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. 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 based Chegg said in a statement.

Students, celebrities connect for tutoring

eSchool News

Students will have the chance to connect directly with celebrities in one-on-one tutoring sessions through Chegg Tutors: VIP Edition. All tutoring sessions will take place this fall through Chegg’s online tutoring platform, Chegg Tutors.

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Trending Sources

Move over 401(k)s — this new perk is helping millennials pay off college loans

The Hechinger Report

Its clients include Fidelity and Chegg. Alanda Povroznik, at head of table, works for a company that, as a benefit, will soon be helping her repay her college loans. Photo: Powertex.

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Fueled by Big Rounds, Edtech Funding Surges to $887M in First Half of 2017

Edsurge

2U 2008 2014 $665M (IPO) Archipelago Learning 2000 2012 $302M (acquired by PLATO Learning) Chegg 2005 2013 $830M (IPO) Connections Education 2001 2011 $400M (acquired by Pearson) HigherOne 2000 2012 $260M (acquired by Blackboard) Instructure 2008 2014 $487M (IPO) K12.com 2000 2007 $725M (IPO) Relias Learning 2002 2014 $540M (acquired by Bertelsmann) RuffaloCODY 2000 2013 $252 million (acquired by Summit Partners) Wireless Generation 2000 2010 $400 million (acquired by News Corp.).

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Stale Words and Hackneyed Ideas That Make Edtech Investors Cringe

Edsurge

Chegg (or Amazon for that matter)? If you go to startup pitch events, you’ve seen it happen: An entrepreneur says something—something so naïve, egregious and hackneyed—that it makes the investors, along with educators who are now increasingly in the audience, physically cringe. As funders wince and squirm uncomfortably, some are thinking along the lines of: “How do I respond to this pitch genuinely without coming off like a jerk?”.

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Why Your Financial Advisor Doesn’t Recommend Edtech Stocks

Edsurge

Chegg. Let’s pretend that you and I are both rich. Like, filthy rich. Scrooge McDuck or Tony Stark rich. The kind of rich that would let us both splurge large sums of money on silly bets. Now pretend that it’s late 2011, and we get into a debate about education technology. I’m excited for the industry’s future, and I think we can make money investing in publicly-traded edtech companies. You disagree and say that we’re both better off investing across a wider variety of industries.

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Blackboard Co-Founder: ‘4 Secrets to Building a Tech Company for Higher Ed’

Edsurge

Chegg was founded in 2005 and went public eight years later in 2013. Once upon a time the learning-management system (or LMS) was a new idea. In fact, the notion emerged about two decades ago. To mark the 20th anniversary of Blackboard, one of the first LMSes, the company’s co-founder, Matthew Pittinsky, wrote an epic blog post about the company’s history, which includes his advice for today’s edtech leaders. What follows is an edited excerpt of Part 1 of that post.

Hack Education Weekly News

Hack Education

I missed this news back in February: Chegg acquired RefMe. (National) Education Politics. The AP interviews US Secretary of Education Betsy DeVos , who laments “she didn’t decry racism enough.” ” Via Politico : “New marching orders from Betsy DeVos’ civil rights chief have the Education Department churning through civil rights complaints.

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

Wired Campus

And so what we’ll do is kind of track what type of transactions are happening on, say, Chegg, Amazon, and online away from the bookstore. 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.

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Hack Education Weekly News

Hack Education

” Pearson and Chegg are partnering for textbook rentals. Education Politics. From the Department of Education’s press release : “U.S. Secretary of Education Announces Chief of Staff and Additional Staff Hires.” ” And what a fine bunch. Via ProPublica : “DeVos Pick to Head Civil Rights Office Once Said She Faced Discrimination for Being White.”

Hack Education Weekly News

Hack Education

” Via the press release : “ Cengage , McGraw-Hill Education , and Pearson have joined forces with Ingram and Chegg , Inc. Education Politics. President Trump gave a not-the-State-of-the-Union address to Congress on Tuesday. Details about the education-related elements of his speech from NPR , The New York Times , Education Week , and The Washington Post. Via The New York Times : “For Trump and DeVos , a Florida Private School Is a Model for Choice.”