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NewsRedwood Advises Cogmed Systems AB in its Sale to Pearson plc06.29.10
Cogmed is the only provider of evidence-based software training programs that significantly and sustainably improve the brain’s Working Memory. The financial details of the acquisition have not been disclosed. Redwood Capital acted as exclusive financial advisor to Cogmed in connection with the transaction. About Karolinska Development About Pearson About Redwood Capital Group For further information, please contact: Public Relations |
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Stockholm, Sweden – Karolinska Development has divested Cogmed, one of Karolinska Development’s portfolio companies, to Pearson where it will become part of Pearson’s Clinical Assessment business. Karolinksa Development and other owners will receive an up front payment, as well as tiered royalties up to double digit levels until June 2012 on Cogmed sales. Karolinska Development holds 51.83 percent of Cogmed. Pearson will take possession on June 29, 2010.