Xerox Corporation (NYSE:XRX) entered into an agreement to acquire Learning Services of Intrepid Learning Solutions, Inc. on November 17, 2014. The transaction does not include Intrepid's cloud-based learning technology business. Sam Herring, Intrepid Learning's Chief Executive Officer, will continue to lead the new Intrepid organization after the transaction is completed. Intrepid and its 260 employees will continue operating from its Seattle and Mukilteo locations. The transaction is subject to completion of customary closing conditions. Wilson, Sonsini, Goodrich & Rosati acted as legal advisor to Intrepid Learning Solutions, Inc.

Xerox Corporation (NYSE:XRX) completed the acquisition of Learning Services of Intrepid Learning Solutions, Inc. for $28 million in January 2015.