E-learning specialist I-education is heading for expansion after selling a majority stake in its business for more than £2 million.
Doncaster-based I-education specialises in developing games that encourage pupils to revise and has sold a 51 per cent stake in its business to online learning resources company Frog.
The deal means that I-education’s revision and assessment system, I am Learning, will become an integral part of the Frog learning platform, which is used by more than 12 million students and teachers worldwide.
I-education director, Michael Wilkinson, said: “We are really excited about becoming part of the Frog family. We now expect to take on more staff as the company grows.
“We will continue to run the business just as we have always done but this moves gives I-education the ability to grow much faster and develop internationally.”
Frog says the deal shows its long-term commitment to education and signals its move towards introducing assessment in teaching and learning.
Managing director Gareth Davies said: “Assessment is a key focus for Frog at the moment and I am Learning is a vital part of our strategy going forward as we head towards a fully-integrated assessment platform for our customers.”
Michael Wilkinson and fellow director Steve Holt set up I-education in 2007, after working on Doncaster Council projects to integrate information and communications technology into the curriculum.
I-education employs 15 staff and more than 1,000 schools and half a million pupils use its I am Learning platform.
A version of I am Learninghas been developed for the home market and last month, the company launched 70 apps for the iPhone and iPad.
As a result of the deal with Frog, features of I am Learning could now be used in Malaysia’s 10,000 state schools, thanks to an agreement with the Malaysian Ministry of Education, under which Frog’s learning platform will be used in every school in the country.
I-education recently announced record sales of £650,000 for the year to September.