Renaissance Learning Buys Freckle Education to Expand Math Offerings
Renaissance Learning, an education software company has acquired Freckle Education. Freckle Education is a San Francisco based edtech company that offers online exercises and assessments for math, English language arts, social studies and science. Currently, Freckle Education has more than 700,000 teachers and 10 million students on their platform. This platform has been adopted in more than 75,000 schools across the globe. Company’s CEO, Sidharth Kakkar has informed the media that the company is not profitable yet but close to break even. The acquisition terms have not been disclosed yet. Renaissance Learning is based in Wisconsin claims that more than one-third of schools in U.S. use their product in more than 90 countries. With the acquisition of Freckle Education, the company is planning to invest in overseas market and make their product more reliable.