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Heard, Overheard and Announced at ISTE 2016

Edsurge

It brings together K-12 educators, companies, reporters, university professors, and students to talk about product announcements, implementation strategies and edtech trends. Matty Fox (@what2foxsay) June 28, 2016. The ISTE conference isn’t the biggest edtech conference in the world by sheer luck. Wondering about Apple?

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Who is the Theranos of Education?

Edsurge

Over the last few months, biotech company Theranos has re-entered the conversation due to a slew of newsworthy happenings—the Elizabeth Holmes trial finally came to an end with four of 11 charges of fraud, and Hulu announced The Dropout’s debut while Apple Original Films’s Bad Blood is currently in production. Money came flowing.

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ASU Agrees to Independent Investigation of Its Online Textbook Practices

Edsurge

He alleged that the university was requiring students in many microeconomics courses to buy a digital homework tool called MindTap so that the university would get for a grant from Cengage, the textbook company that makes it. The combined companies would form the second largest textbook publisher, behind Pearson.

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Wiley to Acquire Knewton’s Assets, Marking an End to an Expensive Startup Journey

Edsurge

In the second eye-raising deal for the higher-ed publishing industry in as many weeks, Wiley, a major textbook publisher, has agreed to acquire the assets of Knewton, a provider of digital courseware and adaptive-learning technologies. The New York City-based company has raised more than $180 million in investment capital.

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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. The “cultivation of students’ entrepreneurship and innovation capabilities and practical skills” was a priority in China’s 5-Year Plan for 2016-2020. billion in 2016, according to Goldman Sachs.

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Rethink Education Re-Ups Commitment to Edtech With $107.5 Million Fund

Edsurge

education technology startups ebbed in 2016, dipping roughly 30 percent in deal volume and value from the previous year. But as some disappointed investors have learned last year, the actual market value and performance behind “unicorns” may be as illusory as their nickname. 2016 US Edtech Funding Totals $1 Billion.

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Education Behemoth Pearson to Cut 4,000 Employees, 10 Percent of Workforce

Marketplace K-12

Pearson today announced that it is responding to rocky conditions and poor performance in international markets by laying off 4,000 workers and putting a greater focus on adaptive courseware and classroom products, as well as blended and online learning. Ramping Up Online Programs.

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