Technology acquisition plus innovative school design transform education company
On June 30, 2008, Company President and CEO Terry Stecz, announced the acquisition of the education software company Provost Systems®, based in Santa Clara, Calif. With this action, the education management company, formally known as Edison Schools, extends its client base serving over 350,000 children in 21 states and the United Kingdom and inaugurates a new company approach to teaching and learning for all children.
The technology purchase comes after a two-year, full-scale strategic and operational transformation of the education management company. “This purchase is the first in a series of acquisitions and partnerships that will lead to a portfolio of the most comprehensive online achievement management solutions to improve learning for all children,” said Stecz, CEO of the company since January, 2007. “The acquisition and our new school design led to the re-invention of the company as EdisonLearning™,” said Stecz.
“Too many students are being taught in classes very much like the ones their parents and even grandparents attended, not benefiting fully from new research, technology and advances in education. Today, we can provide Internet-based solutions that will accelerate the learning curve for all children and connect them in new and engaging ways with their teachers and communities.” Stecz said. “It’s important that we work in partnership with public educators to use path-breaking technology and ideas to open the classroom to the world and accelerate learning for the 21st Century, not only for those who can afford it, but for all children.”