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Wednesday, March 1, 2000

FamilyEducation Network Acquires FunBrain.com

FamilyEducation Network, a K-12 and parent network, has announced it has acquired, Chicago-based, FunBrain.com LLC, an edutainment website that links children, parents and teachers. FunBrain.com's monthly pageviews are 35 million and the number of teachers registering to its QuizLab tool is 65,000. FamilyEducation Network will add FunBrain.com's audience and content to its network.

``Anytime you see a site with FunBrain.com's phenomenal organic growth, you have to be impressed,'' said Jonathan Carson, Chairman and CEO, FamilyEducation Network. ``Mike Cirks and his team have shown they can build great products that delight their audience. We are thrilled to add them to the FamilyEducation Network.''

``We have been approached by almost every big player in the kid space. In the end, we directly approached FamilyEducation Network because of their focus and reputation. Their understanding of online communities and their strong management team makes this marriage a necessity,'' said Michael Cirks, Publisher, FunBrain.com. ``The synergies between these two companies are the kind you read about in textbooks. It is conventional wisdom that the Internet will benefit educational communities, and FamilyEducation is making it happen. FunBrain.com could not be more thrilled to be a part of the FamilyEducation Network's unbelievable portfolio of online properties.''


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