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Cengage, McGraw-Hill Agree to Merge to Become 2nd Biggest US Textbook Publisher

Edsurge

The new company will retain the McGraw Hill name, but will be led by Michael Hansen, currently the CEO of Cengage. Like other established textbook publishers, both companies have reoriented their businesses around digital offerings. McGraw-Hill Education filed for an IPO in 2015 but withdrew three years later. billion in 2013.

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Pearson Signals Major Shift From Print by Making All Textbook Updates ‘Digital First’

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The biggest education company in the world is moving away from a production model that has been one of the main drivers in the rising cost of textbooks. And focusing on digital makes the secondary textbook market even less attractive, since students have to buy access directly from Pearson to get course materials.

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Why the World’s Youngest Continent Got an Edtech Accelerator

Edsurge

Previously a consultant and policy adviser to Michael Gove, the United Kingdom’s former Secretary of Education, Martin first explored growth opportunities for international education companies in Africa in 2015, after leaving his gig at Boston Consulting Group. In return, Injini takes up to 15 percent of equity in each company. “We

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The Asian Money Fueling US Edtech Investments

Edsurge

So states a recent Wall Street Journal report on the tens of billions of dollars that Chinese companies have poured on U.S. To adapt, many companies are investing domestically, particularly in China, where edtech companies raised more than $1.2 Edtech Companies With Asia-Based Investors. Based Company.

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Digital Learning’s Pioneers Are Cautiously Optimistic

Edsurge

It represents a category of edtech, called “digital courseware” by foundations and industry analysts, that’s changing the way online students learn and faculty teach. These solutions promise to broaden access to quality education, engaging learners who might not make it through impersonal introductory lectures.

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Michelson Runway Announces 5 Higher-Ed Startups in Inaugural Cohort

Edsurge

Michelson Runway , a San Francisco-based accelerator, announced the handful of companies that will be in its inaugural cohort. The accelerator is a partnership formed in 2015 between Pasadena, CA-based nonprofit Michelson 20MM Foundation and San Francisco incubator Runway. We’re learning alongside these institutions.”

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K-12 Dealmaking: Investor Weld North, Learn Launch Make Big Moves

Marketplace K-12

Liam Pisano, managing director of LearnLaunch, an organization that supports the ed-tech community and offers an accelerator program, said in a statement that the partnership would enable his organization to offer “more expertise to the ed-tech startup community to help grow their businesses and transform learning.”. based school provider.

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