"ALEKS Corporation and McGraw-Hill Education share a vision for transforming education through the most advanced technology and the highest quality content on the market," said Wil Lampros, chief executive officer of ALEKS Corporation. "Becoming part of McGraw-Hill Education will enable us to help many more students with additional resources and accelerated momentum. We're delighted to join forces with our long-term partner at this critical time for education."
McGraw-Hill Education will continue to sell ALEKS as a standalone solution over the near term, but the company plans deeper integration between ALEKS and its content and digital platforms. As part of the acquisition, McGraw-Hill Education will maintain ALEKS Corporation's current offices in Irvine, Calif.
East Wind Advisors acted as exclusive financial advisor to ALEKS Corporation in this transaction.
About McGraw-Hill EducationMcGraw-Hill Education is a digital learning company that draws on its more than 100 years of educational expertise to offer solutions that improve learning outcomes around the world. McGraw-Hill Education is the adaptive education technology leader with the vision for creating a highly personalized learning experience that prepares students of all ages for the world that awaits. The Company has offices across North America, India, China, Europe, the Middle East and South America, and makes its learning solutions available in more than 60 languages. For additional information, visit www.mheducation.com.About ALEKS Corporation ALEKS Corporation is a leader in the creation of web-based, artificially intelligent educational software. ALEKS assessment and learning technologies were originally developed by a team of cognitive scientists, mathematicians, and software engineers at the University of California, Irvine, with major funding from the National Science Foundation. ALEKS is founded on groundbreaking research in mathematical cognitive science known as Knowledge Space Theory. Through adaptive questioning, ALEKS accurately assesses a student's knowledge state, and then delivers targeted instruction on the topics a student is most ready to learn. ALEKS has been used by millions of students in over 100 different mathematics, science, and business courses at thousands of K-12 schools, colleges, and universities throughout the world. Contact: Brian BelardiMcGraw-Hill Education(212) 904-4827 firstname.lastname@example.org SOURCE McGraw-Hill Education
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