Leading AI Education Technology Provider Carnegie Learning Announces Strategic Growth Investment From Madison Dearborn Partners
Summary
PITTSBURGH--(BUSINESS WIRE)--Carnegie Learning, Inc. (“the Company”), a leader in artificial intelligence (AI) for education and formative assessment, announced today that it has received a strategic growth investment from funds affiliated with Madison Dearborn Partners, LLC (“MDP”), a leading private equity firm based in Chicago. CIP will retain a significant ownership position in Carnegie Learning alongside certain members of the Company’s management team. The Company’s blended offering of digital and print solutions is attractive to school districts across the country as they continue to recognize the value that flexible online learning provides. CIP Capital is a New York-based private equity firm focused on investing in growth-oriented, middle- market companies across the Business Information and Technology-Enabled Services sectors in North America. The fund seeks to invest in proven, profitable businesses that provide their customer bases with critical information, data-driven insights, and value-added outsourced services.
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