K-12 Dealmaking: Chegg Acquires Easy Solutions; Age of Learning Raises $150 Million

Marketplace K-12

The month of May kicked off with a significant number of deals in the ed-tech sector, including acquisitions by Chegg and ACT, Inc. In addition, several companies, including Age of Learning, CodeCombat and GotIt!, Chegg Acquires Imagine Easy Solutions: The learning platform provider has acquired Imagine Easy Solutions , the provider of EasyBib.com and other writing tools, for approximately $42 million in an all-cash transaction, Santa Clara, Calif.-based

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

Edsurge

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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Predictions of Print Textbooks’ Death Remain Greatly Exaggerated

Edsurge

higher education courseware in 2015, down from 50 percent the year before, according to a 2018 report from Macquarie, an investment bank and financial services company. 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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Pearson Is Selling Its US K-12 Business—Despite Posting a Profit and Digital Growth

Edsurge

In its latest earnings update, the company confirmed that it is indeed moving ahead with such plans. Under his tenure, Pearson has embarked on a rocky transition to refocus Pearson as a digital-focused education company. But those moves may finally be bearing fruit, as the company reported a 2017 adjusted operating profit of £576 million (approximately US $804 million), one year after posting a $3.3 higher-education courseware and in-school assessment in the U.S.

Reach Capital’s Newest Education Technology Investment Fund Closes at $82 Million

Edsurge

Investing is humbling because we inevitably miss out on or pass on companies that go on to achieve great success in realizing their mission. It brought over the companies from the Seed Fund into its portfolio as well, and re-invested in 14 of them.) Since then, Reach’s focus has broadened, investing in early-stage companies building tools to support early-childhood education, postsecondary institutions and adult professional development. WriteLab (Chegg).

Top Trends Higher Education Textbook Publishers Must Follow

Kitaboo on EdTech

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. And with additional features like audio and video resources, different assessment techniques and other elements like a bookmark, search feature, page curl, etc.,

Hack Education Weekly News

Hack Education

Assessing Betsy DeVos ’ Rollback on Disability Rights ” by Pacific Standard’s David Perry. No disclosure in this or its Class Central article that it shares investors with these MOOC companies.). the nation’s largest virtual charter school management company , as president of academics, policy, and schools. ” Via EdWeek’s Market Brief : “ African Ed-Tech Incubator ’s First Class of Companies Step Into Market.”

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5 Ed-Tech Ideas Face The Chronicle’s Version of ‘Shark Tank’

Wired Campus

In the TV series Shark Tank, entrepreneurs with budding companies pitch their ideas to a panel of investors who ask probing questions and then decide whether to back the proposals. Our sharks were Goldie Blumenstyk, a senior writer at The Chronicle; Jason Jones, a co-editor of the ProfHacker blog and director of educational technology at Trinity College, in Connecticut; and Paul Freedman, founder of Entangled Ventures, an education-technology company.

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