IXL Learning Agrees to Acquire 3P Learning
SAN MATEO, Calif., Aug. 13, 2020 /PRNewswire/ -- IXL Learning, the K-12 personalized learning platform used by 10 million students worldwide, today announced it has agreed to acquire 3P Learning, a global leader in online education based in North Sydney, Australia. With the addition of 3P Learning, IXL aims to broaden its product portfolio and international footprint in the educational technology space.
3P Learning has been at the forefront of innovation in education for almost two decades, serving around 5 million students in 17,000 schools worldwide. Founded in 2004, the company offers a robust suite of learning products for schools and families, covering math, literacy and science.
3P Learning's principal offering is Mathletics, an award-winning program used by nearly 3 million students and 200,000 teachers around the world. Built on standards-aligned content and designed by a team of experienced educators, Mathletics reinforces learners' math skills through fun practice activities, problem-solving and reasoning questions, and attention-grabbing games. Students across the globe can even compete with each other in Live Mathletics, where they test the speed and accuracy of their math fluency in real time.
3P Learning provides other outstanding products across math and literacy, including Readiwriter Spelling and Reading Eggs, that empower educators and accelerate student achievement across multiple academic disciplines:
"3P Learning and IXL have a shared vision of helping educators and students boost academic outcomes," said Rebekah O'Flaherty, CEO of 3P Learning. "By joining forces with IXL, we will continue to shape the future of education and bring joy and learning into homes and classrooms everywhere."
With the expected addition of 3P Learning, IXL marks its fourth acquisition in three years. In March 2020, IXL integrated Vocabulary.com, the leading educational destination for improving literacy through vocabulary building. In 2019, IXL completed the acquisition of Education.com, an online learning resource serving 23 million teachers and parents. ABCya, the creator of more than 400 educational computer games and apps for kids, joined the IXL family in 2018.
The acquisition was unanimously approved by 3P Learning's board of directors and is expected to close in Q4 2020, subject to customary closing conditions including shareholder approval.
Founded in 1998, IXL Learning's flagship product is IXL, a personalized learning platform designed to help every student become a strong, confident learner. Featuring a comprehensive K-12 curriculum, the IXL Real-Time Diagnostic, personalized guidance and actionable Analytics, IXL is proven to improve learning outcomes.
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