Instructure Acquires MasteryConnect for $42.5 Million to Expand K-12 Footprint

Edsurge

Instructure , the publicly traded company best known for its learning management systems (LMS) Canvas and Bridge, has agreed to acquire a fellow Salt Lake City-based education technology company, MasteryConnect , for $42.5 Founded in 2009, MasteryConnect offers a platform where teachers can plan lessons, create and deliver assessments, and track how students perform against academic standards. The company claims users in more than 14,000 U.S.

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MasteryConnect Cuts 30 Percent of Staff, Brings Co-Founder Mick Hewitt Back as CEO

Edsurge

But when funding dries up and profits remain elusive, companies have to make tough cuts. Back in the driver’s seat is Mick Hewitt, who co-founded the company in 2009 and served as its first CEO. He adds: “As a venture-funded company, there’s been a decision to get to profitability in the next nine to 12 months.” MasteryConnect aims to help teachers plan lessons and track how students perform against academic standards.

Trouble With the Curve: Estimating the Size and Growth Rates of K-12 Markets

Edsurge

For example, specific policies regarding academic standards, testing requirements, and charter school authorization caps can give rise to specific types of products. The teacher evaluation market has grown dramatically over the last few years, driven by the 2009 implementation of. Common Core, Next Generation Science Standards, etc.). The fit of your company and product for the particular region.

In Successful Edtech, Pedagogy Comes First—Devices Second

Digital Promise

These tools help us identify and then address -- through intervention or enrichment -- individual students' needs around each of the major academic standards. A recent study within a number of school districts, including the Middletown City School District, showed significantly greater academic growth in blended learning versus traditional classes. But in recent years, we've seen a spike in the number of smaller, tightly focused, niche edtech product companies.

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