Test-preparation company Kaplan Test Prep has acquired the test-preparation and social learning service of Grockit Inc.
Grockit is a San Francisco-based company that develops social learning applications and technologies. Consumers use the technology to prepare for the SAT, ACT, GMAT, GRE and LSAT. The company will now focus on developing adaptive learning products outside of the test-preparation area and change its name to Learnist.
Learnist has received funding from Atlas Venture, Benchmark Capital, Discovery Communications Inc. Integral Capital Partners, GSV Capital and NewSchools Ventures.
Kaplan, a subsidiary of the Washington Post Co. (NYSE: WPO) provides educational and career services for individuals, schools and businesses. Terms of the deal were not disclosed.
GSV Advisors acted as Grockit’s financial adviser for the deal.
Other recent education deals include McGraw-Hill Education’s acquisition of Aleks Corp., which develops adaptive learning technology, and the company’s deal for a 20 percent stake in Area9 Aps, which also develops adaptive learning programs.
For more, see “With Dealmakers, School is Still in Session.”