Plato Learning Buys Virginia-based Educational Co.
Plato Learning, which recently lost a bidding war for a Wisconsin-based educational software company, announced Wednesday that it has acquired Falls Church, Virginia-based educational technology firm Educational Options, Inc. (EdOptions).
Financial terms of the acquisition were not disclosed.
Bloomington-based Plato, which offers online educational tools to kindergarteners through adult learners, said the acquisition will help the company expand its offerings.
EdOptions is a family-owned business that provides schools with online teaching platforms and courses that focus on students who are struggling.
“EdOptions' commitment to providing secondary online courses for students in need of credit recovery, acceleration, and alternative learning options fits with our mission to provide inspired solutions for teaching and learning,” Vin Riera, Plato's CEO, said in a statement. “This acquisition . . . positions the combined companies as powerful partners to better meet our customers' wide array of program needs.”
The announcement comes less than a month after Plato lost a bidding war to acquire Renaissance Learning, Inc., a Wisconsin Rapids, Wisconsin-based educational software company. After Plato made several offers for Renaissance, the highest of which was valued at $496 million, Renaissance's shareholders in October instead accepted a $455 million offer from European private equity firm Permira Funds.
Plato Learning was acquired in May 2010 by Thoma Bravo, LLC, a private equity firm with offices in San Francisco and Chicago.