Amazon has agreed on a deal to acquire TenMarks, a company that specializes in creating educational, mathematic content and applications for teachers, students and parents.

Since Amazon engages with millions of students around the world through their Kindle ecosystem and thousands of schools across the globe use TenMarks's award-winning math programs, the giant retailers thought it befitting to team up with TenMarksto develop rich educational content and applications, across multiple platforms, that teachers, parents and students can use.

"Amazon and TenMarks share a commitment to developing easy-to-implement solutions for schools and families," said Rohit Agarwal, TenMarks co-founder. "We currently offer teachers, students and parents access to effective resources to foster the vision of the Common Core curriculum in math, including scalable professional development and tools for connecting with parents. We back this belief with our business model, where teachers can register and access our product for free, while being able to opt in for premium features, if needed. Going forward, we believe Amazon and TenMarks will create significant innovations in the K-12 arena."

TenMarks offers personalized online math instruction and practice in a clear, manageable format for students. These programs are accompanied with helpful hints, video lessons, and real-time results. TenMarks's products are designed to help students be individually motivating, engaging and nurturing them.

Details about the acquisition were not revealed. However, it has been said that depending on certain conditions, the acquisition is expected to close by the end of this year.