K12 Inc. Acquires Online Instruction Provider, LTS Education System for $20 Million

LTS EDUCATION SYSTEM: Acquired by K12 Inc. for approximately $20 million in cash, as reported by the company during its fiscal Q3 2016 earnings report. Founded in 2001, LTS offers an online, gamified instructional service, Stride Academy, for PreK to high school students and is used in 1,500 schools across 37 states. The company also offers online programs to teach sportsmanship and anti-cyberbullying. K12 CEO Stuart Udell added on the earnings call that LTS currently generates $8 million in revenues and will complement K12 Inc’s own online curriculum program, FuelEd. (Hat tip to EdWeek for the catch.)

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