APEX LEARNING, a provider of online courses for middle- and high-school students, has been acquired by private equity firm, Education Growth Partners. Terms of the deal were not disclosed.
Founded in 1997 by Microsoft co-founder Paul Allen, Apex Learning offers a comprehensive online library of remedial, core, test prep and Advanced Placement courses used in schools and at homes. These courses are that are available on a subscription basis. More than 3 million students were enrolled in one of its offerings during the 2016-2017 school year, according to the press release.
The longstanding Seattle-based company has raised more than $40 million from the likes of Warburg Pincus, Maveron Equity Partners, Vulcan Ventures and Kaplan. Apex has previously acquired two companies—Beyond Books in 2002 and Boxer Math in 2003.
