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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 The company claims users in more than 14,000 U.S. Of that figure, about $12.3

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Age of Learning’s Latest Is a $100 Million Educational Game

Edsurge

Age of Learning has plenty of the latter, thanks in part to a $150 million fundraise in 2016. based company, “Adventure Academy” is the culmination of three years of development work, involving roughly 250 employees, including Kevin Beardslee (one of the original developers of World of Warcraft) and more than 3,000 beta testers.

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Open Up Resources Takes A Digital Leap Through Kiddom Partnership

Edsurge

Open Up Resources offers two of the highest-reviewed curriculum for middle-school math and K-5 English, according to EdReports, which evaluates textbooks for rigor, usability and alignment to academic standards. Founded in 2013, the company has raised $21.5 million in investment to date.

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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.” billion in U.S.

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After Layoffs, Math Curriculum Developer Reasoning Mind Sells to Weld North Education

Edsurge

Imagine is owned by Weld North Education, a private equity firm that has amassed a portfolio of more than 10 education technology companies over the years. curriculum market shifted towards purchasing materials aligned materials to Common Core and state academic standards, the organization began building new offerings based on these U.S.

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The Next Social Contract for Public Education Needs New Terms of Service

Doug Levin

Note: The original version of this piece was published on July 7, 2016 by New America as part of an EdCentral series on the next social contract for education: https://www.newamerica.org/education-policy/edcentral/next-social-contract-public-education-needs-new-terms-service/.

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Not enough students have mentors, and we must change that

The Hechinger Report

Fifth graders Davonayshia Hollis, left, and Denaya Rippey, review a group entrepreneurial project for a parent-approved music device, developed in a mentorship program, Thursday May 19, 2016, at Brooklyn’s P.S. 307 in New York. Some companies already encourage their employees to mentor young people through formal or informal programs.

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