(Photo by Andrew Coy, file)
Hunt Valley-based Calvert Education Services has been acquired by Edmentum, which provides online curriculum and other edtech services.
Drawing on the Baltimore-based Calvert School’s roots providing curriculum for homeschooling that dates back 110 years, Calvert Education Services was spun out as the home for blended learning solutions and a virtual academy for K-8 students that is used by schools. It’s among the companies we often hear among Baltimore’s base of edtech talent. That offering is now known as Calvert Learning, and the company said it has reached more than 600,000 students across this country and in 90 others.
Minneapolis-based Edmentum acquired Calvert Education Services from Camden Partners, the Inner Harbor-based firm which has been a majority shareholder in the business since an investment in 2013.
— edmentum (@edmentum) July 30, 2019
The acquisition pairs Calvert’s offerings, designed to build creative problem solving among other skills, with Edmentum’s courseware. As a result, Calvert’s lesson plans, assessments, progress tracking tools and other digital resources will be available through Edmentum’s EdOptions Academy, which provides schools with access to courseware and certified teachers.
“Calvert’s history as a forerunner in blended learning complements our 60+ year mission of empowering educators through innovation and a deep commitment to new school models,” Edmentum CEO Jamie Candee said in a statement. “As schools evolve their virtual and blended learning offerings, this acquisition fills an important need to support elementary learners in an environment that is most conducive to their learning modality.
Members of the Calvert Learning team will continue with Edmentum, and continue to have a base in Hunt Valley, a spokesperson said.
Terms of the deal, which was announced last week, were not disclosed.
The deal is the latest in a Baltimore edtech community that sees consistent M&A moves. Late last year, Workbench was acquired by Google.
10 Baltimore edtech startups bringing new tools to the classroom and beyond
Founder tips and pitches on a bus: BIW19 shows the road to starting a business
From teachers to techies: Common Curriculum’s team talks about the transition
How independence fuels confidence and professional development at SmartLogic
Power Moves: Frank Bonsal III is leaving TU incubator, returning to venture capital
This Baltimore-built mobile app uses speech recognition tech to teach students to read
Allovue raises $4M, adds to education budget tools
How this lawyer is helping entrepreneurs bark up the right tree
Sign-up for daily news updates from Technical.ly Baltimore