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

Edsurge

Already, the Sydney, Australia-based company has pulled back on its social media presence. On its website , the company claims it has more than 700 institutional customers across the K-12, higher education and corporate learning space. In 2014, the Gates Foundation awarded the company a $4.5

Pearson 99
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Can a For-Profit, Venture-Backed Company Keep OER Free—and Be Financially Sustainable?

Edsurge

New and traditional publishers are trying to offer alternatives such as open educational resources (OER), or freely downloadable and adaptable learning materials. But some providers of OER still ask for fees in return, and that has advocates concerned.

OER 66
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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.

Knewton 141
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Hitting Reset, Knewton Tries New Strategy: Competing With Textbook Publishers

Edsurge

Knewton drew heaps of hype and investment by promising to provide artificial-intelligence technology to major textbook companies to make their content more adaptive. Now the company has pivoted, and it is poised to formally announce its own online courseware that will compete head-to-head with those publishing giants.

Knewton 115
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Pearson Signals Major Shift From Print by Making All Textbook Updates ‘Digital First’

Edsurge

The biggest education company in the world is moving away from a production model that has been one of the main drivers in the rising cost of textbooks. And focusing on digital makes the secondary textbook market even less attractive, since students have to buy access directly from Pearson to get course materials.

Pearson 165
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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. The rest comes from company’s existing investors, including Accel, Atomico, Bessemer Venture Partners, FirstMark Capital, First Round Capital, Founders Fund and Sofina.

Knewton 65
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Showing #OpenGratitude for: OpenStax

Iterating Toward Openness

From their website: OpenStax is a nonprofit based at Rice University, and it’s our mission to improve student access to education. Our adaptive learning technology, designed to improve learning outcomes through personalized educational paths, is being piloted in college courses across the country.

OER 60