Carnegie Learning Acquires Scientific Learning Corporation to Strengthen its Digital Literacy Offerings

▤ Summary

We are excited to partner with the Scientific Learning team and, together, continue to redefine and advance the role of technology in K-12 education.” A portion of the transaction value was applied to fund Scientific Learning’s approximately $7.0 million in subordinated debt, other debt and certain selling and transaction-related expenses. Scientific Learnings programs have been used by more than three million learners in more than 2,300 K-12 schools in the United States and Canada, almost 300 private practice clinicians, thousands of students via a direct-to-consumer channel, and in over 55 countries via value-added resellers. For more information please visit: https://www.scilearn.com Carnegie Learning is the leader in artificial intelligence in education and formative assessment. Scientific Learning was advised by Cherry Tree & Associates, LLC, an investment banking firm specializing in serving education technology companies. You can identify these statements by use of the words "may," "will," "should," "plans," "explores," "expects," "anticipates," "continue," "estimate," "project," "intend," and similar expressions.

▦ Linked Companies

Carnegie Learning

$50M to $100M

Scilearn

$10M to $25M