SOURCE: eInstruction

January 07, 2008 12:11 ET

eInstruction® Finalizes Acquisition of Interwrite Learning™

Merger Provides Education Market Best-of-Breed Classroom Instruction and Response Technology With Robust Content and Software Offerings

DENTON, TX and COLUMBIA, MD--(Marketwire - January 7, 2008) - eInstruction and Interwrite Learning™, both leading providers of interactive instructional and assessment technology, today announced the completion of eInstruction's purchase of Interwrite Learning. The merger opens a wealth of opportunities to best serve the K-12 and higher education markets worldwide by building on the significant impact of both companies' leading technology solutions. The intention to merge was first announced December 4, 2007.

"During this transition, we remain committed to our mission of enhancing learning through innovation and will continue to support both product lines," said Darrell Ward, CEO of eInstruction. "We are also working closely with our customers to ensure that we integrate our products, communities and resources to best meet their needs and enhance teaching and learning."

Together, the combined companies will provide a powerful advantage for the education community by offering:

--  New integrated technology solutions aimed at increasing student
    engagement and outcomes;
--  An expanded K-20 global community of users to collaborate and share
    best practices;
--  Exceptional customer support and training resources.
    

Nearly two million students in over 60,000 classrooms use eInstruction's software and hardware products across the country. Interwrite Learning offers a wide range of interactive solutions with 250,000 systems in use in classrooms in over more than 100 countries. The company also has a strong presence in the higher education market.

The agreement includes the acquisition of GTCO CalComp, a subsidiary of Interwrite Learning. The combined company will be headquartered in Denton, Texas, with offices located in Columbia, MD, Scottsdale, AZ, Cincinnati, OH and Paris, France.

eInstruction was represented by Goodwin Procter LLP while Interwrite Learning was represented by Pillsbury Winthrop Shaw Pittman LLP and advised by Berkery, Noyes & Co., LLC during the acquisition. Terms of the transaction were not disclosed.

About eInstruction®

eInstruction pioneered the first student response system for the education market during the 1980s. Its Classroom Performance System (CPS) provides instructors and students with real-time feedback on comprehension during instruction. Today CPS remains the leading student response system in education, being used with over 1.5 million students in more than 60,000 K-12 classrooms and over 400,000 students in more than 400 colleges and universities.

In 2006, eInstruction acquired FSCreations and integrated its ExamView® and Learning Series software and content platforms so instructors can seamlessly use publisher and proprietary question banks in lesson plans, quizzes and tests with eInstruction technology. The result is an integrated system for instruction and assessment with real-time feedback.

eInstruction. www.einstruction.com

About Interwrite Learning™

Interwrite Learning traces its roots to the development of high performance digitizers for use in construction and estimating markets in the 1970s. Interwrite later applied the basic principles of that technology to its first electromagnetic interactive whiteboard to provide interactive solutions to the education market.

Interwrite developed and later patented the first mobile teacher slate for education and continues to be the leader in that product category. Interwrite's education portfolio also includes its PRS student response system, award-winning instructional software Interwrite Workspace™ and interactive learning objects. Today, Interwrite Learning offers its education solutions in 40 languages with 250,000 systems operating in classrooms worldwide.

Interwrite Learning. www.interwritelearning.com

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