Online K-12 schooling on the rise

Katerina Christhilf is training to become a ballerina. She dances four days a week, up to eight hours on Fridays, when most seventh graders would be at school. That’s why Katerina goes to school online.

“Sometimes I’ll study in the morning and I’ll do a few classes and then I’ll go to ballet for maybe, like, three or four hours and I’ll come back home and do some more,” she said.

An estimated quarter of a million students in Kindergarten through 12th grade were enrolled in full-time online schools last year, a 25 percent increase over the previous year. K12 Inc., a for-profit company, runs many of the programs, contracting with school districts that receive state aid for online education.

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Virtual Schools, Real Businesses

Ron J. Packard, the chief executive of K12, an online education company in Herndon, Va., is adamant that he runs a public school. “We are more public than any other public school in the country,” he says. “You don’t have to buy a million-dollar house in the suburbs to come to my schools. We take every child who comes, regardless of income, race or ability.”

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Scott County explores ‘virtual school’ program

GATE CITY — Scott County Public Schools could be the next system in Southwest Virginia to have its own “virtual school” after officials entered into discussions earlier this month with the company that would administer the program.

The Scott County Board of Education voted unanimously at its July meeting to let interim Superintendent John Ferguson begin negotiations with K12 Medallion, Inc., the nation’s largest for-profit online education provider.

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Herndon’s K12 Inc. obtains $125 million in funding for online education services

Investors see a bright future in online education. Herdon, VA based K12 Inc. announced that Technology Crossover Ventures (TCV), a leading provider of growth capital to late-stage private and public companies, has agreed to purchase a minority stake valued at $125 Million in K12 to support the company’s expansion.

Founded in 2000, K12 is one of America’s largest provider of curriculum and online education programs for students in kindergarten through high school. K12 offers the services using its own proprietary platform. It has provided over two million courses to students worldwide and serves online public schools in 27 states.

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K12 Inc. Announces Acquisition of KC Distance Learning, Inc.

HERNDON, Va., Jul 26, 2010 (BUSINESS WIRE) — K12 Inc. /quotes/comstock/13*!lrn/quotes/nls/lrn (LRN 25.37, +1.07, +4.40%) , one of the nation’s largest providers of proprietary curriculum and online school programs for students in kindergarten through high school, announced today the all-stock acquisition of KC Distance Learning, Inc. (KCDL), a privately-held, nationally-recognized provider of distance learning programs for middle and high school students, with a newly-issued class of non-voting shares having a value of $63.1 million under the terms of the Merger Agreement.

The acquisition bolsters K12′s position as a leader in K-12 online education and a premier provider of virtual school solutions. The move adds a new line of products and services to K12′s robust offerings for public and private schools, international schools, and individual consumers. Additionally, K12(R) significantly increases the size of its online private school offering through the acquisition of KCDL.

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