Thursday, October 30, 2014

Sibling Group Holdings, Inc. (SIBE) Holds Letter of Intent to Acquire Urban Planet Media & Entertainment

Sibling Group Holdings, an educational technology holding company, announced that it has an agreement with intentions to acquire Urban Planet Media & Entertainment Corp., the operator of the Urban Planet Mobile™ education software platform, a private mobile media company focused on creating content and solutions in education, healthcare and literacy.

Urban Planet Mobile™ was co-founded in 2007 by its Chief Executive Officer Brian Oliver-Smith to create products that make use of digital technology and mobile devices to reach all people, at any location – particularly those with limited or no access to high-quality education. Winner of five global awards for mobile learning, including the GSMA Global Mobile Award for Best Mobile Learning Innovation, UPM creates and distributes content for English language learners, and recently expanded into other areas such as literacy and mobile health.

Maurine Findley, CEO of Sibling commented, “We are very excited about the prospects of combining the operations of Urban Planet Mobile and Sibling Group. UPM has a great reputation, a strong team, and a proven track record of global sales and marketing. UPM has seen significant growth in emerging markets with education solutions that meet the needs of those countries. By combining UPM with our Blended Schools Network operations we will solidify our position as a leader in education solutions. UPM’s management team, led by Brian Oliver-Smith, will make an excellent addition to the Sibling Group family. The UPM acquisition continues the Sibling Group goal of leveraging technology and high quality content to reach all students, which drives value for all stakeholders.”

Sibling Group Holdings, by way of its wholly owned subsidiary Blended Schools Network (BSN), provides quality online curriculum for the K-12 marketplace. Additionally, the company offers complete hosted course authoring tools, professional development for teachers and a learning management system (LMS) environment. Sibling Group Holdings is focused on growing its market share through new product development to meet the global trend towards using educational technology to boost student performance.

For more information on the company, visit www.siblinggroup.com

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