The chip giant late Friday said it is buying Kno and taking on its 95 employees, the latest step in bolstering an Intel sideline that includes designs for education-oriented laptops and a tablet aimed at the classroom.
From the Intel Education Blog:
The acquisition of Kno boosts Intel’s global digital content library to more than 225,000 higher education and K-12 titles through existing partnerships with 75 educational publishers. Even more, the Kno platform provides administrators and teachers with the tools they need to easily assign, manage and monitor their digital learning content and assessments.
From Venture Beat
The price of the deal was not disclosed, but it could not have come cheap, given that Kno has raised a little over $73 million in venture capital from top firms like Andreessen Horowitz and SV Angel. As we reported, the company was under pressure to generate real revenues to satisfy its investors.
See Also: Key Features of Kno (via Kno Web Site)
See Also: More on Intel’s Education Solutions