New Chapter for myON as an Independent Literacy Software Company
(Minneapolis, MN) February 21, 2017 — Capstone, a leading publisher of children’s books and digital reading products and services, announced today that Francisco Partners, a leading technology investment firm, has acquired myON. In conjunction with the transaction, Francisco Partners plans to make a significant growth investment in myON.
Since launching in 2011, myON has established itself as the fastest growing digital literacy company for the K-12 education market. Over 7.5 million students have access to myON throughout 49 states within the United States and 20 countries worldwide. myON students have access to a personalized literacy ecosystem that offers unlimited reading in a curated library of more than 13,000 digital books dynamically matched to each learner’s reading level and interests.
myON earns rave reviews from educators, students, and parents in more than 600 districts across the country and around the world. The company has led major implementations of myON software in some of the country’s largest school districts, including Hillsborough County (Tampa Bay Area), Houston, Miami-Dade County, Clark County (Las Vegas), and the New York City Department of Education. Capstone’s quality titles will continue to power myON’s core content library. In addition, myON offers titles from over 60 premier K-12 publishers and media brands that recognize the power of the myON platform to deliver content to millions of students.
“Schools are increasingly embracing technology to improve learning outcomes, and myON’s digital literacy platform is helping millions of children improve reading skills,” said Jason Brein, Principal at Francisco Partners. “We are excited to partner with myON as it continues to deliver on this important mission.”
“myON is a great example of Capstone’s 25-year track record of innovation in educational publishing. myON has had a significant impact in the education market over the last several years and with this acquisition they are poised to continue their success. This sale allows Capstone to focus, to continue to innovate and to invest in the areas the business has always been most passionate about: creating rich content experiences, both print and digital,” said Tom Ahern, Capstone CEO.
“myON has grown at an extraordinary rate with the support of our former parent company, Capstone. We were able to leverage great content, people, and infrastructure to bring an award-winning personalized literacy solution to the market. In six short years, we have achieved unparalleled growth, and our new relationship with Francisco Partners should accelerate that trajectory even further,” said Todd Brekhus, President of myON. “Our mission has not changed. We are committed to ensuring that every child has access to books to instill a love of reading and learning.”
Wells Fargo Securities served as exclusive financial advisor and Stinson Leonard Street LLP as legal advisor to Capstone. Tyton Partners served as financial advisor and Kirkland & Ellis LLP as legal advisor to Francisco Partners.
myON has created a personalized digital literacy environment that transforms learning. myON expands the classroom for teachers and students by providing unlimited access to the largest collection of more than 13,000 enhanced digital books with multimedia supports, real-time assessments, and a growing Literacy Toolkit that enhances the myON literacy ecosystem. myON empowers students and teachers with real-time, actionable data—number and type of books opened and read, time spent reading, results of regular benchmark assessments, and more—based on embedded Lexile® assessments that measure student reading and writing growth. With myON, every student experiences the benefits of personalized literacy instruction to propel them to new and unlimited learning opportunities. For more information, visit http://about.myon.com.
Capstone is a leading publisher of children’s books, digital solutions and services, literacy programs, and K–12 professional development resources. Capstone creates content and interactive experiences in a variety of print, digital and blended media formats for school libraries, classrooms, and at home reading including the award-winning PebbleGo and PebbleGo Next research databases for elementary schools. For more information, visit www.myCapstone.com.
About Francisco Partners
Francisco Partners is a global private equity firm that specializes in investments in technology companies. Since its launch over a decade ago, FP has raised over $10 billion and invested in more than 150 technology companies, making it one of the most active investors in the industry. The firm invests at all stages of business growth, where the firm’s deep sub-sector knowledge and operational expertise can help a company realize its full potential.
Houghton Mifflin Harcourt Launches Next Generation Social Studies Program for Grades K-6 to Inspire Connections Between Students and their World
HMH Kids Discover Social Studies provides easily digestible content in a student-friendly magazine-style format that brings history and geography to life
BOSTON – Feb. 21, 2017 – Global learning company Houghton Mifflin Harcourt (HMH) today announced the release of HMH Kids Discover Social Studies ©2018, its social studies curricula for grades K – 6. The standards-based program includes a wide array of history and geography materials that develop active inquiry skills among elementary students. Presented in a student-friendly magazine-style format, HMH Kids Discover Social Studies combines hands-on lessons with digital assets that allow students to experience content in a fun, bold and engaging manner.
Built in partnership with Kids Discover, a leading provider of dynamic, engaging Science and Social Studies curriculum, this next generation curricula series supports both ELA and Social Studies requirements for reading, critical thinking and skills support so teachers can confidently implement cross-curricular instruction while preparing students for college, career and beyond.
“As our new generation of informed citizens, it’s critical that elementary students develop active analytical skills early on in their lives,” said Mary Cullinane, Executive Vice President and Chief Content Officer, Houghton Mifflin Harcourt. “This innovative core program takes a new approach by providing teachers the opportunity to foster inquiry among young learners and help them establish meaningful connections with the world around them through immersive learning experiences.”
Key HMH Kids Discover Social Studies components that inspire curiosity and cultivate analytical skills for students include:
- Integrated Activities and Projects:Intellectually challenging questions and access to primary sources frame the teaching and learning inquiry path, providing students with the experience to think and act like historians;
- Streamlined Student Magazines:Engaging bite-sized informational text, containing captivating photography, illustrations and facts that bring history and geography to life;
- Online Student Center:Digital access to Student Magazines with full audio support in English and Spanish;
- Educator Support:Print Teacher Guides, the Online Teacher Center and Professional Learning Services that give educators the necessary support and scaffolding to enable student success.
“Today’s learners are hungrier than ever for material that will tap into their innate curiosity,” said Ted Levine, President and CEO, Kids Discover. “Educators are eager to provide learning experiences that will engage and excite. This program delivers on both fronts.”
HMH Kids Discover Social Studies is available via Ed: Your Friend in Learning, the online learning system that personalizes the teaching and learning experience for teachers and students by combining the best technology, HMH content and instruction. Both digital and print versions of HMH Kids Discover Social Studies will be available for the 2017-18 school year. For more information or to sign up for a free trial, please visit hmhco.com/kids-discover-social-studies.
About Houghton Mifflin Harcourt
Houghton Mifflin Harcourt (NASDAQ:HMHC) is a global learning company dedicated to changing people’s lives by fostering passionate, curious learners. As a leading provider of pre-K–12 education content, services, and cutting-edge technology solutions across a variety of media, HMH enables learning in a changing landscape. HMH is uniquely positioned to create engaging and effective educational content and experiences from early childhood to beyond the classroom. HMH serves more than 50 million students in over 150 countries worldwide, while its award-winning children’s books, novels, non-fiction, and reference titles are enjoyed by readers throughout the world. For more information, visit www.hmhco.com.
About Kids Discover
For more than 25 years, Kids Discover has been creating beautifully crafted nonfiction products for kids. With a specialty in science and social studies, the team of talented writers, award-winning designers and illustrators, and subject experts from leading institutions is committed to a single mission: to get children excited about reading and learning. For information, please visitkidsdiscover.com.