The branded McGraw-Hill Education logo after separation from McGraw-Hill Financial.
|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
Peter Cohen, Group President, U.S. Education
|Owner(s)||Apollo Global Management|
|Number of employees||6,000+|
McGraw-Hill Education (MHE) is a digital learning company and one of the "big three" educational publishers 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 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.
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. 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 and a 20 percent equity stake in Area9 Aps, its development partner on the LearnSmart Advantage suite. MHE also opened a new R&D office in Boston’s innovation district.
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. 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.
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. On March 22, 2013, it announced it had completed the sale and the proceeds were for $2.4 billion in cash.
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:
- Area9 Aps
- Key Curriculum
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.
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||-|
|1928||A.W. Shaw Company||Publisher of magazines and textbooks|
|1950s||Gregg Company||Publisher of vocational textbooks|
|1953||Companies of Warren C Platts, including Platts||Publisher of petroleum industry information|
|1961||F.W. Dodge Corporation||Publisher of construction industry information|
|1965||California Test Bureau||Developer of educational testing systems|
|1966||Standard & Poor's||Financial Services|
|1966||Shepard's Citations||Legal publisher|
|1968||National Radio Institute||Correspondence School|
|1970||The Ryerson Press||Educational and trade publishing|
|1972||Television Stations of Time Life Broadcasting||Broadcasting|
|1986||The Economy Company||Educational publishing|
|1996||Random House Schools and Colleges||Educational publishing|
|1996||Times Mirror Higher Education||Educational publishing|
|1997||Micropal Group Limited||Financial Services|
|1999||Appleton & Lange||Publisher of medical information|
|2000||Tribune Education, including NTC/Contemporary||Publisher of supplementary educational materials|
|2002||Open University Press||University press - academic publications|
|2005||J.D. Power & Associates||Marketing information provider|
|2013||Key Curriculum||Math technology firm|
|2013||ALEKS||Adaptive learning firm|
|2014||Area9 Aps||Adaptive learning firm|
|2014||Engrade||Learning management system|
Presidents of the company
- James H. McGraw (1917–1928)
- Johnathan Heflin (1928–1948)
- James McGraw, Jr. (1948–1950)
- Curtis W. McGraw (1950–1953)
- Donald C. McGraw (1953–1968)
- Shelton Fisher (1968–1974)
- Harold McGraw, Jr. (1974–1983)
- Joseph Dionne (1983–1998)
- Harold W. McGraw III (1998–2013)
- Buzz Waterhouse (2013–2014)
- David Levin (2014–Present)
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- Robinson, Matt (2013-03-22). "McGraw-Hill Closes $2.4 Billion Education Unit Sale to Apollo". Bloomberg. Retrieved 2014-03-25.
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- Collins, Allison (2014-02-07). "McGraw-Hill Ed Buys Rest of Area9 - Mergers & Acquisitions". The Middle Market. Retrieved 2014-03-25.
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- "McGraw-Hill Buys Engrade For ~$50M As It Moves Away From Textbooks, Towards A Future Of SaaS". TechCrunch. 2014-02-09. Retrieved 2014-03-25.
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- "McGraw-Hill Education Buys Key Curriculum". Publishers Weekly. 2012-08-02. Retrieved 2014-03-25.
- Pilkington, Mercy (2014-03-03). "StudySync, McGraw Hill Team Up on Digital ELA Materials". GoodEreader. Retrieved 2014-06-10.
- "StudySync and McGraw-Hill Education Collaborate to Offer Engaging Digital Learning Products for English Language Arts". Publishers Weekly. 2014-03-03. Retrieved 2014-06-10.
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- Edwin McDowell (September 29, 1988). "McGraw-Hill Is Buying 2 Random House Units". The New York Times.
- Iver Peterson (July 4, 1996). "Times Mirror in Two Deals To Bolster Legal Publisher". The New York Times. Retrieved September 1, 2009.
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- "The McGraw-Hill Companies To Acquire Tribune Education; Acquisition Strengthens McGraw-Hill Education's Leadership Position". Retrieved May 26, 2007.
- "The McGraw-Hill Companies Completes Acquisition of J.D. Power and Associates". Retrieved May 26, 2007.
- "McGraw-Hill Acquires Math Technology Company Key Curriculum". Retrieved June 18, 2014.
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- "McGraw-Hill Buys Engrade For ~$50M As It Moves Away From Textbooks, Towards A Future Of SaaS". Retrieved June 18, 2014.