McGraw-Hill Education Acquires Grow Network

Establishes Leadership Position in Assessment Reporting and Customized Content



Jul 19, 2004, 01:00 ET from McGraw-Hill Education

    NEW YORK, July 19 /PRNewswire-FirstCall/ -- McGraw-Hill Education, a
 division of The McGraw-Hill Companies, Inc. (NYSE:   MHP) today announced the
 acquisition of Grow Network (Grow.net, Inc.), a privately held company that is
 a leading provider of assessment reporting and customized content for states
 and large school districts across the country.  Terms of the acquisition were
 not disclosed.
     Grow utilizes proprietary technology to provide customized test reports
 and instructional materials for students, families, and educators. It
 currently serves a wide range of states and school districts. Grow's materials
 provide students, families, and educators with personalized data and
 instructional recommendations, fully integrated with state academic standards.
     "This acquisition is a major step in positioning McGraw-Hill Education as
 the leader in assessment reporting and customized content. We are excited that
 Grow will enhance our ability to help educators and families improve student
 performance. Its unique and proven reporting services help educators respond
 thoughtfully to the increased accountability and Adequate Yearly Progress
 requirements associated with No Child Left Behind," said Harold McGraw III,
 chairman, president and chief executive officer of The McGraw-Hill Companies.
     The acquisition supports McGraw-Hill Education's strategy to provide a
 full range of customized education solutions to help improve teaching and
 learning. Grow will work closely with other divisions within McGraw-Hill
 Education, including CTB/McGraw-Hill, the nation's leading provider of
 assessments, to offer services that are tailored to meet school districts'
 specific curriculum, assessment, and reporting needs. Grow also will continue
 to work with other assessment programs selected by its state and school
 district partners.
     Grow will become a unit of the School Education Group of McGraw-Hill
 Education and will be renamed Grow Network/McGraw-Hill. It will continue to be
 based in New York, and David Coleman, its chief executive officer, and his
 team will remain in place.
     "We chose McGraw-Hill Education as our home because of the exceptional
 quality of its assessments and the distinctive depth of its instructional
 materials. Together with the McGraw-Hill team, Grow can make even more
 powerful linkages between assessment and instruction that significantly
 improve teaching and learning," Coleman said.
 
     About McGraw-Hill Education
     McGraw-Hill Education is a division of The McGraw-Hill Companies, a global
 information services provider meeting worldwide needs in the financial
 services, education and business information markets through leading brands
 such as Standard & Poor's and Business Week. The Corporation has more than 280
 offices in 40 countries. Sales in 2003 were $4.8 billion. Additional
 information is available at http://www.mcgraw-hill.com
 
     About Grow Network
     Grow Network's mission is to transform assessment into an opportunity for
 meaningful instruction. Founded in 2000, Grow has quickly grown to become the
 leading provider of customized solutions that make assessment results truly
 useful for students, families and educators. Grow's innovative team of
 educators, designers, statisticians, and technologists has built a proprietary
 platform for print and web publishing that has achieved breakthroughs in
 producing thoughtful instructional reports and materials and delivering them
 quickly and accurately. Additional information is available at
 http://www.grownetwork.com.
 
 

SOURCE McGraw-Hill Education
    NEW YORK, July 19 /PRNewswire-FirstCall/ -- McGraw-Hill Education, a
 division of The McGraw-Hill Companies, Inc. (NYSE:   MHP) today announced the
 acquisition of Grow Network (Grow.net, Inc.), a privately held company that is
 a leading provider of assessment reporting and customized content for states
 and large school districts across the country.  Terms of the acquisition were
 not disclosed.
     Grow utilizes proprietary technology to provide customized test reports
 and instructional materials for students, families, and educators. It
 currently serves a wide range of states and school districts. Grow's materials
 provide students, families, and educators with personalized data and
 instructional recommendations, fully integrated with state academic standards.
     "This acquisition is a major step in positioning McGraw-Hill Education as
 the leader in assessment reporting and customized content. We are excited that
 Grow will enhance our ability to help educators and families improve student
 performance. Its unique and proven reporting services help educators respond
 thoughtfully to the increased accountability and Adequate Yearly Progress
 requirements associated with No Child Left Behind," said Harold McGraw III,
 chairman, president and chief executive officer of The McGraw-Hill Companies.
     The acquisition supports McGraw-Hill Education's strategy to provide a
 full range of customized education solutions to help improve teaching and
 learning. Grow will work closely with other divisions within McGraw-Hill
 Education, including CTB/McGraw-Hill, the nation's leading provider of
 assessments, to offer services that are tailored to meet school districts'
 specific curriculum, assessment, and reporting needs. Grow also will continue
 to work with other assessment programs selected by its state and school
 district partners.
     Grow will become a unit of the School Education Group of McGraw-Hill
 Education and will be renamed Grow Network/McGraw-Hill. It will continue to be
 based in New York, and David Coleman, its chief executive officer, and his
 team will remain in place.
     "We chose McGraw-Hill Education as our home because of the exceptional
 quality of its assessments and the distinctive depth of its instructional
 materials. Together with the McGraw-Hill team, Grow can make even more
 powerful linkages between assessment and instruction that significantly
 improve teaching and learning," Coleman said.
 
     About McGraw-Hill Education
     McGraw-Hill Education is a division of The McGraw-Hill Companies, a global
 information services provider meeting worldwide needs in the financial
 services, education and business information markets through leading brands
 such as Standard & Poor's and Business Week. The Corporation has more than 280
 offices in 40 countries. Sales in 2003 were $4.8 billion. Additional
 information is available at http://www.mcgraw-hill.com
 
     About Grow Network
     Grow Network's mission is to transform assessment into an opportunity for
 meaningful instruction. Founded in 2000, Grow has quickly grown to become the
 leading provider of customized solutions that make assessment results truly
 useful for students, families and educators. Grow's innovative team of
 educators, designers, statisticians, and technologists has built a proprietary
 platform for print and web publishing that has achieved breakthroughs in
 producing thoughtful instructional reports and materials and delivering them
 quickly and accurately. Additional information is available at
 http://www.grownetwork.com.
 
 SOURCE  McGraw-Hill Education

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