K12 acquires distance-learning provider
- July 26, 2010
Herndon-based K12 Inc. has acquired KC Distance Learning, a Portland, Ore.-based provider of distance learning programs for middle and high school students.
The $63 million, all-stock acquisition will expand K12’s online course and virtual school products.
KCDL’s products include Aventa Learning, with more than 140 core, elective and Advanced Placement courses; Keystone School, an online private school for middle and high school students; and iQ Academies, which are statewide online public schools for middle and high school students in six states.
In 2009, KCDL reported revenues of $34.7 million, growing 47.1 percent above 2008.
K12 is a technology-based education company that provides curriculum and online education programs for students in kindergarten through high school.