REED ELSEVIER ACQUIRES SMALL INTEREST IN EDUCATION PUBLISHER.Reed Elsevier (London), parent of recently acquired Harcourt Education Harcourt Education, is a publisher serving the pre-Kindergarten to Grade 12 school, assessment and trade publishing markets in the US and primary and secondary school markets internationally. (Orlando, FL), has made an equity investment of $25 million in Riverdeep Group (Dublin, Ire. & Cambridge, MA), acquiring approximately 1.39 million newly-created ADRs for a 3.84% ownership in the company. Riverdeep is a provider of K-12 e-learning solutions, including courseware Educational software. See CBT and OpenCourseWare. (application) courseware - Programs and data used in Computer-Based Training. and supplemental curricula via the Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the and CD-ROM CD-ROM: see compact disc. CD-ROM in full compact disc read-only memory Type of computer storage medium that is read optically (e.g., by a laser). , assessment and management tools and professional development materials. Also, Harcourt Education and Riverdeep have entered into an alliance to develop interactive online instructional content. The products developed by the alliance will be owned, marketed and distributed by Harcourt and will carry the Harcourt brand. Riverdeep will receive development fees and a net royalty from the sales of the products. The deal closely follows Harcourt's purchase of Classroom Connect, a provider of professional development programs for K-12 teachers. |
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