PLATO Learning purchases UK education company.PLATO Learning, Inc. (Bloomington, MN), a provider of computer-based and e-learning instruction for kindergarten kindergarten [Ger.,=garden of children], system of preschool education. Friedrich Froebel designed (1837) the kindergarten to provide an educational situation less formal than that of the elementary school but one in which children's creative play instincts would be through adult learners Adult learner is a term used to describe any person socially accepted as an adult who is in a learning process, whether it is formal education, informal learning, or corporate-sponsored learning. , has acquired the assets of New Media Holdings Ltd. (London) and its subsidiaries from shareholders for approximately $6.8 million in cash. Depending on certain revenue targets, former New Media shareholders could also receive an additional consideration of up to $1.6 million. Shareholders of New Media were represented in the deal by The van Tulleken Co. (New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of ). New Media has approximately $2 million in assets, including almost $1 million in cash, and is expected to generate revenues of between $4-5 million to PLATO's fiscal year ending Oct. 31, 2004. PLATO said the deal is expected to be neutral for PLATO's earnings per share for the year. New Media had trailing 12 month revenues of about $82 million. Established in 1983, New Media is a publisher of curriculum-focused software for teaching secondary school science and math. The company also provides in-service in-service In-service training adjective Referring to any form of on-the-job training noun In-service training of an employee training for secondary school science and math teachers, and develops educational software and training programs under contract to the UK Education Department. PLATO offers curricula in reading, writing, math, science, social studies, and life and job skills. Its educational software is marketed to K-12 schools, colleges, job training programs, correctional institutions Noun 1. correctional institution - a penal institution maintained by the government detention camp, detention home, detention house, house of detention - an institution where juvenile offenders can be held temporarily (usually under the supervision of a juvenile , military education programs, corporations and individuals. |
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