Veronis Suhler Stevenson (VSS) has paid an undisclosed amount to buy Cambium Learning (CL) who provide intervention solutions (services, software and resources) for underperforming K-12 students. The essence of CL’s business is improving the educational outcomes and test scores for students who have difficulties with English and Maths. CL was founded in 2003 in Massachusetts and VSS purchased it from US private equity firm J.H. Whitney & Co. In 2006 CL’s turnover was US$100m (£51m).
www.cambiumlearning.com