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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>
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>


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>
Cambium Learning acquired the [[American Institutes for Research|American Institutes for Research’]]<nowiki/>s (AIR) K-12 assessment division in January 2020.<ref>{{Cite web |date=2019-08-22 |title=Cambium Learning Group to Acquire Assessment Division of Nonprofit AIR - EdSurge News |url=https://www.edsurge.com/news/2019-08-22-cambium-buys-assessment-division-of-nonprofit-air |access-date=2024-09-24 |website=EdSurge |language=en}}</ref><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>


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>
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>

Revision as of 15:00, 24 September 2024

This article is about the education software company. For other Cambia including the science non-profit, see Cambia.
Cambium Learning Group
Company typePrivate
Nasdaq: ABCD
DivisionsLearning 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

The Dallas, Texas-based company was founded in 2003.[2]

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.[3]

Acquisition

Kurzweil Education (formerly Kurzweil Educational Systems) was bought in April 2005.[4] In December 2009, Cambium Learning and Voyager Sopris Learning (formerly Voyager Learning Company) merged under the newly formed company Cambium Learning Group, Inc.[5]

The company purchased Class.com in 2011 for a reported $4.5 million cash.[6]

VKidz Holdings, Inc. was acquired in December 2018.[7]

Cambium Learning acquired the American Institutes for Research’s (AIR) K-12 assessment division in January 2020.[8][9]

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.[10]

The company acquired Lexia in October 2020, and in 2021, Lexia was combined with Voyager Sopris to create Lexia Learning.[11]

References

  1. ^ Glick, Ben (2018-12-19). "Veritas Capital Completes Acquisition of Cambium Learning Group". Middle Market Growth. Retrieved 2023-11-22.
  2. ^ "Top edtech trends, companies, and VC deals". Pitchbook. 23 March 2023.
  3. ^ "Cambium Learning Group Names Ashley Andersen Zantop as CEO and Chairman". K-12 Dive. Retrieved 2023-11-22.
  4. ^ "Kurzweil Educational Systems bought by Natick's Cambium". bizjournals.com. 4 April 2005. Retrieved 2023-12-09.
  5. ^ Staff, PE Hub (2009-12-09). "Voyager Learning Completes Cambium Merger". PE Hub. Retrieved 2023-12-09.
  6. ^ Staff, Site (2011-09-22). "Cambium Learning Group Inc. to Acquire Class.com". Chief Learning Officer - CLO Media. Retrieved 2024-01-10.
  7. ^ "Veritas Capital Completes Acquisition of Cambium Learning Group". www.businesswire.com. 2018-12-18. Retrieved 2021-09-07.
  8. ^ "Cambium Learning Group to Acquire Assessment Division of Nonprofit AIR - EdSurge News". EdSurge. 2019-08-22. Retrieved 2024-09-24.
  9. ^ "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.
  10. ^ Womack, Brian (8 February 2021). "DFW company sells Rosetta Stone's language unit after purchasing it last year". bizjournals. Retrieved 2024-01-10.
  11. ^ Post, Sponsor. "One edtech company is leading the new era of technology-enhanced education. Here's how their learning experiences benefit students and educators". Business Insider. Retrieved 2024-09-12.
    • Historical business data for Cambium Learning Group:
    • SEC filings


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