Madison Assessment LLC Announces Licensing Agreement with James Madison Innovations, Inc.

Feb 16, 2010, 10:07 ET from Madison Assessment LLC

WASHINGTON, Feb. 16 /PRNewswire/ -- Madison Assessment LLC announces an exclusive Licensing Agreement with James Madison Innovations, Inc. (JMI) to distribute and administer computer-based assessment testing instruments created by the Center for Assessment and Research Studies (CARS) of James Madison University (JMU).Under the terms of the Agreement, Madison Assessment initially is offering an Information Literacy Test, a Quantitative Reasoning Test and a Scientific Reasoning Test. These tests are designed to enable higher educational institutions to measure, monitor and enhance the strengths and the overall efficacy of general education programs.

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Mary Lou Bourne, JMI's Director of Technology Transfer, stated, "We are delighted that JMU's first spin-out company is Madison Assessment. We believe that their experienced leadership team, collaborating with JMU's internationally recognized CARS organization, will result in a successful outcome for JMU, Madison Assessment and their clients."

Richelle Burnett, Chief Executive Officer of Madison Assessment, noted, "This Agreement provides Madison Assessment with the capability to offer student assessment tests at an unparalleled combination of high quality and low cost. In these fiscally challenging times, this is a win-win for Madison Assessment and for our higher educational institution colleagues."

Dr. Robin Anderson, Associate Director of CARS, observed, "Madison Assessment shares our view of partner institutions, not as consumers or clients, but as colleagues and friends. I am excited about the new Agreement because I am confident that Madison Assessment will provide our partner institutions with the highest quality service."

Madison Assessment LLC was founded in December 2009 by Richelle Burnett, CEO and Loren Burnett, Chairman. It is a women-owned and operated business headquartered in Washington DC that is dedicated to supporting accreditation, accountability and measurement of undergraduate academic programs.

www.madisonassessment.com

James Madison Innovations, Inc. is a non-profit corporation established in 2009 and affiliated with JMU to manage and transfer intellectual property produced at James Madison University into the commercial sector.

www.jmu.edu/innovation

James Madison University has been a leader in academic program testing for more than 20 years. Since 1985, JMU has developed a strong practice in assessment research and implemented an exemplary campus wide testing program.

www.jmu.edu

The Center for Assessment and Research Studies at James Madison University is internationally recognized as a standard of excellence for practice, programs, and scholarship in assessment and measurement.

www.jmu.edu/assessment

SOURCE Madison Assessment LLC



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