NEW YORK, April 12, 2005 — Berkery Noyes & Co., LLC announced today that the firm represented Kurzweil Educational Systems, Inc., in its sale to Cambium Learning, an education company serving the unique needs of the nation’s at-risk and special student populations with learning tools, services and technologies. Kurzweil Educational Systems, Inc., is an industry leader in reading technology for individuals with learning or visual disabilities. Terms of the acquisition were not disclosed.
As a vital, growing company prominent in assistive technologies, Kurzweil Educational Systems is widely recognized for its innovations in reading, writing and learning solutions for individuals with learning disabilities, and people who are blind or visually impaired. Kurzweil 3000™, the company’s flagship product, is the most comprehensive and integrated reading, writing and learning software for assisting struggling students with learning and language difficulties such as dyslexia, Attention Deficit Disorder (ADD) and English Language Learning (ELL). Another key company product, Kurzweil 1000™, fosters greater independence in students who are blind or visually impaired, enabling them to read, write and study along side their sighted peers.
About Berkery, Noyes & Co., LLC
Berkery, Noyes specializes in investment banking for the education, information, publishing and communications industries. Among the most recent transactions completed by Berkery, Noyes are ProQuest Company’s acquisition of Voyager Expanded Learning, the acquisition by Delta Education, LLC of Neo/Sci, the sale of Medquest Communications to Vendome Associates, the acquisition by Discovery Communications of AIMS Multimedia, the sale of Dominie Press to Pearson Education, Thomson Corporation’s divestiture of the print-assets of Sheshunoff Information Services to AlexInformation and Sheshunoff Insurance Solutions to Highline Data, McGraw-Hill’s divestiture of the Juvenile Retail Publishing Businesses to School Specialty, and the acquisition by Taylor & Francis Group plc of Marcel Dekker, Inc.
Berkery, Noyes & Co.’s clients range from private companies seeking a buyer, to most of the major international information companies who use the firm’s expertise in locating, analyzing and negotiating with acquisition candidates and in managing divestitures. The firm operates with a staff of twenty-six professionals serving the information and publishing industry from offices in New York. For more information, visit www.berkerynoyes.com.