Pearson, a U.K.-based publisher of educational materials, on Thursday announced that it will purchase Apple Computer’s PowerSchool unit, which allows pupils, their parents or guardians and other involved parties to keep tabs on academic progress like grades and take-home assignments, Reuters reports.
Cupertino, Calif.-based Apple dished out $62 million in stock in 2001 for PowerSchool, according to Reuters, but specific financial details of the deal between the computer giant and Pearson have not been made publicly available.
Pearson, the global leader in educational publishing, will also begin generating academic-related content for use with Apple’s uber-popular iPod music player, Reuters reports.
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