HMH to Purchase NWEA — science weblog


Boston and Portland, Ore.—Studying expertise firm  HMH and  NWEA, a not-for-profit, analysis and academic companies group serving Ok-12 college students, introduced in the present day they’ve signed an settlement for HMH to amass NWEA. Upon closing, NWEA will function as a division of HMH, with its present choices, together with its flagship evaluation—MAP Development—remaining underneath the NWEA model. NWEA evaluation options will probably be built-in with HMH curriculum on HMH’s platform to create a mixed providing that hyperlinks interim evaluation to instruction. HMH is a portfolio firm of Veritas Capital, a non-public funding agency that focuses on corporations that present expertise and technology-enabled options to authorities and business prospects worldwide.

By combining NWEA’s assessments with HMH’s curriculum, HMH is predicted to ship a holistic resolution for educators that helps them perceive how college students are rising academically and what areas want essentially the most focus to maximise that development. Most significantly, this resolution will flip insights from assessments into content material suggestions that assist lecturers deal with student-specific ability gaps and advance scholar studying.

“We’re thrilled on the potential this acquisition brings for Ok-12 educators, at a time when the connection between instruction and evaluation is more and more vital for scholar success,” stated Jack Lynch, CEO of HMH. “HMH and NWEA have nice alignment in mission and long-term imaginative and prescient and share the collective perception within the transformative energy of training. Each groups are deeply targeted on serving to all youngsters study and serve thousands and thousands of Ok-12 educators and college students throughout the globe.”

“We’ve gone from serving three faculty districts 40 years in the past to working with 10,000 faculty districts in 2022. That is the right time to have a look at the place NWEA can go subsequent to construct on our status for high quality and belief with the purpose of amplifying our influence on scholar studying,” stated Chris Minnich, CEO of NWEA. “When contemplating the precise path ahead, we saved our faculty district and state training companions on the middle, with a give attention to how we will ship for them, particularly within the areas they worth. As a part of HMH, we can deal with their wants quicker whereas staying targeted on the deep, trusting relationships we’ve constructed with them.” 

Following the shut of the settlement, which is topic to customary regulatory evaluate and anticipated to happen inside a 90-day interval, the NWEA identify, model and evaluation and studying options will proceed as a part of HMH, and NWEA could have entry to assets and capability that may gas its innovation and allow it to raised serve educators and college students.

The proceeds of the acquisition will probably be used within the close to time period to fund the continuation of a not-for-profit targeted on serving to all youngsters study and obtain their full potential, with plans to finally convert to a non-public basis.

“We’re extremely enthusiastic for this chance and that the proceeds will go towards establishing an training basis that invests in new frontiers of studying aimed toward serving to all children study,” stated Mark Strickland, Board Chair of the NWEA Board of Administrators. “Moreover, we congratulate HMH and NWEA on this partnership, recognizing this as a technique to speed up the mission of each organizations, finally benefiting educators they serve in the present day and sooner or later.”

NWEA companions can study extra about this settlement at  nwea.org/news-center/.

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 expertise firm dedicated to delivering related 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 faculty 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 info, go to  www.hmhco.com

About NWEA

NWEA® (previously often called Northwest Analysis Affiliation) is a mission-driven, not-for-profit 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 faculty enchancment companies that battle for fairness, drive classroom influence and push for systemic change in our academic communities. Go to  NWEA.org to study extra about how we’re partnering with educators to assist all children study.

About Veritas Capital

Veritas Capital (Veritas) is a longstanding expertise investor with over $40 billion of belongings underneath administration and a give attention to corporations working on the intersection of expertise and authorities. The agency invests in corporations that present vital merchandise, software program, and companies, primarily expertise and technology-enabled options, to authorities and business prospects worldwide. Veritas seeks to create worth by strategically remodeling the businesses during which it invests by means of natural and inorganic means. Leveraging expertise to make a constructive influence throughout vitally necessary areas, similar to healthcare, training, and nationwide safety, is core to the agency. Veritas is a proud steward of nationwide belongings, bettering the standard of healthcare whereas decreasing value, advancing our academic system, and defending our nation and allies. For extra info, go to  www.veritascapital.com.

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