M&A Deal Summary |
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Date | 2018-01-18 |
Target | BrainMap |
Sector | Education |
Buyer(s) | Scientific Learning |
Deal Type | Add-on Acquisition |
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Category | Company |
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Founded | 1995 |
Sector | Internet Software and Services |
Revenue | 16M USD (2016) |
Scientific Learning Corp. is a SaaS service provider that delivers neuroscience-based educational technologies that have been research-validated by over 250 studies, including those from Stanford, MIT, and Harvard Universities. Their programs, Fast ForWord® and Reading Assistant™, have been used by more than 2.8 million learners in more than 2,600 K-12 schools in the US, by over 500 private practice clinicians, by thousands of students via a direct-to-consumer channel, and in over 55 countries via Value Added Resellers (VAR). The Fast ForWord programs cross-train foundational language and cognitive skills necessary for rapid English language development, while Reading Assistant uses speech verification technology to provide real-time corrective feedback to students as they read and speak, in a manner similar to that of an individualized language and reading coach. Scientific Learning was founded in 1995 and is based in Oakland, California.
DEAL STATS | # |
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Overall | 1 of 1 |
Sector (Education) | 1 of 1 |
Type (Add-on Acquisition) | 1 of 1 |
Country (China) | 1 of 1 |
Year (2018) | 1 of 1 |