Cambium Learning Group

Founded in 2003, Cambium Learning Group provides supplemental K-12 EdTech through a portfolio of businesses: Cambium Assessment (an online testing tool for K-12 state standards acquired by Cambium in 2020), Lexia Learning (a language and literacy acquisition technology developed in 1984 that was acquired by Rosetta Stone in 2013 and joined the Cambium Group in 2020), Learning A-Z (a K-6 literacy learning product founded in 2000 and joined the Cambium Group in 2009), Voyager Sopris Learning (a provider of professional learning, intervention, and assessment solutions formed in 2011 following the acquisitions of Sopris West in 2004 and Voyager Expanded Learning in 2009), ExploreLearning (a provider of simulations for K-12 STEM education founded in 1999 and joined the Cambium Group in 2009), Time4Learning (an online preK-12 homeschooling curriculum founded in 2003 and acquired by Cambium in 2018), and Kurzweil Education (an assistive technology platform founded in 1975 and acquired by Cambium in 2005).

ExploreLearning’s online programs include Gizmos (interactive math and science simulations for grades 3-12), Reflex (a system for mastering basic math facts in addition, subtraction, multiplication, and division), Frax (an adaptive and game-based solution to learn fractions launched in 2021), and Science4Us (a science curriculum providing foundational skills for K-2 students).

In July 2021, Learning A-Z partnered with the NWEA, a US-based not-for-profit that creates assessment solutions for K-12 students, providing users access to NWEA MAP Growth assessment data through its Raz-Plus K-5 literacy solution.

The company was listed on the NASDAQ in 2009, and was acquired by private equity firm Veritas Capital in 2018. As of November 2021, the company served more than 20 million students across more than 170 countries.

In August 2021, the company secured USD 2.2 billion in debt financing led by the Blackstone Group. The company will use the funds to refinance its existing debt of USD 1.3 billion as part of its recapitalization efforts. Reportedly, this also includes USD 500 million of privately-placed debt.

In April 2022, the company appointed Ashley Andersen Zantop as CEO and Chairman.