PLATO Learning Changes Name to Edmentum
For immediate release:
PLATO Learning Changes Name to Edmentum
Change comes amid technology revolution in the classroom and reflects a greater array of learning solutions
November 29, 2012 - Minneapolis
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Limited resources, evolving academic standards and new technologies are reshaping how learners interact in the classroom and engage with their learning, and redefining the very idea of what teaching and learning can be. To help educators and administrators respond to the demands of this "21st century" classroom, PLATO Learning is evolving and bringing its online learning solutions to market under a new name: Edmentum™.
From the creators of PLATO and Study Island, Edmentum brings together the people and products from PLATO Learning, Archipelago Learning and Educational Options to redefine the 21st century classroom. The full range of Edmentum learning solutions are built to comply with all state and federal standards, including Common Core.
"The explosion of learning technologies, both in and out of the classroom, combined with our success in expanding our learning technology solutions necessitated a new identity," Edmentum Chief Executive Officer Vin Riera said. "The focus today is no longer just meeting the needs of learners and supporting curricula, but also harnessing the capabilities of exciting new technologies and connecting with the learners who are eager to use them. Edmentum enables educators to support every kind of learner need - from remediation and acceleration to diagnostic assessment and special needs - from pre-kindergarten through adult learners."
Recent acquisitions of learning technology companies such as Archipelago Learning and Educational Options helped prepare PLATO Learning for its transition to Edmentum. The company has expanded beyond the PLATO Learning product brand to include a comprehensive portfolio of award-winning, multi-platform learning technologies to drive learners of all abilities toward achievement.
PLATO Courseware, delivering proven, secondary online courses, remains a key brand for Edmentum, along with Study Island, which provides online instruction, practice, assessment and reporting to enable learners to master state and Common Core standards, and EducationCity, an online instruction resource for test preparation and standards mastery. Additional Edmentum brand segments include the EdOptions Academy, Edmentum Reading Suite, Edmentum Assessments and Edmentum College + Career.
Edmentum is backed by leading middle-market private equity firm Thoma Bravo, LLC
About Edmentum, Inc.
Edmentum, Inc. is a leading provider of online, mobile and software learning solutions designed to drive learner achievement for academic and career success. With more than 50 years of experience driving significant advances in the industry, Edmentum offers a wide variety of innovative solutions spanning a multitude of program areas to empower 21st century teaching and learning. For more information, visit www.edmentum.com.
About Thoma Bravo, LLC
Thoma Bravo is a leading private equity investment firm building on a 30+ year history of providing equity and strategic support to experienced management teams building growing companies. The firm has continued to apply the concept of industry consolidation investing, which seeks to create value through the strategic use of acquisitions to accelerate business growth. Thoma Bravo invests across multiple industries, with a particular focus in enterprise and infrastructure software and financial and business services, and works in partnership with management to implement its operating and consolidation expertise to build long-term value. The firm currently manages a series of private equity funds representing almost $4 billion of equity commitments. In software, Thoma Bravo has completed more than 47 add-on acquisitions across 21 platform companies with total annual earnings of approximately $1 billion. For more information, visit www.thomabravo.com.