article thumbnail

Varsity Tutors to Go Public at $1.7B Valuation Through SPAC Acquisition

Edsurge

Being nerdy pays off, and soon there will be another education technology company on the public market. Nerdy, the parent company of Varsity Tutors , an online tutoring platform, will be acquired by TPG Pace Tech Opportunities, a special purpose acquisition company. In 2020, users logged over 4.7 Louis Post-Dispatch.

lynda.com 214
article thumbnail

Science Interactive Group Acquires Another Company to Grow Its Lab Education Kits

Edsurge

In business, two companies may join to build a stronger foundation, winning new customers and offering more services to existing ones. At least, that’s the idea for Tim Loomer, CEO of science education holding company Science Interactive Group. The combined science lab kit company will use the name “Science Interactive” in January.

Company 80
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Hobsons’ Higher Ed Business Split and Sold in Separate Deals Totaling $410M

Edsurge

But it has been actively expanding its portfolio, purchasing nearly a dozen edtech companies over the past five years. based company claims it serves more than 45 million students in more than 80 countries. Both companies are currently owned by private equity firm Vista Equity Partners. Across these products, the Folsom, Calif.-based

Schoology 156
article thumbnail

Lexia Celebrates 40th Anniversary 

eSchool News

Since its founding in 1984, Lexia has grown from a small home-based business in Lincoln, Massachusetts, to a company with nearly 1,000 employees currently serving more than 6.8 It was out on the fringes,” said Lexia President, Nick Gaehde who joined the company as its head in 2005.

Company 52
article thumbnail

Biden’s infrastructure plan would create plenty of jobs, but who will do them?

The Hechinger Report

He now makes more than $100,000 as a project lead for a company that installs wind turbines. More than 60 percent of the construction workers who lost their jobs from 2007 to 2009 never returned to the industry, said Michael Ibrahim, an assistant professor of civil engineering at California State University, Los Angeles.

Industry 125
article thumbnail

Chinese New Year- What Animal Am I?

Educational Technology and Mobile Learning

1924, 1936, 1948, 1960, 1972, 1984, 1996, 2008, 2020), you will probably have these characteristics: "You see roadblocks as opportunities, and you have tons of creativity that keeps you from getting bored. Zodiac animal: Rat Rat in Chinese culture is associated with affluence, wealth, and surplus. If you were born in the Dog year (e.g.,

article thumbnail

The Clock Is Ticking for This Edtech Buyer to Find a Deal

Edsurge

If it seems baffling that companies with no revenue can raise money from private investors ( ahem , as some edtech startups did in the early 2010’s), then EdTechX Holdings might just sound outright crazy at first. EdTechX Holdings is a “special purpose acquisition company,” or SPAC for short.

EdTech 81