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IXL to Acquire Australian Digital Instructional Provider, 3P Learning, for $135 Million

Edsurge

based provider of digital K-12 instructional and assessment tools has agreed to acquire Australian education technology company 3P Learning in an all-cash deal worth approximately AU $189 million, or approximately US $135 million. That price later dipped below $1 in 2016 and never climbed back to the $2-dollar mark. school districts.

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Utah’s Edtech Unicorn, Pluralsight Files for Initial Public Offering

Edsurge

It raised an additional $30 million in 2016 at a $1 billion valuation—thus earning the “unicorn” label. The company has raised more than $200 million in venture capital from investors including Insight Venture Partners and ICONIQ Capital. The company claims its most popular teachers can make millions of dollars through this model.

EdTech 119
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AeroFarms Celebrates World Environment Day with Bronx School PS 85

eSchool News

In 2016, Former First Lady Michelle Obama visited the PACS farm as part of a national tour to promote health and well-being. About AeroFarms Since 2004, AeroFarms has been leading the way for indoor vertical farming and championing transformational innovation for agriculture.

Company 84
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Pearson Returns to the Buyer’s Table With Workforce Education Deal

Edsurge

Since the turn of the century, Pearson has acquired more than two dozen education companies. But last year, as it was selling assets and slashing jobs left and right amid a major reorganization, CEO John Fallon said the company had curbed its appetite for buying startups. It was just the right company at the right time.”.

Pearson 81
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Why I’m Optimistic About the Next Wave of Education Technology

Edsurge

1993-2004: Building the Infrastructure. Working closely with partners, I spent the years from 1993 to 2004 starting and leading a handful of technology startups. 2004-2011: Washington Leans In. Not yet convinced? Join me on a quick tour of the past quarter century in education technology history. billion in 2010.

Kaplan 163
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In Move Towards Nonprofit, Grand Canyon University Sells for $875M

Edsurge

Grand Canyon Education, a publicly-traded education company, announced today it has sold Grand Canyon University for $875 million to form a nonprofit. But in 2004 Grand Canyon University found itself facing closure—with$20 million in debt—and with less than 1,000 students, and switched to become a for-profit institution.

Kaplan 73
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Silver Lake Acquires Majority Stake in Weld North’s Digital Curriculum Business

Edsurge

For more than two decades, Jonathan Grayer has made a career out of welding educational companies. In 2010, he pooled his own money with KKR, a private equity firm, to launch Weld North , which has since acquired another 16 edtech companies (and invested in 4 others). Yet that’s not all.