GlobalScholar Bought By Scantron

12/16/10Follow @xconomy

Bellevue, WA-based GlobalScholar, the maker of technology for K-12 education, has agreed to be acquired by Scantron, a unit of San Antonio, TX-based Harland Clarke Holdings. Financial terms of the deal weren’t disclosed. GlobalScholar’s programs, which are used for tracking student and teacher performance, are used to support 5 million students, Harland Clarke said in a statement. GlobalScholar, founded and led by former drugstore.com CEO Kal Raman, has about 330 employees at its office in Bellevue and a software development center in India.

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