Portfolio : Technology

LearnNow

(acquired by Edison Schools, NASDAQ:EDSN)

www.edisonschools.com

 

 

 

LearnNow is a for-profit education management organization ("EMO") based in New York City. LearnNow holds contracts to serve over 6,000 students in the District of Columbia, and over 3,000 students in Minnesota. In March 2001, LearnNow won a very important contract representing a total of 2,350 students in the Chester, Pennsylvania Upland School District. Shortly thereafter, in July 2001, Edison Schools (Nasdaq:EDSN) acquired LearnNow in a stock transaction valued at approximately $30 million.