The Learning Company was one of the first educational software companies. It was founded in 1980 in the Palo Alto, California, area by video-game designer Warren Robinett and educators Ann McCormick Piestrup, Leslie Grimm, and Teri Perl. It has been one of the major producers of commercial educational software for the home market, with current titles on the shelves such as the Reader Rabbit series.
The Learning Company began in 1980 with a $130K grant from the National
Science Foundation. In 1982, it was launched commercially with venture-capital
funding. The Learning Company went public in 1992. In 1995,
the Learning Company merged with SoftKey and subsequently acquired several
other educational software companies, such as Broderbund and MECC.
In 1998, the Learning Company was sold to Mattel,
for $4.3 billion.