IXL Learning, a developer of learning products, has bought Teachers Pay Teachers, which offers a catalog of educator-created content and tools for digital instruction.
More than 7 million educators, including 85 percent of PK-12 teachers in the U.S., use the service to find teacher-created resources that help them support students. The platform has over 7 million free and paid resources available on its website. TPT is now among the IXL Learning family of brands, which include Rosetta Stone, IXL, Vocabulary.com, SpanishDictionary.com, Inglés.com, ABCYa, Education.com, Wyzant and Emmersion.
“We look forward to redoubling TPT’s efforts toward building a special home for educators centered around expertise, trust and a deep devotion to learners’ success,” comments Paul Mishkin, CEO of IXL Learning.
Evercore served as financial advisor and Latham & Watkins LLP served as legal counsel to IXL Learning. Choate, Hall and Stewart LLP served as legal counsel to Teachers Pay Teachers.