Riverdeep
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Riverdeep Interactive Learning is a publishing house for educational online and CDROM products based in San Francisco and Dublin, Ireland, founded in 1995. Riverdeep's CEO and controlling shareholder is Barry O'Callaghan.[1]
Riverdeep's growth has been characterized primarily by acquisition, followed by a gradual laying off of staff, and ultimately republishing the best known titles.
In October 2002, Riverdeep became a private entity when their stock price plummeted below $2 in NASDAQ.[1]
On September 20, 2004 Riverdeep moved its Novato office to 100 Pine Street in San Francisco.
On December 22, 2006, it was announced that Riverdeep PLC had completed its acquisition of Houghton Mifflin. The new joint enterprise would be called the Houghton Mifflin Riverdeep Group. Riverdeep paid 1.75 billion in cash and assumed $1.61 billion in debt from the private investment firms Thomas H. Lee Partners, Bain Capital Partners and The Blackstone Group. [2] Tony Lucki, a former non-executive director of Riverdeep, will remain in his position as Houghton Mifflin's chief executive officer. [3]
