Google Inc.'s new investment arm has $300 million in fresh capital to put to work this year and is starting the deal making with its first foray into Web education.It's a renaissance;
Google Capital is putting $40 million into Renaissance Learning Inc., an education software company....
Renaissance, owned by British private-equity firm Permira Advisers, provides cloud-based education software, including reading and assessment tools that the company says are used by nearly 20 million students and teachers in more than 60 countries.
Founded in the 1980s, Renaissance Learning was publicly traded until 2011, when it was acquired by Permira $455 million after a bidding war. The company, based in Wisconsin, also lets students and teachers exchange ideas via the Web or on mobile devices. Students from kindergarten through high school use the software to improve their reading and math skills.Resistance is futile! But we're sure some teachers unions won't think so.