K-12 Dealmaking: Newsela Leans Into Classroom Assessment With Acquisition of Formative

▤ Summary

Newsela, known for providing curated online educational content tiered to different reading levels, is seeking to vastly expand its delivery of real-time assessments through the newly announced acquisition of another company, Formative. Formative provides educators with quick-turnaround information and data on student learning so that teachers can make on-the-fly adjustments to instruction in the classroom. [And] teachers enjoy using the content.” The Newsela executive spoke to EdWeek Market Brief during this week’s ISTE conference, a major gathering of classroom educators, companies, advocates, and others focused on ed tech. Carrera sees the Formative acquisition as “transformative,” adding that the company is focused on making sure it has the broad impact both sides envisioned. He also said the acquisition fits the spirit of the times, as many state and local policymakers are looking for assessments that help improve instruction, rather than just deliver reports on student learning long after the fact.

▦ Linked Companies

Newsela

$50M to $100M