Ed Tech Acquisitions
Follett Sells School Solutions Division
Follett Corp. has
sold off its K–12 content and software division to a private
investment firm, Francisco
Partners, which also owns Renaissance Learning, Discovery
Education, Freckle, myON and Mystery Science. The Follett Higher
Education Group will remain a part of Follett Corp.
Follett School Solutions publishes a wide range of software and
content titles, including Follett Destiny, which is used in more than
75,000 schools around the world, as well as Aspen, a student
information system; MyDestiny, which provides access to teacher
resources and eBooks; Classroom Library Manager, a free tool that
helps educators track resources and student reading habits; and a
wide range of textbooks, test prep resources and other classroom
resources.
All of the K–12 team will remain a part of FSS, according to the
companies. Britten Follett will become CEO of FSS Content. Paul Isle,
previously CEO of Discovery Education, will become CEO of FSS
Software.
Terms of the deal were not publicly disclosed.
Further information about Follett School Solutions can be found at
follettlearning.com.