Carnegie Learning Acquires Scientific Learning Corp. in $15 Million Deal

Mergers and Acquisitions

Carnegie Learning Acquires Scientific Learning Corp. in $15 Million Deal

Sep 15, 2020

Carnegie Learning, a Pittsburgh-based provider of print and digital educational materials for math and computer science, has acquired Scientific Learning Corp. in an all-cash deal worth approximately $15 million. According to the announcement, a portion of that amount has been set aside to cover approximately $7 million in debt held by Scientific Learning, along with other transaction-related expenses.

Based in Oakland, Calif., Scientific Learning is best known for Fast Forward, an online K-12 reading and language program informed by neuroscience research. The company says its offerings have been used by more than 3 million students in over 2,300 schools in the U.S and Canada.

Carnegie Learning, founded in 1998, traces its roots to adaptive learning research done at its namesake university, Carnegie Mellon University. In 2018, Carnegie Learning was acquired by private equity firm CIP Capital and merged with other educational assets all under the Carnegie brand. Today, Carnegie is best known for its middle-school math curriculum, MATHia, along with its computer education program Zulama and language-learning service EMC School.

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