McGraw-Hill Global Education Holdings, LLC (MHGE) is a learning science company focused on higher education, professional learning and information markets both in the US and internationally with content, tools and services delivered via digital, print and hybrid solutions. MHGE distributes products in nearly 60 languages across 154 countries to post-secondary students, instructors, professionals and institutions.
McGraw-Hill School Education Holdings (MHSE) headquartered in Columbus, OH, is a provider of digital, print and hybrid instructional materials, as well as assessment products and services.
MHSE and its larger sister company MHGE, with which MHSE shares services arrangements, were acquired by funds affiliated with Apollo Global Management, LLC in March 2013 for a combined 2.4 billion USD
McGraw-Hill Education is preparing for an IPO for the second half of 2016.
Analysis & Key Developments
McGraw-Hill Education Intermediate Holdings is controlled by Apollo Global Management, which divided the global education segment from the school education group. Revenue from the school group is not included in results from MHGE.
For fiscal 2015, McGraw-Hill Education posted revenues of 1.26 billion USD (against 1.3 billion USD restated for 2014).
MHE’s digital solutions and platforms include Connect, an open learning environment for the higher education market that allows instructors to integrate digital content into their programs (with three million paid activations in 2015); ALEKS, an adaptive learning product for math, science and other subjects in the K-12 market (with 1.7 million paid activations); and LEARNSMART, an adaptive learning program that personalizes learning and designs targeted study paths for students.
Overall digital sales were 401 million USD in 2014 and accounted for 31% of total sales, up from 27% in 2013. According to MGHE, the professional group generated 43% of its revenue from digital solutions, which included digital sales through 19 subscription services.
Since SmartBook was introduced in May 2013, more than 450 titles have been developed for the Higher Education market.
"We are continuing to invest in creating and delivering the technologies that harness the science of learning to enhance student outcomes and support instructors and classes," said David Levin, president and CEO of McGraw-Hill Education. "We are combining high-quality content and software to create personalized learning that's been proven to be effective."