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Studying know-how firm HMH introduced that it has accomplished its acquisition of property from analysis and academic companies group NWEA. The mixed group will harness the collective energy of instruction and research-based insights to help educators of their efforts to drive higher outcomes for college students.
NWEA CEO Chris Minnich will be a part of HMH’s government management workforce as president of a brand new NWEA division. The division will keep its present choices together with its flagship evaluation MAP Development and proceed to supply platform-agnostic evaluation options to its hundreds of companions globally. As well as, educators will profit from a linked answer linking NWEA’s assessments with HMH’s curriculum. This may allow them to raised perceive how college students are rising academically and methods to maximize that development with content material particular suggestions that advance scholar studying.
“We’re thrilled to welcome NWEA’s proficient and progressive workforce to the HMH neighborhood. Collectively, we’re deeply centered on the transformative energy of schooling,” stated Jack Lynch, CEO of HMH. “We look ahead to diving into our collective work in help of scholars and lecturers.”
Ok–12 districts, states and educators at the moment working with HMH and NWEA is not going to expertise any disruption to the companies they at the moment obtain. Prospects can be taught extra at hmhco.com/hmh-and-nwea.
Proceeds from the acquisition will fund the formation of a brand new non-public basis that might be headquartered in Oregon and can serve college students and educators throughout the nation. Within the subsequent 12 months, the inspiration will decide a reputation, its full construction and supply particulars of its mission, together with what grant packages might be out there.
HMH is a portfolio firm of Veritas Capital (“Veritas”), a number one investor on the intersection of know-how 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 Firm’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 know-how firm dedicated to delivering linked options that have interaction learners, empower educators and enhance scholar outcomes. As a number one supplier of Ok–12 core curriculum, supplemental and intervention options, {and professional} studying companies, 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 data, go to www.hmhco.com
About NWEA
NWEA® (previously referred to as Northwest Analysis Affiliation) is a mission-driven group that helps college students and educators in additional than 146 international locations by means of analysis, evaluation options, coverage and advocacy companies, skilled studying and college enchancment companies that struggle for fairness, drive classroom impression and push for systemic change in our instructional communities. Go to NWEA.org to be taught extra about how we’re partnering with educators to assist all youngsters be taught.
About Veritas Capital
Veritas Capital (Veritas) is a longstanding know-how investor with over $40 billion of property underneath administration and a give attention to corporations working on the intersection of know-how and authorities. The agency invests in corporations that present important merchandise, software program, and companies, primarily know-how and technology-enabled options, to authorities and industrial clients worldwide. Veritas seeks to create worth by strategically reworking the businesses during which it invests by means of natural and inorganic means. Leveraging know-how to make a optimistic impression throughout vitally necessary areas, akin to healthcare, schooling, and nationwide safety, is core to the agency. Veritas is a proud steward of nationwide property, enhancing the standard of healthcare whereas lowering price, advancing our instructional system, and defending our nation and allies. For extra data, go to www.veritascapital.com.
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