PCI Education was sold to PRO-ED, Inc. in mid-December 2012. Since then I’ve fielded a lot questions about the sale. This post is an attempt, from my perspective as PCI’s former CEO, to answer the big questions in one place.*
What Is The Rationale For The Deal?
There are several good reasons for combining the operations.
“With the right support and intervention…people with learning disabilities can succeed in school and go on to be successful later in life.” Wikipedia
Last week PCI acquired SpellRead, Momentum Math, Text Connections, Summer Ventures, and an unreleased Algebra program from Kaplan. I don’t normally use this blog to talk about what we are doing specifically at PCI, but given that this is an unorthodox move in these economic times I thought I’d lay out the case for the acquisition.
These intervention programs target reading or math and they fit snugly into our line of products for academically challenged students. They are age appropriate for middle and high school students who are significantly behind grade-level expectations and need intensive, small-group instruction.
The Education Business Blog