McGraw-Hill Education to Acquire Adaptive Software Maker
McGraw-Hill Education plans to acquire adaptive learning software maker ALEKS. The software maker and the publishing giant have worked together over the past decade on math courseware for McGraw-Hill. ALEKS also has a standalone product, which McGraw-Hill said it will continue to offer in the "near term."
The acquisition marks McGraw-Hill's first since it was acquired by private equity firm Apollo Global Management. ALEKS is one of a number of companies trying to figure out how to make education software respond to and aid students.