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Going public and acquisition by VTech: 2003-present LeapFrog opened its LeapFrog Schoolhouse division, which markets LeapFrog products directly to schools, in 1999. It was the top-selling toy in the US for the years 2001-2002 and books and accessories for the device were the best selling toy in the US in 2003. The LeapPad launched in 1999 and became Leapfrog's flagship product. Explore Technologies' stylus technology was later used in LeapFrog'sВ LeapPad, a learning tablet that sounds out words when users drag a stylus across a word in LeapPad books. Explore Technologies produced the Odyssey Globe, an interactiveВ globethat could call out the names of countries when users touched the globe with a specially designed stylus. LeapFrog acquiredВ Explore TechnologiesВ in August 1998. Kalinske, a former executive atВ Mattel, became LeapFrogВ chief executive officerВ as a result of the merger.

LeapFrog subsequently merged with Knowledge Universe's Knowledge Kids division. Knowledge Universe is an education company founded by brothersВ Lowell MilkenВ andВ Michael Milken,В Larry Ellison, andВ Tom Kalinske. Knowledge Universe acquired a majority stake in LeapFrog in October 1997. In March of that year, the company hired Brad Crawford, who formerly worked forВ Little Tikes, to oversee sales and manufacturing. LeapFrog had distribution in over 10 countries and a number of major clients in the US by early 1997. Expansion and acquisition by Knowledge Universe: 1998-2002 Other retailers such asВ FAO Schwarz,В WalmartВ andВ TargetВ later began carrying the toy. Toys 'R' UsВ became the first major retailer to carry the Phonics Desk shortly before Christmas 1995. The company received $800,000 inВ seed fundingВ from friends, family, and former clients of Wood. That year, Wood resigned as a partner at Cooley LLP and founded LeapFrog Enterprises with Robert Lally. Wood began manufacturing the Phonics Desk in 1995. Wood solicited feedback on his prototype fromВ Robert Calfee, an expert on childrenвЂ™s reading development and a professor of education at theВ Stanford Graduate School of Education. The prototype utilized aВ Texas InstrumentsВ chipВ that was previously used by one of Wood's clients to develop talking greeting cards. By 1994, Wood had developed the first prototype of what would become Phonics Desk, LeapFrog's first product. He began researching phonics and marketing while continuing as a partner at Cooley.

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The history of LeapFrog traces back to the late 1980s when LeapFrog co-founder Michael Wood, an attorney atВ Cooley LLP, В had difficulties teaching his son how to read. 1.3 Going public and acquisition by VTech: 2003-present.1.2 Expansion and acquisition by Knowledge Universe: 1998-2002.This post is not a guarantee of price.ДЄs an Amazon Associate, Smart Spending Resources may earn a commission from qualifying purchases. If the price you see on the Amazon website is different than the price listed here, that means that the deal has sold out or is no longer available. The sale prices listed in this post were valid at the time of the post. See all the Amazon Fresh details and available delivery times for your area at HERE. purchase) on groceries, wine, beer, Amazon Devices, toys, games, crafts, decor and more!

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