A Welder of Digital Curriculum Companies Buys Its Latest
Summary
Compass Learning, an online curriculum program used for primary and supplemental instruction, was acquired by Weld North in 2016 and merged into Edgenuity. One of them will be a complementary addition to Weld North’s portfolio: Odysseyware, a library of online courses covering career and technical education along with K-12 subjects, often used for intervention and credit recovery. With Glynlyon under its fold, Grayer claims that Weld North Education’s suite of tools will reach more than 6 million U.S. students. Other competitors mentioned by Grayer include K-8 math instructional provider DreamBox, which claims to serve 3 million students, and literacy platform Achieve3000, which boasts a similar footprint. These moves come as no surprise to Grayer: “This is the period we’re in now, and we’re seeing consolidation in the [edtech] marketplace.” He also teased at a forthcoming deal, involving a company that focuses on “assessments and psychometrics.” There’s a pattern across all of acquisitions that Weld North Education have made: companies that have survived nearly a decade, with a sizable sales operation and generating northward of a million dollars in revenue.
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