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.
Hopefully the stock will keep rising, great to see an education company doing good.
--Timmer77
Jul. 27, 2010 at 03:05 AM
Distance learning has become increasingly popular among colleges and universities. Although it has yet to catch on with the same level of popularity for school children in grades K-12, a number of distance learning K-12 schools have started to gain in popularity as some parents seek alternatives to the public school option. Some parents, unequipped to provide homeschooling to their children, have found distance learning as a more viable option.
--distance learning
Sep. 20, 2010 at 05:00 AM