Jun 21, 2013 (10:06 AM EDT)
McGraw-Hill Education Buys ALEKS Adaptive Learning Software
Read the Original Article at InformationWeek
The ALEKS Corp. assessment and learning technologies were originally developed by a team of cognitive scientists, mathematicians and software engineers at the University of California, Irvine, with major funding from the National Science Foundation. Its Web-based software uses assessment based on artificial intelligence techniques and a theory of how math concepts are related to each other so that understanding of one implies understanding of prerequisite concepts, which the company refers to as "knowledge spaces."
ALEKS has become popular as a tool for college placement assessments as well as K-12 education. ALEKS says the software is in use in more than 100 math, science and business courses in both K-12 and higher education.
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McGraw-Hill Education, a spinoff of the well-known publishing company, is a digital learning firm that aims to be the leading provider of adaptive learning technologies. In March, McGraw-Hill completed the sale of McGraw-Hill Education to investment funds affiliated with Apollo Global Management for $2.4 billion in cash.
This is McGraw Hill Education's first acquisition as an independent company, but in January it secured an equity stake in Area9, a firm based in Denmark that offers the LearnSmart Advantage adaptive learning suite, including the SmartBook e-book technology.
McGraw-Hill Education said it will continue to sell ALEKS as a standalone solution over the near term, but the company plans deeper integration between ALEKS and its content and digital platforms.