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{{About|the education software company|other Cambia including the science non-profit|Cambia (disambiguation){{!}}Cambia}} |
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| divisions = Voyager Sopris<br/ > Kurzweil <br/ > ExploreLearning <br/> |
| divisions = Learning A-Z <br/ > Lexia Learning<br/ > Voyager Sopris<br/ > Kurzweil <br/ > ExploreLearning <br/ > Cambium Assessment <br/ > Kurzweil Education <br/ > VKidz |
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'''Cambium Learning Group''' is an American company |
'''Cambium Learning Group''' is an American education [[technology company|technology]] and services company that creates [[computer software]] and [[Computer hardware|hardware]] products serving students ranging from [[pre-kindergarten]] to [[Adult education|adult]]. Cambium Learning is a portfolio company of [[Veritas Capital]], a New York-based private equity firm.<ref>{{Cite web |last=Glick |first=Ben |date=2018-12-19 |title=Veritas Capital Completes Acquisition of Cambium Learning Group |url=https://middlemarketgrowth.org/deal-news-vertias-buys-cambium/ |access-date=2023-11-22 |website=Middle Market Growth |language=en-CA}}</ref> |
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== History == |
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The Dallas, Texas-based company was founded in 2003. {{Citation needed|date=November 2023}} |
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The company's business units are named Learning A-Z, Lexia Learning, Voyager Sopris, [[ExploreLearning]], Cambium Assessment, [[Kurzweil Educational Systems|Kurzweil Education]], and VKidz. |
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After more than 18 years with the company, CEO John Campbell retired in May 2022, and was succeeded by Ashley Anderson Zantop.<ref>{{Cite web |title=Cambium Learning Group Names Ashley Andersen Zantop as CEO and Chairman |url=https://www.k12dive.com/press-release/20220405-cambium-learning-group-names-ashley-andersen-zantop-as-ceo-and-chairman-1/ |access-date=2023-11-22 |website=K-12 Dive |language=en-US}}</ref> |
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== Acquisition == |
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Kurzweil Education (formerly Kurzweil Educational Systems) was bought in April 2005.<ref>{{Cite web |url=https://www.bizjournals.com/boston/blog/mass-high-tech/2005/04/kurzweil-educational-systems-bought.html |access-date=2023-12-09 |website=www.bizjournals.com}}</ref> In December 2009, Cambium Learning and Voyager Sopris Learning (formerly Voyager Learning Company) merged under the newly formed company Cambium Learning Group, Inc.<ref>{{Cite web |last=Staff |first=PE Hub |date=2009-12-09 |title=Voyager Learning Completes Cambium Merger |url=https://www.pehub.com/voyager-learning-completes-cambium-merger/ |access-date=2023-12-09 |website=PE Hub |language=en-US}}</ref> |
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The company purchased Class.com in 2011 for a reported $4.5 million cash.<ref>{{Cite web |last=Staff |first=Site |date=2011-09-22 |title=Cambium Learning Group Inc. to Acquire Class.com |url=https://www.chieflearningofficer.com/2011/09/22/cambium-learning-group-inc-to-acquire-class-com/ |access-date=2024-01-10 |website=Chief Learning Officer - CLO Media |language=en-US}}</ref> |
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VKidz Holdings, Inc. was acquired in December 2018.<ref name="businesswire veritas acquires">{{Cite web |date=2018-12-18 |title=Veritas Capital Completes Acquisition of Cambium Learning Group |url=https://www.businesswire.com/news/home/20181218005160/en/Veritas-Capital-Completes-Acquisition-of-Cambium-Learning-Group |access-date=2021-09-07 |website=www.businesswire.com |language=en}}</ref> |
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Cambium Assessment (formerly AIR Assessment) was acquired in January 2020.<ref>{{Cite web|date=2020-01-06|title=Cambium Learning Group Completes Its Acquisition of Assessment Division of the American Institutes for Research|url=https://www.businesswire.com/news/home/20200106005329/en/Cambium-Learning-Group-Completes-Its-Acquisition-of-Assessment-Division-of-the-American-Institutes-for-Research|access-date=2021-09-07|website=www.businesswire.com|language=en}}</ref> |
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In September 2020, in an all-cash deal, Cambium bought [[Rosetta Stone (company)|Rosetta Stone]] with an equity valuation of approximately $792 million. The following year, in February 2021, the company sold its shares of Rosetta Stone to IXL Learning.<ref>{{Cite web |last=Womack |first=Brian |date=8 February 2021 |title=DFW company sells Rosetta Stone’s language unit after purchasing it last year |url=https://www.bizjournals.com/dallas/news/2021/02/08/cambium-rosetta-stone.html |access-date=2024-01-10 |website=bizjournals}}</ref> |
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In December, 2009, Cambium acquired Voyager Learning Company. |
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==References== |
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The company's business units are Voyager, Sopris and Cambium Learning Technologies, which itself has four divisions: |
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{{Reflist}} |
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* [[Learning A-Z]] – Research-based online curriculum resources for differentiated instruction in reading, writing, and science (grades K-6) |
