HMH Learning
Digital access to core curriculum textbooks and assessments from HMH — now a Veritas Capital company
Owned by: HMH (Houghton Mifflin Harcourt) / Veritas CapitalFirm
HMH (Houghton Mifflin Harcourt) is one of the oldest and most recognized names in American K–12 publishing. Its digital platforms deliver core curriculum content — ELA, math, social studies, science — that were once delivered exclusively through physical textbooks. In 2022, HMH was acquired by Veritas Capital, a firm that also owns Cambium Learning (Raz-Kids, DreamBox), NWEA (MAP testing), Blackboard, and Anthology. This positions a single firm across a student's core curriculum content, adaptive practice, standardized testing, and learning management systems — one of the largest concentrations of student data in the hands of a single firm owner.
The Full Picture
The Good
- Trusted curriculum content with decades of educator review — not algorithmically generated content
- Digital access means students can access textbook content at home without carrying heavy physical books
- Teacher edition and lesson planning tools are genuinely useful for new teachers
- Alignment to Pennsylvania state standards built into the curriculum
- Familiarity — HMH has been in schools so long that most teachers know the content and where to find what they need
The Bad
- Veritas Capital also owns Raz-Kids, DreamBox, NWEA/MAP, Blackboard, and Anthology — one firm now controls core curriculum, reading practice, math practice, standardized testing, and the LMS for many U.S. students
- Physical textbooks are being replaced by digital licenses that expire and must be renewed — creating perpetual revenue extraction from school budgets
- Digital curriculum platforms collect engagement data on every page view, video watched, and assessment answered
- Students who lose Chromebook access (dead battery, broken device, internet outage) cannot access their core curriculum
The Worse
- The Veritas Capital portfolio represents the most concerning single-ownership concentration of student data in U.S. K–12 education — one firm can theoretically correlate a student's core curriculum engagement (HMH), reading practice (Raz-Kids), math practice (DreamBox), and standardized test scores (NWEA MAP) across their entire school career
- Digital curriculum licensing has eliminated the option to own a physical textbook — a district that cannot afford renewal loses access to core instructional materials mid-year
- Veritas Capital is a defense-focused firm (it owns major defense contractors) — its entry into K–12 education is financially motivated, not mission-driven
- When HMH went digital-first under firm ownership, it eliminated thousands of editorial and curriculum development jobs — cost-cutting that affects content quality
Privacy Deep-Dive
Veritas Portfolio
HMH + Raz-Kids (Cambium/Learning A-Z) + DreamBox + NWEA (MAP Testing) + Blackboard + Anthology = one firm across the entire student data lifecycle
Data Collected
Page views, assignment submissions, assessment scores, video engagement, teacher interactions — per student, per session
FERPA
HMH acts as school official; DPA required; data not sold
Cross-Platform Risk
If Veritas analyzes data across its portfolio companies, a single firm could build detailed profiles of students from kindergarten through high school
License Model
Digital licenses must be renewed annually — no perpetual access to content
Defense Connections
Veritas Capital's primary portfolio is defense contractors — K–12 education is a financial investment, not a mission-aligned business
What It Replaces in the Classroom
Questions for the District
Sources
- Veritas Capital acquisition of HMH (2022) — veritas.com
- HMH Privacy Policy — hmhco.com/privacy-policy
- Veritas Capital portfolio overview — veritas.com/portfolio
- LMSD COPPA Vendor List — lmsd.org
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