Late Breaks...PLATO Learning Inc.
PLATO Learning Inc. has finalized its acquisition of TeachMaster Technologies Inc., a research-based educational software development and consulting services firm specializing in the implementation of cross-platform, standards-based educational solutions for K-12 school districts. PLATO is acquiring all the shares of privately-held TeachMaster for $1.5 million in cash, 18,327 shares of PLATO stock and an additional consideration not to exceed $750,000. The additional consideration will be paid only upon TeachMaster achieving its fiscal years 2002 and 2003 revenue and operating profit targets. For more information about PLATO, visit www.plato.com.
This article originally appeared in the 11/01/2001 issue of THE Journal.