The long rumored split was announced at McGraw-Hill today. The education group will operate independently of the markets division including well know brands like S&P.
Private investors (including the Ontario Teachers Pension Plan) have been pressuring the company for months and claiming that the $2.4b education division is a drag on profitability. It may be true that they have been less aggressive than Pearson but a couple of the new digital products are worth watching:
- Power of U, a personalized middle grade math product built in partnership with Promethean
- CINCH Science, an online curriculum with its own facebook page
- Connect, a higher ed assignment/assessment management platform