Mimio Global Press

Seattle Pi Xconomy

Headsprout Acquired by DYMO/Mimio

SEATTLE, WA – March 15, 2011 - Seattle-based reading-education software company Headsprout, which has been around for about a dozen years, has been acquired by Cambridge, MA-based DYMO/Mimio. The deal closed earlier this month but was announced Tuesday. Terms weren't disclosed. Headsprout's management team, led by President and CEO Dave Anderson, is in line to continue overseeing Headsprout after the acquisition. DYMO/Mimio is owned by the same parent company that makes Rubbermaid and other consumer products. TechFlash reports that Headsprout had raised about $19 million in venture financing from investors such as Kaplan, the education and profit arm of The Washington Post Co. Anderson told GeekWire that the company's roughly 65 employees all got offer letters.

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