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Who is the Theranos of Education?

Edsurge

Over the last few months, biotech company Theranos has re-entered the conversation due to a slew of newsworthy happenings—the Elizabeth Holmes trial finally came to an end with four of 11 charges of fraud, and Hulu announced The Dropout’s debut while Apple Original Films’s Bad Blood is currently in production. Money came flowing.

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Deals and More Deals: The Top Edtech Business Stories of 2019

Edsurge

Here’s a look at the biggest edtech business stories of 2019—the ones that captured the most attention, and the ones that should have your attention. But the Denver-based company may find itself in a crowded herd, with competitors new and old jostling for a slice of the $20 billion market. (We Yes, stay tuned for our 2019 analysis.)

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Knewton Was Acquired For Less Than $17M, and Former CEO Brian Kibby Has Left

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When Wiley announced back in May that it had acquired Knewton, both companies kept mum on how much the deal was worth. In its most recent earnings report , which covers the three months ended July 31, 2019, Wiley disclosed that it had “spent $73 million in total on acquisitions in the quarter, including zyBooks and Knewton.”

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COVID-19 Has Widened the Skills Gap. But It Also Presents an Opportunity to Close It.

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employees working from home and interacting with colleagues and customers remotely at the peak of the pandemic, many companies began to invest in digital transformation initiatives to address gaps in cloud adoption and cybersecurity. In 2008, it was global experience. Many employers are wrestling with their own Catch-22.

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The Past Decade Forecasts a New Wave of Economic Opportunity in Education

Edsurge

From 2008 to 2019 we have witnessed a 4,000-plus percent expansion in the number of funded edtech startups, and the best startups can become unicorns. From 2015 to 2019, entrepreneurs created 11 times the number of education unicorns compared to 2005 to 2014. Distance reduction allow companies to compete worldwide.

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Turnitin to Be Acquired by Advance Publications for $1.75B

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A company best known (and sometimes rebuked) for its plagiarism checker has just received one of the biggest checks in the education technology industry. billion, is expected to close in the second quarter of 2019. Over the years, it saw the most success in education and the company shifted to focus specifically on that market.

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New Ownership for an LMS Giant: Private Equity Firm to Buy Instructure for $2 Billion

Edsurge

The company says its tools are used by more than 30 million people across the education and corporate learning markets. Instructure is currently a public company, and its leaders say a move to private ownership will allow it to invest more in its software and potentially make more acquisitions.

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