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Corporation
INTERNET | Internet Software & Services / Education & Training
achieve3000.com

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Founded Year

2000

Stage

Acquired | Acquired

Total Raised

$13.6M

About Achieve3000

Achieve3000 is a literacy platform with cloud-based solutions that serve students worldwide. Achieve3000’s patented and proven differentiated instruction for grades PreK-12 and adult education reaches all students at their individual reading levels to accelerate learning, improve high stakes test performance, and drive college and career success.On August 30th, 2021, Achieve3000 was acquired by McGraw-Hill Education. The terms of the transaction were not disclosed.

Achieve3000 Headquarter Location

331 Newman Springs Road, Suite 304

Red Bank, New Jersey, 07701,

United States

732-987-3669

Latest Achieve3000 News

McGraw Hill to Acquire Edtech Pioneer Achieve3000

Sep 1, 2021

McGraw Hill to Acquire Edtech Pioneer Achieve3000 Press Release · August 30, 2021 New York, NY (August 30, 2021) – McGraw Hill announced today that it has entered into a definitive agreement to acquire Achieve3000, a recognized leader in differentiated instruction and learning acceleration for PreK-12 students in all 50 states and 49 countries. Financial terms were not disclosed. The transaction is expected to be completed in approximately 60 days, subject to customary closing conditions. Based in Red Bank, NJ and founded more than 20 years ago, Achieve3000 delivers a comprehensive learning platform that significantly accelerates and deepens learning in literacy, math, science, social studies, and English Language Arts. Teachers in every subject and all 50 states rely on Achieve3000’s solutions to promote equity, increase engagement, and accelerate learning in their classes. McGraw Hill is a portfolio company of Platinum Equity. Achieve3000 is McGraw Hill’s first add-on acquisition since Platinum Equity acquired the company in July 2021. Simon Allen, CEO of McGraw Hill, said: “This is a great opportunity to further complement our core products in PreK-12 with supplemental and intervention solutions to help students of all ages and abilities, which has become even more important since the pandemic. With this acquisition, we will offer a wider array of outstanding digital learning materials that serve teachers, engage students and drive better learning outcomes.” Sean Ryan, President of McGraw Hill’s School Group, said: “Achieve3000 and McGraw Hill are a natural fit. The combination of our people and our products will provide more effective and compelling support for classroom teachers.” Stuart Udell, CEO of Achieve3000, said: ”Both organizations already share a common mission of accelerating learning for all students. By joining forces with McGraw Hill, we foresee a tremendous opportunity to expand our reach and jointly deliver a powerful learning experience to students, whether in a classroom, at home, or in a hybrid environment.” Jacob Kotzubei, Partner at Platinum Equity, said: “The need for supplemental curriculum solutions is greater than ever as our educational system continues to grapple with the impact of the pandemic. The addition of Achieve3000 will further strengthen McGraw Hill’s ability to serve students, educators and administrators around the world.” Luke Myers, Managing Director at Platinum Equity, said: “We are making good on our pledge to help McGraw Hill accelerate its digital transformation, which is especially important in the K-12 segment. Achieve3000 is tightly aligned with McGraw Hill’s strategic priorities, and its scale, track record and suite of digital solutions make it an ideal fit.” Gibson, Dunn & Crutcher LLP is serving as legal advisor to Platinum Equity and McGraw Hill on the acquisition of Achieve3000 and Willkie Farr is providing financing counsel on the transaction. BofA Securities is the lead underwriter for the debt financing. Macquarie Capital is serving as financial advisor to Achieve3000. McGraw Hill McGraw Hill is a learning science company that delivers personalized learning experiences that drive results for students, parents, educators and professionals. We focus on educational equity, affordability and learning success to help learners build better lives. Headquartered in New York City, McGraw Hill has offices across North America, Asia, Australia, Europe, the Middle East and South America, and makes its learning solutions for PreK–12, higher education, professionals and others available in more than 80 languages. Visit us at  mheducation.com  or find us on  Facebook ,  Instagram ,  LinkedIn , or  Twitter . Platinum Equity Founded in 1995 by  Tom Gores , Platinum Equity is a global investment firm with more than $25 billion of assets under management and a  portfolio  of approximately 40 operating companies that serve customers around the world. The firm is currently investing from  Platinum Equity Capital Partners V , a $10 billion global buyout fund, and  Platinum Equity Small Cap Fund , a $1.5 billion buyout fund focused on investment opportunities in the lower middle market. Platinum Equity specializes in mergers, acquisitions and operations – a trademarked strategy it calls M&A&O® – acquiring and operating companies in a broad range of business markets, including manufacturing, distribution, transportation and logistics, equipment rental, metals services, media and entertainment, technology, telecommunications and other industries. Over the past 25 years Platinum Equity has completed more than 300 acquisitions. # # #

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Expert Collections containing Achieve3000

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Achieve3000 is included in 1 Expert Collection, including Education Technology (Edtech).

E

Education Technology (Edtech)

2,269 items

Achieve3000 Patents

Achieve3000 has filed 2 patents.

patents chart

Application Date

Grant Date

Title

Related Topics

Status

2/13/2014

5/16/2017

Social networking services, Readability tests, Educational psychology, Reading (process), Standard motorcycles

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00/00/0000

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Application Date

2/13/2014

00/00/0000

Grant Date

5/16/2017

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Title

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Related Topics

Social networking services, Readability tests, Educational psychology, Reading (process), Standard motorcycles

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