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McGraw-Hill Education

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McGraw-Hill Education

McGraw-Hill Education
The branded McGraw-Hill Education logo after separation from McGraw-Hill Financial.
Founded 1888
Founder James H. McGraw
John A. Hill
Country of origin United States
Headquarters location 2 Pennsylvania Plaza
New York City
Key people David Levin, President and CEO[1][2][3]
Peter Cohen, Group President, U.S. Education[4]
Publication types Adaptive learning technology, Educational software, Platform services, and Books
Owner(s) Apollo Global Management
Number of employees 6,000+
Official website .com.mheducationwww

McGraw-Hill Education (MHE) is a learning science company and one of the "big three" educational publishers[5][6] that provides customized educational content, software, and services for pre-K through postgraduate education. The company also provides reference and trade publications for the medical, business, and engineering professions. McGraw-Hill Education currently operates in 44 countries, has more than 6,000 employees globally, and offers products and services in 60 languages.

Formerly a division of The McGraw-Hill Companies, McGraw-Hill Education was divested from McGraw Hill Financial and acquired by Apollo Global Management in March 2013 for $2.5 billion in cash.[7][8][9][10]

Based on the growing demand for classroom technology, McGraw-Hill Education is transitioning from a print-based business model to customized content sold through subscriptions.[11] This shift has accelerated in recent years with an increased focus on developing adaptive learning systems that enable classroom teaching to come closer to a one-to-one student-teacher interaction. These systems allow personalized learning by assessing each student's skill level and using data to determine how each can progress through lessons most effectively. McGraw-Hill Education provides digital products and services to over 11 million users. In 2013, the company acquired the ALEKS Corporation[12] and after acquiring 20 percent equity stake in Area9 Aps went on to acquire the company, its development partner on the LearnSmart Advantage suite.[13] MHE also opened a new R&D office in Boston’s innovation district.[14][15]

Corporate history

McGraw-Hill Education traces its history back to 1888 when James H. McGraw, co-founder of the company, purchased the American Journal of Railway Appliances. He continued to add further publications, eventually establishing The McGraw Publishing Company in 1899. His co-founder, John A. Hill, had also produced several technical and trade publications and in 1902 formed his own business, The Hill Publishing Company.

In 1909 both men agreed upon an alliance and combined the book departments of their publishing companies into The McGraw-Hill Book Company. John Hill served as President, with James McGraw as Vice-President. 1917 saw the merger of the remaining parts of each business into The McGraw-Hill Publishing Company, Inc.[16] In 1986, McGraw-Hill bought out competitor The Economy Company, then the nation's largest publisher of educational material. The buyout made McGraw-Hill the largest educational publisher in the U.S.[17]

In 1979 McGraw-Hill Publishing Company purchased Byte (magazine) from its owner/publisher Virginia Williamson who then became a vice-president of McGraw-Hill.

McGraw-Hill Publishing Company, Inc became The McGraw-Hill Companies in 1995, as part of a corporate identity rebranding.[18]

In 2007, The McGraw-Hill Companies launched an online student study network, GradeGuru.com. This offering gave McGraw-Hill an opportunity to connect directly with its end users, the students. The site closed on April 29, 2012.

On November 26, 2012, The McGraw-Hill Companies announced it was selling its entire education division to Apollo Global Management for $2.5 billion.[19] On March 22, 2013, it announced it had completed the sale and the proceeds were for $2.4 billion in cash.[20]

In 2014, McGraw Hill Education India partnered with GreyCampus to promote Online Learning Courses among University Grants Commission- National eligibility Test Aspirants.[21]

McGraw Hill Education India is located in Noida area of Delhi/NCR. The company also sells books online at www.mheducation.co.in

On June 30, 2015 McGraw-Hill Education announced that Data Recognition Corporation (DRC) had agreed to acquire "key assets" of the CTB/McGraw-Hill assessment business.[22]

Corporate organization

Divisions of McGraw-Hill Education include:

  • McGraw-Hill Education School (MHES)
  • McGraw-Hill Education Higher Ed (MHHE)
  • McGraw-Hill Education Professional (MHP)
  • McGraw-Hill Education International (MHEI)

Other major subsidiaries, partners and investments:

McGraw-Hill Education is also established in Asia, Australia, Canada (as McGraw Hill Ryerson) Europe, India, and Latin America (as McGraw-Hill Interamericana). In 2013, McGraw-Hill Education acquired the entirety of shares in Tata McGraw-Hill Education Private Limited, the company's long-existing joint venture with Tata Group in India. The company is now known as McGraw Hill Education in India as well.

Acquisitions

During the course of its history, the McGraw-Hill Companies expanded significantly through acquisition, not just within the publishing industry but also into other areas such as financial services (the purchase of Standard & Poor's in 1966) and broadcasting (the 1972 acquisition of Time-Life Broadcasting). Many of these acquisitions stayed with McGraw-Hill Education after their acquisition by Apollo Global Management in 2013.

Date of acquisition Asset acquired Industry
1920 Newton Falls Paper Company[35] -
1928 A.W. Shaw Company[35] Publisher of magazines and textbooks
1950s Gregg Company[35] Publisher of vocational textbooks
1953 Companies of Warren C Platts, including Platts[35][36] Publisher of petroleum industry information
1961 F.W. Dodge Corporation[37] Publisher of construction industry information
1965 California Test Bureau[35] Developer of educational testing systems
1966 Standard & Poor's[37] Financial Services
1966 Shepard's Citations[38] Legal publisher
1968 National Radio Institute Correspondence School
1970 The Ryerson Press Educational and trade publishing
1972 Television Stations of Time Life Broadcasting[37] Broadcasting
1986 The Economy Company Educational publishing
1996 Random House Schools and Colleges[39] Educational publishing
1996 Times Mirror Higher Education[40] Educational publishing
1997 Micropal Group Limited[40] Financial Services
1999 Appleton & Lange[41] Publisher of medical information
2000 Tribune Education, including NTC/Contemporary[42] Publisher of supplementary educational materials
2002 Open University Press University press - academic publications
2005 J.D. Power & Associates[43] Marketing information provider
2013 Key Curriculum[44] Math technology firm
2013 ALEKS[45] Adaptive learning firm
2014 Area9 Aps[46] Adaptive learning firm
2014 Engrade[47] Learning management system

Presidents of the company

Controversies

In October 2015, McGraw-Hill Education was accused of whitewashing history after it had published a geography textbook referring to American slaves as "workers."[48] The publisher promised to correct the error in its next revision.[49] Since the controversy began in Houston, it has been linked to broader controversies about conservative texts at the Texas Education Agency.[50]

See also

References

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  19. ^ "McGraw-Hill to Sell Education Unit to Apollo for $2.5 Billion", New York Times, November 26, 2012.
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