Dive Brief:
- Fingerprint, a San Francisco-based children's app company, has acquired two ed tech companies: Cognitive Kid and Scribble Press.
- The new acquisitions expand Fingerprint's mobile ed app count to 800, a tenfold increase over last year. A big part of its growth is attributed to $10.9 million in funding received last year from Dreamworks.
- The company, which was founded in 2010, runs its own kids’ app network, Fingerprint Play, as well as Samsung's KidsTime, Sylvan Learning's SylvanPlay, Astro's AstroPlay, and others.
Dive Insight:
Fingerprint told TechCrunch it is buying a new company about every eight weeks these days, and while it did not share details about the acquisition, it did make it clear that this acquisition was not unusual or an isolated incident.
Scribble Press allows classrooms to create their own digital books using text, art, soundtracks, and more, while Cognitive Kid is comprised of seven apps that cover topics such as history, math, and dinosaurs.
As digital learning grows in popularity, these sorts of acquisitions will continue to be popular. Investing in ed tech is lucrative and has benefits. Ultimately, the acquisitions do not necessarily affect classrooms, teachers, and administrators directly as much as they may help give these apps more funding and the ability to reach more people.