Riverdeep Group PLC, a leading developer of online K-12 interactive learning solutions, announced it will acquire Teacher Universe Inc., a provider of professional development and science curriculum resources to K-12 teachers and students. Under the terms of the agreement, Riverdeep has agreed to pay $1 million in cash and 500,000 shares of stock.
The deal means new online content will be added to the Riverdeep.net portal, including Teacher Universe’s flagship “Galaxy Classroom” platform, with comprehensive K-5 science curriculum. The new content will join Riverdeep’s existing offerings, including the Destination MATH series, Vantage Points language arts curriculum, Logal science curriculum, and Edmark early learning and special-needs products.
Teacher Universe’s web-based and instructor-led staff development courses will be added to Riverdeep.net subscriptions, enhancing and expanding Riverdeep’s existing teacher training lineup. In addition, Riverdeep and Knowledge Universe will co-promote each other’s products and solutions.
Barry O’Callaghan, Riverdeep’s chief executive officer, commented, “As we advance the move of instructional technology from the computer lab to the classroom, we recognize the requirement to provide the people who manage the classrooms–the teachers–with more effective management tools. … The integration of the Teacher Universe assets into Riverdeep expands our comprehensive K-12 educational content library and professional development offering and makes Riverdeep the only ‘one-stop shop’ serving large school districts’ instructional technology needs.”
Teacher Universe is a subsidiary of Knowledge Universe Inc., a parent corporation for a diverse group of companies involved in education and technology training, testing, web-based broadcasting, health information, and business services.