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Scholastic Selling Their Education Technology Division

21 MAY 2015
Career Path : Education News

Education news

A staple of many North American schools is the Scholastic book fair, with shelves upon shelves of books just waiting to be read. The prominent children’s book publisher recently stated that though they’ve made great forays in education technology, they will be selling their EdTech business to Houghton Mifflin, another American publisher. The EdTech business accounted for 14% of all Scholastic sales, with those numbers rising in recent years.

The decision to leave the education technology business right in its peak is an interesting one, but Scholastic has said that they would like to turn their focus back to publishing children’s books. According to CEO Richard Robinson, education technology required a far different production development model than publishing.

Scholastic is known for publishing the Harry Potter series, The Hunger Games and the much beloved Goosebumps series.

Source: Reuters