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

7/6/2015

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.

Read entire article: http://www.ctb.com/ctb.com/control/aboutUsNewsShowAction?newsId=68181&p=aboutUs

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The Literacy Assistance Center (LAC) is a non-profit professional development and technical assistance organization dedicated to building the capacity and improving the quality of adult literacy and out-of-school youth programs. Since 1983, we have been working to strengthen and expand the Basic Education, High School Equivalency, and English for Speakers of Other Languages teachers and programs that serve New York’s most educationally disadvantaged and economically marginalized communities.