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Promethean Acquires SynapticMash

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Promethean World Plc (LSE:PRW), a world leader in the rapidly growing global market for interactive learning technology, has announced that it has agreed to acquire SynapticMash Inc, a start-up US education formative assessment software company. The acquisition is expected to complete before the end of July 2010.

The initial consideration is $10 million in cash, of which $1 million is deferred for 18 months. A further performance related consideration of $3 million may be payable in 18 months, dependent on retention of key SynapticMash employees and sales targets.

Founded in 2007 and headquartered in Seattle, SynapticMash has developed a sophisticated and modular cloud-based formative assessment platform that is being marketed to US school districts through a subscription model. Its learning management system, LearningQube, transforms the way schools collect and manage classroom data, enabling teachers and administrators to better assess and track student performance.

Formative assessment is the evaluation of student performance instantaneously during the learning process rather than by formal exam typically at the end of a term or school year. It enables teachers to modify lessons during the progression of a course, based on their students’ levels of understanding, leading to differentiated instruction and improved academic achievement.

SynapticMash directly fits Promethean’s education strategy and significantly strengthens Promethean’s formative assessment and learner response systems (LRS) offering. LRS are handheld devices that allow students to contribute in real time during lessons, and enable teachers to instantly gauge student understanding.

SynapticMash’s LearningQube software will be fully integrated with Promethean’s LRS devices and specialised educational software, ActivInspire, to create a new and powerful formative assessment proposition for the education market, enabling teachers as well as school administrators to improve student assessment and performance.

Via EPR Network
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Promethean Launches Test Prep Course

Promethean, a world leader in the rapidly growing global market for interactive learning technology, has launched a new programme to help prepare students for college entrance exams.

Promethean Launches Test Prep Course

Created in collaboration with the Chicago International Charter School (CICS), the Preparing for Standardized Tests program is designed to improve student’s performance on the reading and math sections of the PSAT, ACT, and SAT exams.

The Preparing for Standardized Tests program, a collection of interactive whiteboard (IWB) lessons, engages students in mastering essential college readiness and provides them with advanced test preparation. Students can practice how to answer questions from standardized tests using the guided practice lessons and the innovative interactive whiteboard tools of Promethean’s ActivClassroom. Every week, they will complete two essential skills lessons and answer the corresponding practice questions that are presented in a formal testing format.

“This innovative collection of lessons has been carefully designed to support the development of core college readiness skills using our ActivClassroom technology. We believe students will find these unique interactive lessons helpful when preparing for important college-entrance exams,” commented Brent Taggart, Chief Strategy Officer for Promethean.

Preparing for Standardized Tests extends CICS’ ACT Practice Tests, an earlier series of test preparation courses developed by the school. In creating the new program, CICS licensed its intellectual property from their tests and consulted on the development of the core content of the lessons. In keeping with the mission of CICS to prepare all students with a college preparatory education, this new IWB program fully utilizes the interactive power of ActivInspire software and the ActivExpression learner response systems from Promethean.

Via EPR Network
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Promethean’s Global Distribution Doubled In Three Years

Promethean, a world leader in the rapidly growing global market for interactive educational technology, has announced that, following the installation of its ActivClassroom products in Panama, the total number of countries deploying Promethean technology has reached 100. This is double the number compared to only three years ago and reflects both the pace with which educational systems are introducing interactive learning technology and the rapid global growth of Promethean.

Promethean’s ActivClassroom helps bring learning to life and improve engagement and interaction between teachers and students, thereby helping raise learning standards. The ActivClassroom comprises the interactive whiteboard -ActivBoard, interactive whiteboard tools, Learner Response Systems (ActiVote and ActivExpression) and a suite of specialised teaching software (ActivInspire).

To date, over 500,000 Promethean ActivBoard interactive whiteboards have been purchased by schools, bringing the number of students worldwide now being taught with the aid of Promethean technology to over 12 million. In addition, in 2009 alone, over a million students were introduced to Promethean’s Learner Response Systems, making the Company the largest provider of these systems in the K-12 market during the year*.

Iwan Streichenberger, Chief Marketing Officer of Promethean, commented: “Today’s announcement is a reflection of the speed with which Educational technology is being introduced into classrooms and transforming teaching across the world. Our broad geographical reach means that we are well placed to capitalise on further opportunities in this rapidly growing global market.”

Via EPR Network
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