Angel Learning acquired for $95 million
Indianapolis Business Journal
May 6, 2009
As investors, Indiana University and its Research and Technology Corp. stand to gain about $23 million in proceeds from the sale, the school said. As a start-up, the company was nurtured in IU's Emerging Technologies Center in Indianapolis. Today, Angel Learning has about 200 programmers, analysts and marketing personnel. It is housed at Intech Park on Indianapolis' northwest side.
"This is our greatest success to date in terms of a university start-up company," said IU President Michael A. McRobbie in a prepared statement. "It is important to note that it was made possible in part by the strategic investments IU has made in information technology over the past decade."
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Learn more about IU's Research and Technology Corp.
