The branded McGraw-Hill Education logo after separation from McGraw-Hill Financial.
|Country of origin||United States|
|Headquarters location||2 Pennsylvania Plaza
New York City
|Key people||David Levin, President and CEO
Peter Cohen, President, McGraw-Hill Education School
Philip R. Ruppel, President, McGraw-Hill Education Professional
|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 technology in K-12 and college classrooms, McGraw-Hill Education is transitioning from a print-based business model to customized content sold through subscriptions and other business models. 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 student 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 cash.
Divisions of McGraw-Hill Education include:
- McGraw-Hill Education Higher Ed (MHHE)
- McGraw-Hill Education School (MHES)
- 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.
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|
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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- "StudySync and McGraw-Hill Education Collaborate to Offer Engaging Digital Learning Products for English Language Arts". Publishersweekly.com. 2014-03-03. Retrieved 2014-06-10.
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