
MOBYLIVES » From the “Kids, don’t try this at home” school of economics: HMH saved
The official Press Release: Houghton Mifflin Harcourt Secures New $650 Million Cash Investment and Recapitalizes Balance Sheet in Historic Restructuring
As a part of its strategic business plan, HMH also announced the creation of a $100 million innovation fund to take advantage of its deep technological strength and develop the next generation of educational products and solutions. “This fund will invest in the future of education,” HMH CEO Barry O’Callaghan explained. “Today, schools, teachers, parents, entrepreneurs, and even students are thinking about and developing the educational tools, services, and businesses of tomorrow. This innovation fund is a first for our industry, providing the capital to identify and incubate the next generation of innovation in education.”












