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Turning Technologies Acquires eInstruction
YOUNGSTOWN, Ohio -- Turning Technologies and eInstruction announced today that the companies have completed a process where Turning Technologies has acquired eInstruction in a transaction that executives say will give the combined company "the majority market share across all major industry segments.
eInstruction develops educational technology, including classroom instruction systems, student response systems, interactive whiteboards and assessment software that complement Turning’s existing product portfolio which enhances learning and presentation environments. The acquisition will further Turning Technologies’ market position in the response system industry, providing a greater depth of products and technologies to more market segments.
Terms of the acquisition were not disclosed.
“eInstruction is a recognized leader in providing great solutions into the educational marketplace," said the CEO of Turning Technologies, Mike Broderick, in a statement scheduled for release at 2 p.m. "Over the last 30 years, they have built a strong portfolio of products and an excellent reputation for innovation with the global K-12 marketplace. Our companies share a deep-seated commitment to the creation of technology that enriches the educational experience and when coupled with good pedagogy, effects educational outcomes in positive ways. We believe that with the addition of eInstruction to our existing business, we will create a strong, stable platform to launch new, cutting-edge products and allow our enhanced businesses to continue to innovate and providing leading audience response solutions across all markets."
Broderick said the acquisition, which brings today "a large and extremely talented team ... [positions] the combined organization as a leader in the educational technology marketplace."
Turning will increase its brand strength with the integration of eInstruction’s proprietary products, including the award-winning Insight 360™ classroom instruction system, ExamView® assessment software and Mobi™ interactive whiteboards, Broderick continued. It is expected the integration among the product sets will provide significant value to customers through purposeful innovation and improved economies of scale. The integration of these two companies will help Turning Technologies continue to diversify its customer-driven solutions, accelerate strategic growth and further differentiate the company from other industry providers.
“Over the last 18 months, eInstruction has significantly transformed its business and developed a suite of compelling new solutions for the global K-12 marketplace," said Rich Fennessy, CEO of eInstruction. This includes the introduction of its Insight 360 classroom instruction system deployed in more than 8,000 classrooms across the U.S., delivering significant improvements in student engagement and performance. "Now as a result of bringing together the expertise of the combined organizations, the innovation and momentum will only accelerate, which will mean great things for our collective education customers,” he said.
Published by The Business Journal, Youngstown, Ohio.
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