In the latest example of how the ed-tech industry is becoming increasingly consolidated into the hands of a few key publishers, New York-based children's publishing company Scholastic Corp. has acquired Tom Snyder Productions, a leading developer of interactive educational software, for $9 million from Canadian publisher Torstar Corp.

Included in the purchase, which was announced Dec. 21, is Soup2Nuts, Tom Snyder's animated television production arm. Annual revenues for Tom Snyder Productions total $15 million.

For more than 20 years, Watertown, Mass.-based Tom Snyder has published award-winning educational...

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