SynapticMash Acquired by Promethean World

7/21/10

Seattle-based educational software and management company SynapticMash is being acquired by UK-based Promethean World Plc for $10 million cash. The cloud-based formative education assessment software company, founded in 2007, enables educators to evaluate student performance throughout the learning process, rather than by formal examinations at the end of a term, and helps teachers modify lesson plans and provide differentiated instruction to cater to students’ specific needs and progress. SynapticMash has raised $4.25 in funding so far. In a statement released today Promethean said SynapticMash fits directly into its education strategy and will significantly strengthen the company’s existing formative assessment and learning systems. Promethean expects to complete the deal before the end of the month.

Thea Chard is a correspondent for Xconomy Seattle. You can e-mail her at theachard@gmail.com or follow her on Twitter at http://twitter.com/theachard. Follow @

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