Learning.com Announces New Capital Investment by Educomp Solutions and First Analysis

Partnership Supports Learning.com to Accelerate Development of
New, Innovative Digital Curriculum Solutions for K-12 Teachers and
Students
PORTLAND, Ore.--(Business Wire)--
Learning.com, the premier provider of digital curriculum, today
announced new capital investments from Educomp Solutions LTD., and
from existing shareholder First Analysis Corporation. Through these
capital investments, Learning.com will accelerate developing its
vision to implement even more innovative and effective digital
curriculum offerings, and expand the capabilities of its Digital
Learning Environment.

Learning.com, a privately owned company, has pioneered
Web-delivered education solutions, including Aha!Math, a K-5
supplemental math curriculum; EasyTech, a K-8 technology literacy
curriculum, and TechLiteracy Assessment, an authentic assessment that
measures and reports students' technology skills.

Educomp Solutions is the largest technology-driven education
company in India. The company works closely with schools to implement
innovative models to create and deliver content to enhance student
learning. It sought to invest in a U.S.-based education company that
shared its commitment to excellence in education.

"We are highly impressed with the vision demonstrated by
Learning.com's management team, the company's record of delivering
effective products, and its ability to execute on its mission," says
Shantanu Prakash, CEO of Educomp. "We look forward to working with the
Learning.com management team to support students worldwide to learn in
an effective online environment," says Sandeep Kumar, President of
Edumatics Corporation, the U.S. education subsidiary of Educomp.

First Analysis, an existing shareholder with Learning.com,
continues as an investor for these same reasons, says Clement Erbmann,
Managing Director for First Analysis. "We are convinced Learning.com
is on an excellent path to achieve its business goals and mission to
support student learning. We are excited about the future with this
management team in place."

Learning.com was founded in 1999 by William J. Kelly and Barclay
Burns, Ph.D., who remain integral members of Learning.com's management
team. The company launched EasyTech, its technology literacy
curriculum, in 2001, followed by its technology literacy assessment in
2006. Aha!Math, a supplemental math curriculum, was released in 2007.

"This investment from Educomp propels Learning.com forward at a
trajectory that will allow us to move even more quickly to create both
the best digital curriculum solutions, and intuitive features and
functionality supporting those solutions through our Digital Learning
Environment," says Kelly.

Burns echoed this enthusiasm for the investment. "We are pleased
that both a new investor, Educomp, and long-time investor, First
Analysis, share a high level of confidence in the direction
Learning.com is heading."

About Learning.com

Learning.com, the premier provider of Web-delivered curriculum and
assessment, partners with schools and districts to improve student
learning outcomes. The Portland, Ore.-based company transforms
learning experiences through its understanding of the art and science
of Web-based teaching and learning. Founded in 1999, it serves nearly
two million students in schools across the United States. Its
award-winning solutions are EasyTech, a proven, K-8 technology
literacy curriculum that helps students develop and apply technology
skills in math, language arts, social studies and science;
TechLiteracy Assessment, an authentic technology proficiency
assessment that provides educators with the data to understand how
well students grasp foundational technology skills; and Aha!Math, an
interactive K-5 supplemental math curriculum that supports teachers to
improve students' foundational math skills while developing their
higher level problem-solving and reasoning skills. For more
information, please visit www.learning.com or call 800-580-4640.

About Educomp Solutions Ltd.

Educomp Solutions Ltd. is the largest technology-driven education
company in India. In the U.S., Educomp's presence is via its fully
owned subsidiary, Edumatics Corporation, based in Ventura, Calif.
Educomp serves more than 3.6 million learners and educators across
India, the United States and Singapore. The company works closely with
schools to implement innovative models to create and deliver content
to enhance student learning. Educomp has been at the forefront of
various pioneering initiatives in the e-education space. Notable among
them are the "teacher-led" content system called Smart_Class that
dramatically improved learning effectiveness in classrooms;
development of India's largest K12 content library with more than
12,000 modules of rich, 3D content aligned to Indian and various
international learning standards; India's first structured pre-school
learning system: Roots 2 Wings; online learning initiatives like
Mathguru.com; and pioneering Education Process Outsourcing in India
through the Learning Hour platform, which has emerged as a benchmark
for many similar initiatives. For more information visit
www.Educomp.com.

About First Analysis Corporation

First Analysis Corporation is a leading private growth equity
investor. Its research-focused investment professionals develop and
maintain deep domain expertise in specific sectors, each of which
belongs to one of its core areas of focus: outsourced services
including Education, information technology, and chemistry-enabled
businesses. First Analysis was founded in 1981. For more information
visit www.firstanalysis.com.

Edelman
Caitlin Fox, 503-471-6826
caitlin.fox@edelman.com

Copyright Business Wire 2008