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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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Knewton’s New Business Attracts New $25M in Funding. But Some Things Don’t Change.

Edsurge

The company that set the bar for hyping adaptive-learning technology has had to adapt to new leadership and a new business model. Knewton has raised $25 million in a new funding round—the eighth since it launched in 2008. But some things seem to stay the same—such as its ability to win new investors and capital.

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Pearson Bets on Adaptive Learning (Again) With $25M Acquisition of Smart Sparrow

Edsurge

The following year, Knewton was bought in a deal that has become a poster child for education technology hype. Already, the Sydney, Australia-based company has pulled back on its social media presence. In 2014, the Gates Foundation awarded the company a $4.5 One such provider, Acrobatiq, was acquired in 2018.

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The 100 Worst Ed-Tech Debacles of the Decade

Hack Education

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. Boundless’s materials have been archived by David Wiley’s company Lumen Learning. And “free” doesn’t last.

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