Sibling Group Holdings, Inc. announced that it is acquiring AcceleratingED, LLC and is naming its founder, Dave Saba, as President of Sibling. Also joining the board of directors at the end of January will be Frank Lightmas, age 62, who was a founder of Newco4education, LLC which was acquired by Sibling in 2010. Lightmas is a securities and arbitration attorney who graduated from Harvard University in 1973 with an A.B. in government and received his J.D. From Vanderbilt University in 1976.

To make room for the new directors, the board recently accepted the resignations of Michael Hanlon and Peirce Sullivan who had served for the last year.