Houghton Mifflin Harcourt Acquires SchoolChapters Inc.
Acquisition of market-leading ePortfolio company represents latest investment in cloud-based technologies that are supporting cutting-edge digital learning solutions
Jul 01, 2014
BOSTON – Global education leader Houghton Mifflin Harcourt (HMH) today announced the acquisition of SchoolChapters, Inc., an educational solutions provider dedicated to standards-based education quality management, accreditation services and community-based resources for educators and learners. The acquisition is the result of a successful partnership developed since HMH invested in SchoolChapters in April 2013.
SchoolChapters allows both educators and students of all ages to document, record, and share learning artifacts and experiences, showcase knowledge and achievements, and align these portfolios to educational standards across the pre-K-12 and college spectrum. The standards-based solution enables seamless integration with other K-12 digital platforms, including leading learning management systems, enabling the collection of assets over time and across classrooms, schools, districts and learning environments.
“We believe in the power of technology to transform the learning experience and drive teacher effectiveness and student success,” said Brook Colangelo, Executive Vice President and Chief Technology Officer, HMH. “This acquisition represents a further investment in leading-edge technologies that place the needs of learners and educators at the center, and signals our unwavering commitment to digital solutions that drive improved student outcomes.”
SchoolChapters’ digital, user-centered platform allows users to capture and upload photos, videos, and documents at school, at home or in the field. SchoolChapters’ technology also allows users to organize curricula, demonstrate competencies, track progress, and collect data for credentials, assessment, accreditation, parent communication, continuous improvement and employment.
“HMH and SchoolChapters share a commitment to the importance of lifelong learning and a belief in the role of technology in improving the teaching and learning experience. And over the last year, the points of synergy between our two companies have grown even further," added Claudia Reuter, CEO of SchoolChapters. “We are delighted to formally join HMH and look forward to continuing to work together to drive teacher and student success."
SchoolChapters and its employees will continue to be based in West Hartford, CT.
About Houghton Mifflin Harcourt
Houghton Mifflin Harcourt (NASDAQ:HMHC) is a global learning company with the mission of changing people’s lives by fostering passionate, curious learners. Among the world’s largest providers of pre-K–12 education solutions and one of its longest-established publishing houses, HMH combines cutting-edge research, editorial excellence and technological innovation to improve teaching and learning environments and solve complex literacy and education challenges. HMH’s interactive, results-driven education solutions are utilized by more than 50 million students in over 150 countries, and its renowned and awarded novels, non-fiction, children's books and reference works are enjoyed by readers throughout the world. For more information, visit www.hmhco.com
About SchoolChapters, Inc.
SchoolChapters, Inc. delivers innovative solutions for education and life. SchoolChapters' solutions allow users in programs ranging from preschools to higher education to collect, share, reflect and showcase their knowledge and achievements through outcomes-based portfolios, with the mission of providing continuous improvement during processes including accreditation, assessment, professional development, and credentialing. SchoolChapters, Inc. is headquartered in West Hartford, CT. For more information, visit www.schoolchapters.com.
Forward Looking Statements
This news release may contain certain statements that are not historical facts, including information regarding our intentions, beliefs or current expectations concerning, among other things, our results of operations, financial condition, liquidity, prospects, growth, strategies, the industry in which we operate and potential business decisions. Those statements constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause our actual results to differ materially from the results expressed in or implied by our forward-looking statements, including, but not limited to, changes in state and local education funding and/or related programs, legislation and procurement processes; adverse or worsening economic trends or the continuation of current economic conditions; changes in consumer demand for, and acceptance of, our products; industry cycles and trends; conditions and/or changes in the publishing industry; and other factors discussed in our news releases, public statements and/or filings with the U.S. Securities and Exchange Commission, including our most recent Annual and Quarterly Reports on Form 10-K and Form 10-Q. We undertake no obligation, and do not expect, to publicly update or publicly revise any forward-looking statement, whether as a result of new information, future events or otherwise.