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Knewton Was Acquired For Less Than $17M, and Former CEO Brian Kibby Has Left

Edsurge

When Wiley announced back in May that it had acquired Knewton, both companies kept mum on how much the deal was worth. In its most recent earnings report , which covers the three months ended July 31, 2019, Wiley disclosed that it had “spent $73 million in total on acquisitions in the quarter, including zyBooks and Knewton.”

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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. 31, 2020 , and the platform will likely shutter before then, says Ben-Naim, who adds that he and a small staff will help customers transition and move their content to another platform. million in venture capital.

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Deals and More Deals: The Top Edtech Business Stories of 2019

Edsurge

Wiley to Acquire Knewton’s Assets, Marking an End to an Expensive Startup Journey by Tony Wan Knewton, the much-hyped developer of adaptive-learning tools and digital courseware, was acquired by Wiley. billion market value. Here’s what the next chief will be stepping into.

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The Asian Money Fueling US Edtech Investments

Edsurge

The “cultivation of students’ entrepreneurship and innovation capabilities and practical skills” was a priority in China’s 5-Year Plan for 2016-2020. To adapt, many companies are investing domestically, particularly in China, where edtech companies raised more than $1.2 billion in 2016, according to Goldman Sachs. Disrupting Tradition.

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The 100 Worst Ed-Tech Debacles of the Decade

Hack Education

Founded in 2008 by a former Kaplan executive Jose Ferreira, Knewton was one of the most heavily funded ed-tech startups of the decade. Ferreira boasted at a Department of Education “Datapalooza” in 2012 that “We literally know everything about what you know and how you learn best, everything. Socorro Dove.

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