“Because HMH’s financial restructuring plan is focused only on the company’s current long-term debt, it will not impact day-to-day operations, including all customer-facing functions such as customer service and support, product development, and fulfillment. HMH customers can count on receiving the same quality offerings that they have come to expect from us,” Olson said.
She added: “Because we already have a high level of support from our key stakeholders, we expect to move swiftly and smoothly and complete the [bankruptcy] process by the end of June. In the meantime, our company has more than enough positive cash flow, and our offices are open and serving our customers, employees, business partners, content providers, and suppliers as usual.”
HMH’s many digital products include SkillsTutor, a cloud-based solution for personalized assessment and instruction in math, science, and language arts; DataDirector, an online assessment and data-management system that helps educators assess students’ skills, analyze results, and deliver follow-up support based on a prescribed intervention that is customized to each student’s needs; Pinpoint, a single sign-on platform for delivering curriculum, assessment, analytics, professional development, parent information, and more; Fuse, an iPad-based algebra curriculum; and iNsight, a brand-new platform for creating a safe and positive learning environment.
Susan Bedi, public information officer for California’s Fresno Unified School District, said her district uses many HMH products, including Fuse and a number of the company’s textbook series. In an eMail message to eSchool News, Bedi said HMH reached out to the district “to explain the restructuring process and the fact that it would have no impact on customers.”
“Our relationship with HMH is strong and longstanding, and we expect no impact on our district from this process,” Bedi wrote.
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