Deals

Online education site Renaissance Learning sells for $1.1B, a month after Google Capital invests

ipad classroom students
Successful CMOs achieve growth by leveraging technology. Join us for GrowthBeat Summit on June 1-2 in Boston, where we'll discuss how to merge creativity with technology to drive growth. Space is limited. Request your personal invitation here!

Here’s yet another big move for online education.

Renaissance Learning, an online learning analytics and assessment company, announced today that it has sold for $1.1 billion to private equity firm Hellman & Friedman, Re/code reports.

The company made headlines last month when Google Capital invested $40 million at a valuation of $1 billion. While the funding gave Google Capital a small stake in the company, it likely expected a higher return. A Renaissance Learning rep tells Re/code that Google Capital will likely take another minority stake in the company as part of the new deal.

With schools taking advantage of more technology these days — Chromebooks and tablets, in particular — they need solutions like Renaissance Learning to make sense of all the data students generate. It’s not just about grading assignments; intelligent online learning services can unearth trends that teachers should be paying attention to.


VentureBeat’s VB Insight team is studying marketing analytics... Chime in here, and we’ll share the results.