Chegg to Buy Coding Bootcamp Thinkful for $80 Million

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Chegg , a Santa Clara, Calif.-based based publicly traded student services company, plans to buy Thinkful , a Brooklyn-based online coding bootcamp. Both companies’ boards of directors have approved the deal. Chegg had been holding onto $1.1

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Chegg Ditches Ingram for FedEx and Eyes International Growth

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A switch in distributors for Chegg’s legacy textbook sales and rentals business reflects, in a way, how the more things change, the more they stay the same. Ingram bought Chegg’s textbook inventory to sell and distribute, and the companies shared the revenues.

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Edtech Earnings Roundup: How 2U, Chegg, Instructure and Pluralsight Fared in Q2 2019

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The latest quarterly earnings for publicly traded education technology companies was especially rough for 2U , which revised its loss guidance for the year and stated that it expected enrollment challenges to its core business of running online graduate programs with universities.

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Chegg Expands Student Debt Relief Benefit for Employees—Up to $5,000 More a Year

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Now, a publicly-traded education company that serves millions of college students has ramped up student debt relief services for its own employees. Chegg , based in Santa Clara, Calif., To be clear, this is not a new perk for Chegg employees.

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Now With a ‘Sizable Cash Hoard’ of $1 Billion, What Might Chegg Buy?

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Chegg , a publicly-traded provider of textbook rentals and online student services, has closed a $700 million convertible note offering that, after taking expenses into consideration, should give the company an additional $682.7 A portion of this sum will be used by the company for stock repurchases. A Chegg spokesman declined to comment or share additional details. LLC, Barrington Research and Northland Capital Markets were initial purchasers of the Chegg notes.

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The 2019 EdSurde Annual Special: Edtech April Fool’s News That Should Stay Fake

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Congratulations for making it through the first quarter of 2019! Chegg’s chalked up an excuse-generator to help you weasel out of doing homework, taking tests—just about anything. BACK TO THE FUTURE: Weary of unwanted scrutiny, companies that once described themselves as the “Facebook of education” are now scrambling to disassociate themselves from the beleaguered social network. One company is responding with a new approach.

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2U Defends Trilogy Bootcamp Purchase

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Last quarter, online program management company 2U shocked investors with worse than expected losses and, going forward, lower average program enrollment for some of its largest online graduate programs. The company ended 2018 with $449.8 The company also has a long-term debt of $253.5

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Platzi Raises $6 Million to Bring More Online Education to Latin America

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Before they founded a company together, Freddy Vega and Christian Van Der Henst were rivals. The two men joined together for a new company focused on an underserved market in tech training: Latin America. The company also boasts a sizable headcount of 117 full-time employees.

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Springboard Raises $11 Million to Expand Mentor-Driven Coding Bootcamps

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He spent about three months of 2019 learning to design programs. The San Francisco-based company has plans to reach more learners now that it’s raised an $11 million post-Series A financing round. The company says it has trained more than 14,000 students since its founding in 2013.

Predictions of Print Textbooks’ Death Remain Greatly Exaggerated

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The newest voices in that choir come from Bill and Melinda Gates, who declared that “ textbooks are becoming obsolete ” in their 2019 annual letter. The company has invested in a partner rental program that should reach 400 titles in the second half of this year.

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That’s a Rap! Nearpod Buys Educational Hip Hop Creator, Flocabulary

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It’s out of the ordinary when Nearpod buys a company. The Brooklyn-based company best known for fusing hip hop with educational content in music videos and instructional activities, has been acquired by Nearpod , which helps educators beam digital content to students’ devices.

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Mark Cuban, ECMC Lead $1.8M Round for Cluster to Develop Industrial Tech Talent

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Other investors include education technology executives, like Penn Foster CEO Frank Britt and Chegg CEO Dan Rosensweig, along with Zynga founder Mark Pincus and Flatiron Health CEO, Nat Turner. The new roles require new digital skills—with design tools like Siemens NX and CATIA, and companies struggle to find qualified candidates, according to Cluster’s founder and CEO, Kim Taylor. The company is based in Los Angeles, home to many of these companies.

How Merger of Two Textbook Giants Could Impact Course Materials

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That appears to be the hope of officials at the two companies, which have both been trying for years to shift the focus of their businesses from selling print books to shipping software and other online tools, and have recently been experimenting with subscription models.

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Gig’s Up: CreatorUp Raises $1 Million to Train and Match Creative Professionals for Work

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This is the first round of funding for the Los Angeles-based company, which has been bootstrapped since its founding in 2013. CreatorUp is a digital media studio and training company with an educational program to train aspiring creative professionals in business and digital production.

Edtech Industry Magnate Michael Moe Makes a Pivot

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In the global marketplace and growth economy, your education and your knowledge makes the difference, not only for an individual but for a company and, for that matter, a country. public market cap companies. We’re starting to see companies emerge that are becoming large.

Where in the World Is Planet3? An Educational Gaming CEO Seeks His Second Act

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But at an all-hands meeting at the company’s Washington, D.C. Some employees hoped the company could turn around and stayed on without pay. “We Esther Wojcicki, the esteemed journalism teacher at Palo Alto High School, joined in 2016 as the company’s chief learning officer.

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The 100 Worst Ed-Tech Debacles of the Decade

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You can read the series here: 2010 , 2011 , 2012 , 2013 , 2014 , 2015 , 2016 , 2017 , 2018 , 2019. Without revenue the company will go away. Or the company will have to start charging for the software. The company has not been charged in the matter.).

Can Technology in the Classroom Replace Expensive Textbooks

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Cengage recently introduced a new subscription model that gives students access to all of the company’s digital course materials for a semester or an year. Similarly, Pearson has made some of its textbooks available for rent through Chegg. Increase in Textbook Prices Over the Years. It is believed that textbook prices have skyrocketed over the last few years.

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Top Trends Higher Education Textbook Publishers Must Follow

Kitaboo on EdTech

billion cut in funding for the education department, compared to a 10% decrease in 2019. Companies like Chegg, eFollett, and BookRenter are offering new textbooks on rent for less than the price of a used book. Today, a lot of companies offer subscription-based services. The state of the US higher education market looks slightly subdued on account of the fact that the government has reduced funding for higher education.

K12 Eyes Further Deals After $165M Acquisition of Coding Bootcamp Galvanize

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Another bootcamp has been gobbled up by an education technology company looking to break into the corporate learning and career readiness market. million in cash, plus some stock, for Fullstack Academy, and Chegg’s Thinkful purchase for $80 million.

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