Weld North Holdings LLC, led by former Kaplan CEO Jonathan Grayer, announced today that it continues to solidify its leadership position in the $8.0 billion K–12 digital education market1 by acquiring a 100 percent interest in each of Imagine Learning and Truenorthlogic. Terms of the agreements were not disclosed. These acquisitions are each subject to standard conditions and are expected to close during the second quarter of 2014.
Imagine Learning and Truenorthlogic join Edgenuity, a provider of engaging online education and blended learning solutions for students grades 6–12 and Generation Ready, a national provider of leader and teacher professional learning services formed by the combination of Editure/AUSSIE Professional Development and JBHM Education Group on the Weld North education platform. Weld North now has a $200 million, rapidly growing digital education platform poised to capitalize on the dramatic growth in digital learning.
Provo, Utah-based Imagine Learning designs and develops language and literacy software for struggling readers, early childhood students, and the rapidly growing English language learner (ELL) student population. Through its teacher-friendly language and literacy software, Imagine Learning offers a more effective approach for districts and states working to assist K–6 students in developing strong language and literacy skills. Imagine Learning is well positioned to take advantage of the shift towards a blended learning environment in high performing schools. The company has substantial organic growth opportunities in the vibrant EdTech market through further penetration into its existing customer base, continued growth into new school districts, as well as expansion into early core literacy curriculum. The global English language learning market is expected to be $193 billion by 20172, with ELLs in the U.S. currently comprising 11% of the total preK-12 enrollment3.