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ACQUIRED COMPANY
  
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Academic Systems  Acquired by Lightspan Partnership (1999 $ 53,300,000)
401 Warren Street 2nd Floor
 Redwood City, CA 94063
 USA
 (650)-694-6850
Website Company Summary Management Team
Management
Board
Outside board: (May no longer be on the board) Jim Breyer (Accel) ;  John Grayer (Kaplan Education Centers);  John Kernan (Lightspan Partnershp);  Amar Nehru (Microsoft);  William Perry (U.S. Secretary of Defense);  Dave Schaffer (Jostens CEO)
Company
Business description: Academic Systems Corporation, the secondary and higher education division of Lightspan, Inc. (NASDAQ:LSPN), has focused on meeting the needs of instructors and students since it was founded in 1992. The company’s interactive, multimedia instructional programs, Interactive Mathematics for secondary and higher education students, and Interactive English for college students, offer an enhanced learning environment in developmental and entry-level courses. In addition, academic.com, Academic Systems' Web-based product, offers a comprehensive online content library for targeted skill development across many disciplines. Created in concert with educators, Academic Systems’ networked courses have demonstrated increases in learning and achievement; the programs have been used by more than 350,000 students.
Customers include: Calif State University system;  Dallas County Community College District;  Missouri Statewide Initiative;  St. Petersberg Junior College
Partners include: Blackboard;  Blackboard;  Microsoft;  Mobius Venture Capital;  Thinkwell;  Cogita Learning Media;  Compass Learning;  Smarthinking
Capital
Rounds: 6
Capital raised: 43.2M
Ownership: Acquired by Lightspan Partnership (1999 $ 53,300,000)
Angels/other VCs: Jon Greyer (Kalpana);  John Kernan (Lifhtspan);  Amar Nehru (Microsoft)
Corporate investors: Microsoft;  Jostens;  Washington Post

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Last Mentions

Overview
Sector: Semiconductor Equipment
Year Founded: 1992
Headcount: 76-100 as of Apr 1999
Rounds: 6
Capital Raised: 43.2M
Ownership: Acquired by Lightspan Partnership (1999 $ 53,300,000)
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