Cambium Learning Group is an American education
technology
Technology is the application of Conceptual model, conceptual knowledge to achieve practical goals, especially in a reproducible way. The word ''technology'' can also mean the products resulting from such efforts, including both tangible too ...
and services company that creates
computer software
Software consists of computer programs that instruct the Execution (computing), execution of a computer. Software also includes design documents and specifications.
The history of software is closely tied to the development of digital comput ...
and
hardware products serving students ranging from
pre-kindergarten to
adult. Cambium Learning is a portfolio company of
Veritas Capital, a New York-based private equity firm.
History
The Dallas, Texas-based company was founded in 2003.
The company's business units are named Learning A-Z, Lexia Learning, Voyager Sopris,
ExploreLearning, Cambium Assessment,
Kurzweil Education, and VKidz.
After more than 18 years with the company, CEO John Campbell retired in May 2022, and was succeeded by Ashley Anderson Zantop.
Acquisitions
Kurzweil Education (formerly Kurzweil Educational Systems) was bought in April 2005. In December 2009, Cambium Learning and Voyager Sopris Learning (formerly Voyager Learning Company) merged under the newly formed company Cambium Learning Group, Inc.
The company purchased Class.com in 2011 for a reported $4.5 million cash.
VKidz Holdings, Inc. was acquired in December 2018.
Cambium Learning acquired the
American Institutes for Research’s (AIR) K-12 assessment division in January 2020.
In September 2020, in an all-cash deal, Cambium bought
Rosetta Stone
The Rosetta Stone is a stele of granodiorite inscribed with three versions of a Rosetta Stone decree, decree issued in 196 BC during the Ptolemaic dynasty of ancient Egypt, Egypt, on behalf of King Ptolemy V Epiphanes. The top and middle texts ...
with an equity valuation of approximately $792 million. The following year, in February 2021, the company sold its shares of Rosetta Stone to IXL Learning.
The company acquired Lexia in October 2020, and in 2021, Lexia was combined with Voyager Sopris to create Lexia Learning.
References
External links
Educational publishing companies of the United States
Software companies based in Texas
Assistive technology
Companies based in Dallas
Companies formerly listed on the Nasdaq
2018 mergers and acquisitions
Private equity portfolio companies
Software companies of the United States
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