Renaissance Learning, a leading provider of online assessments and data-powered teaching and learning solutions, announced today that Hellman & Friedman, the San Francisco-based private equity investment firm, has successfully completed its acquisition of Renaissance from the Permira funds. Google Capital and Renaissance's management team co-invested in the transaction, which values the company at approximately $1.1 billion.
Renaissance provides educators with the insight needed to help them unlock the learning potential of every student. Its learning progression -- a sequencing of skills a student must master from kindergarten to high-school graduation -- is powered by insights from more than 45 million assessments taken each year by students at more than one third of U.S. schools. The increasingly digital classroom has accelerated Renaissance's ability to capture vital data that helps teachers understand what a student knows and what the student is ready to learn next.
Click the PDF icon to download the full release.