Transactions

Mcgraw-Hill Education has acquired Bookette Software

Details:

Sell Side

Segments:

SaaS

Industries:

K-12

Bookette Software, located in Monterey, Calif., specializes in creating software for the development, administration, scoring and reporting of computer-based curriculum assessment. It was founded in 1990 by Dr. Ronald Loiacono using the knowledge and experience he had gained as one of the pioneers in using technology as a way to assist educators to assess and improve learning.

CTB/McGraw-Hill has an 85-year record of innovation and excellence in assessment, and serves more than 18 million students in all 50 states and in 46 countries. One of the first American publishers to introduce objective, standardized achievement tests to schools, today CTB/McGraw-Hill is a leader in testing with recognized products for online formative, adult, and language proficiency assessment. Dedicated to advancing the use of student performance data to inform instructional decision making, CTB/McGraw-Hill’s innovation continues today with technologies that include Web-based assessment and reporting, student response device (clicker) software, and artificial intelligence for automated scoring of student essays. CTB/McGraw-Hill is part of McGraw-Hill Education.

This transaction was completed by members of the Tyton Partners team while working at another firm.