-- Technology -- Student response systems, interactive whiteboards,
mobile teacher slates and teacher panels;
-- Software -- ExamView® Assessment Suite, CPS, Interwrite
Workspace™, Interwrite Response and REAP; and
-- Content -- Over 5 million publisher textbook questions available
through ExamView, Learning Series proprietary questions aligned to state
standards, and Interwrite learning objects.
Darrell Ward, eInstruction's founder, will remain as chief executive
officer and Steve Kaye, Interwrite's co-president and chief operating
officer, will become president. eInstruction is a portfolio company of
Leeds Equity Partners, LLC, a New York based private equity firm.
"Our goal is to deliver solutions that improve student outcomes, increase
the effectiveness and efficiency of instructors and provide greater
information for use by instructors, administrators and parents," said Ward.
"We took an important step in achieving that goal in 2006 when we acquired
the ExamView test generating software and the ExamView Learning Series item
banks, which work in concert with our technology and software solutions.
Now we will take another significant step by combining with Interwrite
Learning."
"Our solutions allow instructors and schools to maximize the educational
value they can achieve from an interactive classroom," said Kaye.
"Educators can utilize content, such as digital lesson plans and questions
aligned to state standards, to provide formative instruction while being
more efficient. Our customers can look forward to continuity on all our
current products and the benefits that we will soon deliver as we
seamlessly integrate our best-of-breed portfolio."
"Palm Beach County Schools use products from both Interwrite Learning and
eInstruction," said Danny Brisson, technology coordinator for Forest Hill
High School. "Taken individually, they are great products. But it is really
exciting when I anticipate how students, educators, and administrators will
benefit from the integration of these leading platforms and the development
of new products."
The acquisition is expected to be completed in December 2007. eInstruction
was represented by Goodwin Procter LLP while Interwrite was represented by
Pillsbury Winthrop Shaw Pittman LLP and advised by Berkery, Noyes & Co.,
LLC.
About eInstruction®
eInstruction pioneered the first student response system for the education
market during the 1980s. Its Classroom Performance System (CPS) provides
instructors and students with real-time feedback on comprehension during
instruction. Today CPS remains the leading student response system in
education, being used with over 1.5 million students in more than 60,000
K-12 classrooms and over 400,000 students in more than 400 colleges and
universities.
In 2006, eInstruction acquired FSCreations and integrated its ExamView®
and Learning Series software and content platforms so instructors can
seamlessly use publisher and proprietary question banks in lesson plans,
quizzes and tests with eInstruction technology. The result is an integrated
system for instruction and assessment with real-time feedback.
eInstruction. www.einstruction.com
About Interwrite Learning™
Interwrite Learning traces its roots to the development of high performance
digitizers for use in construction and estimating markets in the 1970s.
Interwrite later applied the basic principles of that technology to its
first electromagnetic interactive whiteboard to provide interactive
solutions to the education market.
Interwrite developed and later patented the first mobile teacher slate for
education and continues to be the leader in that product category.
Interwrite's education portfolio also includes its PRS student response
system, award-winning instructional software Interwrite Workspace™ and
interactive learning objects. Today, Interwrite Learning offers its
education solutions in 40 languages with 250,000 systems operating in
classrooms worldwide.
Interwrite Learning. www.interwritelearning.com
About Leeds Equity Partners
Leeds Equity Partners, LLC is a New York-based private equity firm that
manages the largest private equity fund in the United States solely focused
on investments in the education, training and information and business
services industries.
Leeds Equity Partners. www.leedsequity.com
Contact Information: Contact: Meaghan Shields meaghan@dbcpr.com 202-298-7600