Industry News Owner Acquires Online Tutoring Service,

Online tutoring company has a new owner. IAC, the Barry Diller organization that owns,,, Newsweek and The Daily Beast, and Vimeo, among other well-known online brands, acquired for an undisclosed amount of money.

The tutoring company was founded in 1998 and currently claims 2,500 "screened and qualified tutors" to deliver one-to-one sessions to students. Its focus on K-12 has expanded into college and career topics.

" has done the hard part, having built over many years an incredible nationwide network of high quality tutors ready to help students improve their learning," said Greg Blatt, IAC's CEO. "We think it's ripe for us to accelerate usage by bringing to bear our consumer Internet expertise in areas like product, marketing and distribution. It's not often we find a company with such untapped potential that our particular skill set can help unlock, in an area that truly helps people improve their lives, all at a compelling valuation. Although it's small, we're excited about this acquisition."

The buyer said George Cigale would remain as CEO of

About the Author

Dian Schaffhauser is a former senior contributing editor for 1105 Media's education publications THE Journal, Campus Technology and Spaces4Learning.