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Amazon.com to Acquire TenMarks

Amazon.com, Inc. today announced that it has reached an agreement to acquire TenMarks, a company that offers personalized online math instruction and practice for K-12 students, with hints, video lessons, and real-time results.

“I've used TenMarks for the past two years at Grand View with fourth and fifth grade students to help a diverse group of students achieve in math and take ownership of their own learning,” said Sujata Bhatt, founder of the Incubator School and a National Board Certified teacher who spent 11 years at Grand View Boulevard Elementary in Los Angeles Unified School District. “As we launch the Incubator School this year, we focus on technology that truly activates learning and self-starting. TenMarks’s products are designed to enable both students and teachers to be in the driver's seat by seeing where they're successful and where they need to revisit. TenMarks is an important part of our math plan this year.”

Terms of the acquisition were not disclosed. Subject to various closing conditions, the acquisition is expected to close in the fourth quarter of 2013.

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