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

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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.

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Founder of Adaptive Learning Company Knewton to Leave CEO Position

Marketplace K-12

Jose, Ferreira, who launched the global adaptive technology company in 2008, will remain on the board of directors. The post Founder of Adaptive Learning Company Knewton to Leave CEO Position appeared first on Market Brief.

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

Edsurge

Last week, Pearson announced it paid $25 million to acquire Smart Sparrow’s technology, in a move that the publisher says will bolster the digital infrastructure that will soon support all its future higher-education offerings. The following year, Knewton was bought in a deal that has become a poster child for education technology hype.

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Pearson, an Investor in Knewton, Is ‘Phasing Out’ Partnership on Adaptive Products

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Throughout the past decade, Knewton ’s adaptive learning technology has been backed by some of the biggest names in the both the publishing and venture capital community. Pearson will no longer use Knewton’s adaptive learning engine for some of its digital offerings.

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Amid Struggles, Knewton Names Former Pearson Exec as New CEO

Edsurge

Knewton pioneered adaptive-learning technology and amassed more than $157 million in venture capital, but lately the company has weathered through the loss of publishing partners and the departure of its outspoken founder. I got called by a recruiter about three months ago, and he mentioned adaptive,” Kibby says.

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