Thursday, October 26, 2000
NEW YORK, October 26, 2000 -- Boxer Learning, an award-winning online education provider, announced today a strategic minority investment by Pearson, the world's largest education publisher and a leader in online learning.
In connection with this investment, Pearson Education will provide Boxer Learning with a valuable distribution partnership. Effective immediately, Boxer Learning's middle and high school mathematics curriculum products will become part of the core offering of CCC NovaNET. CCC NovaNET represents the union of Computer Curriculum Corporation and NovaNET, a recently combined business within NCS Pearson, the leading provider of assessment testing and educational software and learning solutions to K-12 schools. CCC NovaNET and Boxer Learning will work together on an exclusive basis to distribute Boxer Learning's courseware to schools in the United States and abroad. This agreement includes Boxer Learning's flagship Internet-based product BOXERmath.COM as well as its CD-ROM courseware.
"The investment by Pearson Education and our partnership with CCC NovaNET will allow Boxer Learning to dramatically increase distribution of our products," said Bob Block, President and CEO of Boxer Learning, Inc.. "With Pearson Education as our strategic partner, Boxer Learning is positioned to become an industry leader in the emerging global market for online curriculum. We feel that quality will be a key differentiator in this market, as teachers and parents will select products that engage learners and deliver results."
"We are very impressed by the quality of the CCC NovaNET sales force, and we are extremely pleased that they will be representing our products in the market," said Block. "CCC NovaNET has a unique ability to communicate the value of top-quality, results-oriented solutions to schools. This is precisely what Boxer Learning needs to be successful in the next phase of its growth." "Emphasis on math literacy and student performance in standardized math assessments has heightened the demand for instructional courseware in this area. Boxer Learning's award-winning math products provide our teachers and students with additional opportunities for enhanced and accountable instruction," commented Kirt Gardner, President of CCC NovaNET. Founded in 1995, Boxer Learning, Inc. is an Internet Education Company committed to developing superior instructional programming that takes advantage of new and promising technologies. The company creates and distributes high-quality, educational content to schools and homes in the U.S. and abroad.