The Literature Network - PLATO and NetSchools combine for enterprise-wide solution.

PLATO and NetSchools combine for enterprise-wide solution.

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From: Heller Report on Educational Technology Markets
Date: 20020601
Author:

PLATO Learning (Minneapolis, MN) has signed a definitive agreement to acquire NetSchools (Atlanta, GA). PLATO is paying $6 million in cash, 800,000 shares of PLATO Learning stock, and 200,000 warrants for shares of PLATO Learning stock to acquire all the shares of the privately-held NetSchools. The agreement provides for as much as $6 million more, contingent on the NetSchools' product and services revenues generated through October 2004. NetSchools generated revenues of approximately $16.0 million in calendar 2001, of which about $4.0 million was software and services related and ...

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