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News Corp sells Amplify Digital education biz
MUMBAI: News Corp has sold its Amplify Insight and Learning businesses to a management team supported by a group of private investors. Financial terms of the transaction were not disclosed.
As a result of the sale, beginning in the first quarter of fiscal 2016, News Corp will reflect the results of its Digital Education segment as discontinued operations.
News Corp CEO Robert Thomson said, “We are extremely proud of the crucial work that the Amplify team has done to create a digital platform for the future. It is tragic that so many children are digitally literate but functionally illiterate, and it has been the cherished vision of all at Amplify to ensure that students, regardless of their background, have access to a contemporary curriculum delivered on a contemporary platform. There is no doubt that the foundations laid by the creative team at Amplify will be profoundly influential in coming years as both curriculum and classroom evolve. All who have been involved in the Amplify business at News Corp should be conscious of their contribution to education in the US and beyond.”
Amplify was founded in 2011 and is a provider of educational analytics and assessments. To date, Amplify has supported more than 200,000 educators and three million students in all 50 states, empowering teachers to offer more personalised instruction, so that students become more active, engaged learners.
Amplify’s digital curriculum targets K-12 reading, math and science, using immersive and rigorous learning experiences and a comprehensive portfolio of educational games.
As previously announced, Amplify has ceased marketing tablets to new customers, and support will continue to be provided to existing tablet customers.