Renaissance Learning, a global leader in student-centered, pre-K–12 personalized practice and assessment, has acquired acquire Nearpod, a provider of teacher-facilitated instructional delivery.
“In the past year, seismic shifts have changed education as we know it,” said Chris Bauleke, chief executive officer at Renaissance. “With the rise of COVID-19, this shift crossed a crucial threshold and created a demand for the edtech industry to provide solutions that don’t supplement or replace the teacher, but instead, pave the way for a new way to teach and learn. The combination of Renaissance and Nearpod will empower teachers to drive the full learner experience with a deep set of real-time data, content, and tools to accelerate learning and growth for all students.”
“We’re thrilled to join Renaissance and to support the mission of accelerating learning for all,” said Pep Carrera, chief executive officer at Nearpod. “Connecting Renaissance’s deep insights of over 20 million students to the 1.2 million Nearpod teachers delivers on the full promise of personalizing learning across remote, hybrid, and in-person classrooms.”
UBS Investment Bank served as financial advisor to Nearpod in this transaction. Kirkland & Ellis served as financial advisor to Renaissance.