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New Initiatives from Riverdeep Group. (Educational E-publishing).(alliances boost sales earnings)(Brief Article)
SEVERAL RECENT PURCHASES and alliances have boosted first-quarter sales for six-year-old Riverdeep Group plc of Cambridge, Mass., and Dublin, Ireland, which develops and distributes multiplatform k--12 educational software for the home and school, including Destination Math and Science Explorer.
For the quarter ended September 30, 2001, Riverdeep's revenue jumped to $29.6 million, from $4.1 million for the same quarter a year ago. It had adjusted net income of $3.2 million, compared with a loss last year of $7.9 million.
Riverdeep's September acquisition of the Learning Company (TLC) name and software, including Reader Rabbit, Carmen Sandiego and Mavis …
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