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
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