WISCONSIN RAPIDS, Wis. (WSAU) --
An online giant has invested in a central Wisconsin business. Google’s venture capital division formed just last year has chosen to put 40-million dollars into Wisconsin Rapids based Renaissance Learning Inc.
London, England based private equity firm Permira purchased Renaissance Learning in 2011. The new investment by Google will also mean a change in the board of directors. Google will have a representative on the board shortly.
Many of the Google Apps programs tie in to education. They were an early investor in Subtext, which Renaissance Learning recently purchased to incorporate into software.
Renaissance Learning Inc. is only the third company Google Capital has invested in. The other two are SurveyMonkey and Lending Club.