CORE Projects & Technologies consolidates its business in the education
sector by acquisition of K12 Division of Princeton Review Inc., a NASDAQ listed
Education Company, through its Wholly Owned Subsidiary CORE Education &
Consulting Solutions Inc., USA.
Princeton Review was founded in 1981 and headquartered in New York City, the
Company offers private tutoring and classroom and online test preparation to
help students improve their scores in college and graduate school admissions
tests. The Company's free website,
CORE K12.com, helps over half of university-bound students for
research, apply to, prepare for, and learn how to pay for their higher
education. In addition, The Princeton Review works with school districts in
around the U.S. to measurably strengthen students' academic skills by connecting
ongoing assessment with professional development and instruction and by
providing districts with college and career resources for both students and
guidance counselors. The Company also authors more than 200 print and software
titles on test preparation, college and graduate school selection and
admissions, and related topics.
- Formative Assessment
- Academic Intervention
- Professional Development
The Princeton Review’s K12 division products and solutions include:
Assessment Center, Custom Assessment Construction, SideStreets in Math and
Reading, Prospects in Math and Prospects in ELA, Instructional Coaching,
Professional Development Seminars and Educational Video Online Network (EVON).
The Princeton Review’s K12 division currently partners with the following
districts to provide integrated educational solutions:
Los Angeles Unified School District (California), State of Texas, School
District of Palm Beach County (Florida), Orange County School district
(Florida), State of Virginia, El Paso Independent School District (Texas),
Houston Independent School District (Texas), Jefferson County School District (
Kentucky), New York City Department of Education and Pasco County School
District (Florida).
Princeton Review’s K12 is a well-known brand around the globe. The company is
allowing CORE Projects to use its brand name for 2 years to market the products
in the US, UK and India. CORE Projects is currently doing business with 17
States in the United States, over 1,000 schools in the UK and some 12 local
authorities, 8 countries in Africa and 3 countries in the Caribbean Islands.
Besides expanding its products and solutions offerings globally, CORE Projects
is very confident of cross selling its newly acquired products and solutions to
its existing clients. This acquisition will add approximately US $24 million to
CORE Projects top line numbers.
With the acquisition of the K-12 division of The Review, Core
believes it has acquired products and solutions, along with the management team,
which will not only expand its offerings in the U.S. education market, but will
also, position CORE Projects as a dominant player in the education sector in the
global markets like the UK and India.