Instructure to Acquire Partner MasteryConnect to Launch a New Era of Innovative Assessment

“Today’s educators are trying to move away from archaic end-of-year tests and are looking for more intuitive models of assessment,” said Dan Goldsmith, CEO of Instructure. “Together, Canvas and MasteryConnect will put valuable data in the hands of our teachers, not just once, but throughout the year so they can focus on activities that enhance student learning.”

MasteryConnect is designed to quickly identify students’ levels of understanding, target areas for personalized growth, and provide teachers with the data they need to guide each student’s learning. MasteryConnect worked with Dr. Jonathan Templin, Professor and E .F. Lindquist Chair in the Measurement and Statistics of Education for Life Program University of Iowa, to create statistical models that provide reliable data on norm mastery through shorter formative assessments. These models identify what students know, allowing schools to redefine assessment, integrating it more closely into curriculum and instruction.

Teachers in over 14,000 US school districts use MasteryConnect, including Charlotte-Mecklenburg Schools (NC), Oklahoma City Public Schools (OK) and Alpine School District (UT), with many districts nationwide already using MasteryConnect and Canvas together.

“At Hall County Schools, we view Canvas and MasteryConnect as valuable tools for teaching and learning, providing teachers with the information they need to create a dynamic and engaging blended learning environment” , said Gregory Odele-learning specialist at Hall County The schools of Georgia. “Our students benefit from both products, and we will overall benefit from working with these companies to help K-12 students learn and grow.”

MasteryConnect was founded in 2009 and is based in Salt Lake City. Its solution will continue to be sold as a standalone offering. Additionally, for customers looking to combine assessment and learning, MasteryConnect will be further integrated with Canvas LMS, helping districts scale personalized learning, improve student achievement, and support professional learning. MasteryConnect and Instructure have been education partners since 2016.

“This acquisition brings together many years of partnership and synergies with Instructure, said Mick Hewitt, co-founder and CEO of MasteryConnect, who will join Instructure as Managing Director of MasteryConnect. “This highlights the alignment of our shared mission to transform learning while expanding our reach both nationally and internationally.”

The acquisition is expected to close within the next seven days and is subject to satisfaction of customary closing conditions, including MasteryConnect shareholder approval.

ABOUT INSTRUCTION
Instructure, Inc. is the leading software-as-a-service (SaaS) technology company that helps people thrive from their first day of school to their last day of work. Its software solutions include Canvas, the learning management platform that simplifies teaching and improves learning, and Bridge, the employee development and engagement solution for people-centric companies. To date, Instructure has connected millions of educators and learners at over 4,000 educational institutions and businesses around the world. Learn more about Canvas for higher education and K–12 and Bridge for business at www.Instructure.com.

ABOUT MASTERYCONNECT
MasteryConnect is a K-12 curriculum and assessment platform that helps educators stimulate student growth through formative and benchmark assessment, curriculum planning, and collaboration . We enable teachers to identify current levels of understanding through a variety of assessments, so they can immediately target interventions and assess their own practice. For more information, visit masteryconnect.com.

FORWARD-LOOKING STATEMENTS
This press release contains “forward-looking” statements that are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding Instructure’s potential acquisition of MasteryConnect and Instructure’s growth and future versions of applications. These statements are not guarantees of future performance, but are based on management’s expectations as of the date of this press release and are subject to uncertainties, risks and changes in circumstances that are difficult to predict. Forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual results, performance or achievements to be materially different from future results, performance or achievements. Important factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements include the risks associated with the introduction of new applications and Instructure’s ability to develop and deliver applications and innovative features, Instructure’s ability to successfully implement and realize cost synergies and otherwise integrate MasteryConnect post-closing, and other risks and uncertainties detailed in Instructure’s filings with the Securities and Exchange Commission, including without limitation its Form 10-K and other reports on Forms 8-K and 10-Q, all of which may be obtained from the SEC’s website at www.sec.gov. Instructure undertakes no obligation to publicly update or revise any forward-looking statements contained in this release, except as required by law.

CONTACTS:
Keaton Godfrey
Director, Investor Relations
Structure
(866) 574-3127
[email protected]

Becky Frost
Senior Director, Corporate Communications
Structure
801-869-5017
[email protected]

Jenn Mitchell
Marketing Director
Mastery Connect
[email protected]

SOURCE Structure

Related links

http://www.instructure.com

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