K12 acquires distance-learning provider

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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.

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