History
Accelerated Reader, the company's flagship product, was created in 1985 by Judith and Terrance "Terry" Paul, who founded the company in 1986 under the name "Advantage Learning Systems" (ALS). The company's name changed to "Renaissance Learning, Inc." (RLI) in 2001. At one time, the couple owned about 75% of RLI.
On August 16, 2011, the company agreed to be acquired by private-equity firm Permira Funds, a UK-based firm. As of October 16, 2011 Renaissance Learning was no longer being traded as a public company.
Read more about this topic: Renaissance Learning
Famous quotes containing the word history:
“The history of every country begins in the heart of a man or a woman.”
—Willa Cather (1876–1947)
“Revolutions are the periods of history when individuals count most.”
—Norman Mailer (b. 1923)
“... that there is no other way,
That the history of creation proceeds according to
Stringent laws, and that things
Do get done in this way, but never the things
We set out to accomplish and wanted so desperately
To see come into being.”
—John Ashbery (b. 1927)