In the wake of a disastrous accounting scandal that has slashed the market value of Cendant Corp. by nearly $20 billion, the company announced plans to unload its software division to focus on its core travel, real estate, and marketing businesses.

Cendant Software boasted the nation's largest retail sales of educational software last year, and it was the third-largest seller to schools. According to PC Data of Reston, Va., Cendant sold about $50 million in software to schools in 1997.

The company's subsidiaries include Sierra Online, publisher of more than 200 games and simulation software; Knowledge Adventure, which...

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