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* [[Kurzweil Educational Systems]] – Reading, study skill, and writing support software for learners and text-to-speech software for the blind/visually-impaired (grade 3-adult) |
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* [[ExploreLearning]] – Interactive online math and science simulations (grades 3–12). |
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* [https://www.voyagersopris.com/ Voyager Sopris] – Innovative, evidence-based instructional intervention solutions and teacher professional development services. |
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== External links == |
== External links == |
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* [http://www.cambiumlearning.com/ Cambium Learning Technologies website] |
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* [http://www.voyagersopris.com/ Voyager Sopris Learning website] |
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* [http://www.kurzweiledu.com Kurzweil 3000 and 1000, grade 3 through adult literacy assistives] |
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{{Finance links historical |
{{Finance links historical |
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| name = Cambium Learning Group |
| name = Cambium Learning Group |
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[[Category:Assistive technology]] |
[[Category:Assistive technology]] |
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[[Category:Companies based in Dallas]] |
[[Category:Companies based in Dallas]] |
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[[Category:Companies formerly listed on |
[[Category:Companies formerly listed on the Nasdaq]] |
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[[Category:2018 mergers and acquisitions]] |
[[Category:2018 mergers and acquisitions]] |
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[[Category:Private equity portfolio companies]] |
[[Category:Private equity portfolio companies]] |
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[[Category: |
[[Category:Software companies of the United States]] |
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Latest revision as of 22:55, 10 January 2024
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| Company type | Private |
|---|---|
| Nasdaq: ABCD | |
| Divisions | Learning A-Z Lexia Learning Voyager Sopris Kurzweil ExploreLearning Cambium Assessment Kurzweil Education VKidz |
Cambium Learning Group is an American education technology and services company that creates computer software and hardware products serving students ranging from pre-kindergarten to adult. Cambium Learning is a portfolio company of Veritas Capital, a New York-based private equity firm.[1]
History[edit]
The Dallas, Texas-based company was founded in 2003. [citation needed]
The company's business units are named Learning A-Z, Lexia Learning, Voyager Sopris, ExploreLearning, Cambium Assessment, Kurzweil Education, and VKidz.
After more than 18 years with the company, CEO John Campbell retired in May 2022, and was succeeded by Ashley Anderson Zantop.[2]
Acquisition[edit]
Kurzweil Education (formerly Kurzweil Educational Systems) was bought in April 2005.[3] In December 2009, Cambium Learning and Voyager Sopris Learning (formerly Voyager Learning Company) merged under the newly formed company Cambium Learning Group, Inc.[4]
The company purchased Class.com in 2011 for a reported $4.5 million cash.[5]
VKidz Holdings, Inc. was acquired in December 2018.[6]
Cambium Assessment (formerly AIR Assessment) was acquired in January 2020.[7]
In September 2020, in an all-cash deal, Cambium bought Rosetta Stone with an equity valuation of approximately $792 million. The following year, in February 2021, the company sold its shares of Rosetta Stone to IXL Learning.[8]
References[edit]
- ^ Glick, Ben (2018-12-19). "Veritas Capital Completes Acquisition of Cambium Learning Group". Middle Market Growth. Retrieved 2023-11-22.
- ^ "Cambium Learning Group Names Ashley Andersen Zantop as CEO and Chairman". K-12 Dive. Retrieved 2023-11-22.
- ^ www.bizjournals.com https://www.bizjournals.com/boston/blog/mass-high-tech/2005/04/kurzweil-educational-systems-bought.html. Retrieved 2023-12-09.
{{cite web}}: Missing or empty|title=(help) - ^ Staff, PE Hub (2009-12-09). "Voyager Learning Completes Cambium Merger". PE Hub. Retrieved 2023-12-09.
- ^ Staff, Site (2011-09-22). "Cambium Learning Group Inc. to Acquire Class.com". Chief Learning Officer - CLO Media. Retrieved 2024-01-10.
- ^ "Veritas Capital Completes Acquisition of Cambium Learning Group". www.businesswire.com. 2018-12-18. Retrieved 2021-09-07.
- ^ "Cambium Learning Group Completes Its Acquisition of Assessment Division of the American Institutes for Research". www.businesswire.com. 2020-01-06. Retrieved 2021-09-07.
- ^ Womack, Brian (8 February 2021). "DFW company sells Rosetta Stone's language unit after purchasing it last year". bizjournals. Retrieved 2024-01-10.
External links[edit]
- Historical business data for Cambium Learning Group:
- SEC filings
 | This United States software corporation or company article is a stub. You can help Wikipedia by expanding it. |
Categories:
- Educational publishing companies of the United States
- Software companies based in Texas
- Assistive technology
- Companies based in Dallas
- Companies formerly listed on the Nasdaq
- 2018 mergers and acquisitions
- Private equity portfolio companies
- Software companies of the United States
- United States software company stubs