Newell Rubbermaid Acquires Reading Education Software Company Headsprout

Posted Mar 16, 2011

Headsprout is a reading education software service that launched about 12 years ago. Headsprout has been acquired by DYMO/Mimio, a Newell Rubbermaid company. The financial details of the acquisition were undisclosed. Headsprout President and CEO Dave Anderson will remain as the head of the company after the acquisition. Headsprout raised $19 million in funding from Kaplan. DYMO/Mimio gave Headsprout’s 65 employees offer letters. [Seattle Pi]