DRC Announces Agreement To Acquire Key Assets of the CTB McGraw-Hill (including TASC)

MINNEAPOLIS, June 30, 2015 — Data Recognition Corporation (DRC), a leading provider of educational assessment services, today announced it has agreed to acquire key assets of the CTB assessment business of McGraw-Hill Education. The move will strengthen DRC's position as a leader in the development and administration of K–12 assessments. It also enables McGraw-Hill Education to focus more squarely on its core mission of improving results for students, educators and professionals by enhancing teaching and learning. The transaction is expected to close today. Its financial terms were not disclosed.

DRC will acquire CTB's statewide custom business and summative shelf assessment products, including TerraNova®, LAS Links®, TABE®, and TASC Test Assessing Secondary Completion™ high school equivalency assessment.

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