HMH Completes Acquisition of NWEA
Learning expertise firm HMH introduced that it has accomplished its acquisition of property from analysis and academic providers group NWEA. The mixed group will harness the collective energy of instruction and research-based insights to assist educators of their efforts to drive higher outcomes for college students.
NWEA CEO Chris Minnich will be a part of HMH’s govt management workforce as president of a brand new NWEA division. The division will preserve its present choices together with its flagship evaluation MAP Growth and proceed to supply platform-agnostic evaluation options to its hundreds of companions globally. In addition, educators will profit from a related answer linking NWEA’s assessments with HMH’s curriculum. This will allow them to higher perceive how college students are rising academically and methods to maximize that development with content material particular suggestions that advance pupil studying.
“We are thrilled to welcome NWEA’s talented and innovative team to the HMH community. Together, we are deeply focused on the transformative power of education,” stated Jack Lynch, CEO of HMH. “We look forward to diving into our collective work in support of students and teachers.”
Okay–12 districts, states and educators presently working with HMH and NWEA is not going to expertise any disruption to the providers they presently obtain. Customers can be taught extra at hmhco.com/hmh-and-nwea.
Proceeds from the acquisition will fund the formation of a brand new personal basis that will probably be headquartered in Oregon and can serve college students and educators throughout the nation. In the subsequent yr, the inspiration will decide a reputation, its full construction and supply particulars of its mission, together with what grant packages will probably be obtainable.
HMH is a portfolio firm of Veritas Capital (“Veritas”), a number one investor on the intersection of expertise and authorities. HMH was acquired by Veritas in April 2022.
Goldman Sachs & Co. LLC acted as unique monetary advisor to NWEA, and Hogan Lovells US LLP served because the Company’s authorized advisor. Davis Wright Tremaine LLP additionally acted as authorized advisor to NWEA. Milbank LLP acted as HMH’s authorized advisor in reference to the transaction.
About HMH
Houghton Mifflin Harcourt (HMH) is a studying expertise firm dedicated to delivering related options that have interaction learners, empower educators and enhance pupil outcomes. As a number one supplier of Okay–12 core curriculum, supplemental and intervention options, {and professional} studying providers, HMH companions with educators and college districts to uncover options that unlock college students’ potential and prolong lecturers’ capabilities. HMH serves greater than 50 million college students and 4 million educators in 150 international locations. For extra info, go to www.hmhco.com
About NWEA
NWEA® (previously often known as Northwest Evaluation Association) is a mission-driven group that helps college students and educators in additional than 146 international locations by analysis, evaluation options, coverage and advocacy providers, skilled studying and college enchancment providers that combat for fairness, drive classroom influence and push for systemic change in our instructional communities. Visit NWEA.org to be taught extra about how we’re partnering with educators to assist all children be taught.
About Veritas Capital
Veritas Capital (Veritas) is a longstanding expertise investor with over $40 billion of property underneath administration and a give attention to corporations working on the intersection of expertise and authorities. The agency invests in corporations that present essential merchandise, software program, and providers, primarily expertise and technology-enabled options, to authorities and business prospects worldwide. Veritas seeks to create worth by strategically remodeling the businesses through which it invests by natural and inorganic means. Leveraging expertise to make a optimistic influence throughout vitally vital areas, comparable to healthcare, training, and nationwide safety, is core to the agency. Veritas is a proud steward of nationwide property, bettering the standard of healthcare whereas decreasing value, advancing our instructional system, and defending our nation and allies. For extra info, go to www.veritascapital.com.
eSchool Media workers cowl training expertise in all its points–from laws and litigation, to greatest practices, to classes discovered and new merchandise. First printed in March of 1998 as a month-to-month print and digital newspaper, eSchool Media offers the information and knowledge mandatory to assist Okay-20 decision-makers efficiently use expertise and innovation to remodel colleges and schools and obtain their instructional targets.
