz@InfobaseLearning.com
FOR IMMEDIATE RELEASE:
Infobase Learning Announces Acquisition of Learn 360
New York, NY, November 14, 2012— Infobase Learning, a Veronis Suhler Stevenson portfolio company, announced today that it has acquired Learn360, an interactive media-on-demand service for the K-12 education market, from AIM Education, Inc. Terms of the transaction were not disclosed.
A subscription-based provider of streaming media resources for the K-12 education market in the United States and Canada, the Learn360 platform contains more than 73,000 multimedia assets—including a wealth of digital video titles, video clips, speeches, images, songs, research articles, and activities from over 60 top educational producers—and has a user base of more than 25,000 schools. Learn360 is also a technology leader, offering educators and students a myriad of features and tools not found on any other streaming video platform. Additionally, all Learn360’s video content is correlated to state, provincial, and Common Core standards, supporting 21st Century Learning Initiatives and meeting today’s demands of school districts and teacher curricula.
“Infobase is dedicated to providing authoritative, curriculum-based content in formats best suited for today’s learners. Learn360 is an obvious fit for us, as it enhances our ability to offer high-value content in emerging formats,” said Mark McDonnell, president and CEO of Infobase Learning, parent company of esteemed brands such as Facts On File, Films Media Group, The World Almanac®, and Chelsea House.
“This acquisition greatly expands our existing reach within the elementary, middle school, and high school markets,” added McDonnell. “Learn360’s extensive multimedia assets and virtual classroom platform complement Infobase’s award-winning digital reference products. What results is a very powerful set of resources for teachers, schools, and libraries.”
About Infobase Learning:
Infobase Learning is an educational solutions company providing award-winning digital reference content to the school and library community. Under such well-known brands as Facts On File, The World Almanac®, Chelsea House, and Films Media Group, Infobase Learning provides students, educators, and librarians with a broad range of award-winning products that both enhance and enrich the learning experience. For more than 70 years, Infobase Learning has been a reliable, authoritative resource for supporting the middle school, high school, and academic curriculum, providing flexible options for accessing educational content whether in school, at the library, or at home.
With an extensive library of digital video titles and online resources, Learn360 gives educators and students the power to meet and exceed 21st-century educational expectations. Setting a superior standard of quality for video streaming, Learn360 delivers the rich resources educators need to bring standards-based and differentiated instruction to students everywhere.
About Veronis Suhler Stevenson:
Veronis Suhler Stevenson is a private equity and debt capital fund management company dedicated to investing in the information, education, media, marketing and business services industries in North America and Europe. VSS provides capital for buyouts, recapitalizations, growth financings and strategic acquisitions to companies and management teams with a goal to build companies both organically and through a focused add-on acquisition program. Since the closing of the first VSS Buyout Fund in 1987, VSS has managed four Buyout Funds and two Structured Capital Funds with aggregate committed capital in excess of $3.1 billion. The six funds have to date invested approximately $2.7 billion in 68 portfolio companies which have in turn completed over 320 add-on acquisitions. The company’s website is www.vss.com.
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