Educational software publisher Riverdeep Inc. has acquired Broderbund LLC, which makes personal productivity software for the school and consumer markets, from Gores Technology Group for $57.2 million, the companies announced Aug. 26.

The deal gives Riverdeep the rights to the Broderbund name and all of its software titles, which include print and creativity programs already familiar to many schools, such as KidPix and Print Shop. The acquisition will be funded through a combination of cash and a $50 million debt line with Foothill Capital Corp., a subsidiary of Wells Fargo.


Subscribe to Read More

Are You an Educator?

Get Free online access to all our news and resources