Plato Learning acquires another software firm

This article is from Star Tribune

Plato Learning, an online education company based in Bloomington, has reached an agreement to acquire publicly traded Archipelago Learning of Dallas for approximately $291 million, the two companies announced Monday.

The cash transaction at $11.10 per share represents a 23 percent premium over Archipelago's closing price of $9.04 per share on Friday.

Archipelago, founded in 2000, is a subscription-based provider of education software in United States, Canada, and the United Kingdom. The company had more than 400 employees at the end of 2010, according to its annual report.

Singularity University Brings in Gabriel Baldinucci, Former Virgin Group Executive and Entrepreneur, to Lead Overall Strategy and New Venture Development, Including Launch of SU Labs

This article is from Market Watch The Wall Street Journal

Singularity University (SU) has announced the appointment of Gabriel Baldinucci, an experienced entrepreneur, investor, and former Virgin Group executive, as Vice President of Strategy and New Venture Development.

Mr. Baldinucci will be responsible for the development and leadership of a new venture, SU Labs, while also working closely with CEO Rob Nail to direct overall strategy for Singularity University. SU Labs will be the center for SU's work "after the classroom" and will encompass faculty and alumni research, new company generation and incubation, and innovation services for larger companies around the world.