ACT Teams Up with Nexus Capital

New structures, New directions.

ACT is shifting from being a nonprofit company with 501(c)(3) status to a public benefit corporation with an obligation to drive tangible benefits to the public in addition to its shareholders. In its new partnership with Nexus, ACT will gain access to capital and expertise. ACT struggled financially during the pandemic and has largely stagnated since then. Receiving a significant infusion of cash and additional resources can help the company get back to innovating and diversifying its portfolio of products.

Partnering with Nexus Capital

Nexus has a good deal of exposure to consumer goods but is relatively new to the education sector. In 2019 it purchased Pearson, now Savvas Learning, specializing in K-12 curriculum products. Managing Pearson (Savvas) and ACT pushes Nexus towards a meaningful position in the curriculum and assessment space.