Seattle-based reading-education software company Headsprout, which has been around for about a dozen years, has been acquired by Cambridge, MA-based DYMO/Mimio. The deal closed earlier this month but was announced Tuesday. Terms weren’t disclosed. Headsprout’s management team, led by President and CEO Dave Anderson, is in line to continue overseeing Headsprout after the acquisition. DYMO/Mimio is owned by the same parent company that makes Rubbermaid and other consumer products. TechFlash reports that Headsprout had raised about $19 million in venture financing from investors such as Kaplan, the education and profit arm of The Washington Post Co. Anderson told GeekWire that the company’s roughly 65 employees all got offer letters.
Author: Curt Woodward
Curt covered technology and innovation in the Boston area for Xconomy. He previously worked in Xconomy’s Seattle bureau and continued some coverage of Seattle-area tech companies, including Amazon and Microsoft.
Curt joined Xconomy in February 2011 after nearly nine years with The Associated Press, the world's largest news organization. He worked in three states and covered a wide variety of beats for the AP, including business, law, politics, government, and general mayhem.
A native Washingtonian, Curt earned a bachelor's degree in journalism from Western Washington University in Bellingham, WA. As a past president of the state's Capitol Correspondents Association, he led efforts to expand statehouse press credentialing to online news outlets for the first time.
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