internet education founded 2001 headquarters chicago illinois usa key people karan goel ceo co founder avichal garg cto co founder joe jewell vp co founder eva prokop vp business development revenue unknown website prepme.com prepme is a for profit american company that offers online courses and tutoring for standardized achievement tests in particular those offered by the educational testing service ets such as the psat and sat ; and the act offered by act inc. prepme also developed its coursification platform to open its adaptive online learning platform to publishers . the company was founded in 2001 by avichal garg karan goel and joe jewell stanford university of chicago and caltech students respectively . it is based in chicago with a software engineering team in palo alto california . one of the company s co founders avichal garg a former google product manager raised investment capital from other former google employees to fund prepme . the company was incubated at the university of chicago booth school of business polsky center for entrepreneurship after it won the university s 2005 new venture challenge . the company is a 2008 winner of the chicago innovation awards and was featured on the front cover of fortune small business . 1 contents 1 description 2 acquisition 3 media coverage 4 references 5 external links description edit prepme uses adaptive learning technology to provide students with a customized test preparation course specifically targeting individual strengths and weaknesses . on february 1 2007 maine governor john baldacci announced that for three years prepme planned to let every junior in maine use its online sat preparation program without cost to themselves their school or the state . office of the governor release . over 100 000 students have used the company s programs . 1 on may 28 2013 hobsons launched the prepme vocabulary quiz facebook game to help students practice for the sat . 2 acquisition edit in july 2011 prepme s adaptive learning platform was acquired by ascend learning backed by providence equity capital which also owns blackboard inc. and archipelago learning . 3 the acquisition gives ascend ownership of prepme s coursification platform a software service launched in march 2011 that enables customized online learning courses . 4 prepme continues to provide college readiness and preparation services under license from ascend . 5 in february 2012 prepme s psat sat and act test preparation business was acquired by naviance a provider of college and career readiness solutions for high schools and other k 12 institutions . 6 media coverage edit prepme has garnered significant press coverage for its approach and the founding team . this includes 3 startups to watch on cnn november 2005 a startup that puts teenagers to the test in the business life of the financial times for the launch of the first ever sat preparation program geared at 6th 7th and 8th graders october 2006 best entrepreneurs under 25 recognition for all three co founders from business week magazine october 2006 company offers free online sat preparation to maine juniors in boston globe february 2007 start ups change how students study for tests in techcrunch september 2007 anywhere test prep in pc magazine october 2007 prepme aces the college tests in business week magazine october 2008 for former google employees start ups are a family affair in the new york times november 2008 stephen s sound advice how to ace the sats on the colbert report may 2010 prepme s coursification offers a personalized online learning platform in techcrunch march 2011 innovation incubator program from siia may 2011 blackboard buyer providence equity acquires personalized online learning platform from prepme in techcrunch july 2011 references edit a b schonwald john 2005 11 23 . college alumnus becomes first place entrepreneur . university of chicago chronicle . retrieved 2009 03 17 . the prize which the magazine announced this month as its cover story will give goel s new company prepme.com 35 000 . cite error invalid ref tag ; name users defined multiple times with different content see the help page . hobsons launches prepme vocabulary quiz facebook game to help students practice for sat . prweb . retrieved 28 may 2013 . strambor zak 2011 07 18 . blackboard buyer providence equity acquires personalized online learning platform from prepme . techcrunch . retrieved 2011 07 18 . digital learning company ascend learning is acquiring prepme s adaptive learning platform and virtual classroom saas rao leena 2011 03 28 . prepme s coursification offers a personalized online learning platform . techcrunch . retrieved 2011 07 27 . online test prep company prepme is taking on the likes of online course platform blackboard with the launch of coursification a web based application for personalized online learning courses . pletz john 2011 07 26 . prepme sells core technology to vocational ed company . crain s chicago business . retrieved 2011 07 27 . the chicago based startup will continue to offer its products that help students prepare for sat act or psat tests . naviance acquires prepme to enhance college and career readiness solution . prnewswire . 16 february 2012 . retrieved 26 march 2012 . external links edit official website retrieved from https en.wikipedia.org w index.php title prepme & oldid 743337038 categories standardized tests in the united statestest preparation companiessoftware companies based in illinoiseducational technology companiescompanies based in chicagocompanies based in palo alto californiahidden categories pages with reference errorspages with duplicate reference names navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages add links this page was last modified on 9 october 2016 at 05 00 . text is available under the creative commons attribution sharealike license ; 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