INDUSTRY INSIGHTS YOUR PEERS ARE READING
Chegg The numbers: For the second quarter, ended June 30, Chegg reported an adjusted EBITDA of $31.1 Chegg now has about $1.1 MORE
The post Education Company Chegg Acknowledges Data Breach, Puts 40 Million Users on Notice appeared first on Market Brief. Marketplace K-12 Business Strategy Chegg Data PrivacyThe online textbook and tutoring company said it was notifying users, and regulators, of a massive data breach. MORE
Chegg , based in Santa Clara, Calif., To be clear, this is not a new perk for Chegg employees. Since 2015, Chegg has offered $1,000 in cash to employees to use toward student debt, according to Jenny Braundemuehl, the company’s chief people officer. MORE
Chegg announced today that it bought the Berkeley-based startup for about $15 million in an all-cash transaction. What made the offer from Chegg appealing, Ramirez said, “is the opportunity not just to be an isolated component of students’ work, but to simplify the student experience and provide them with more of what they need to succeed in college.” The acquisition by Chegg is the kind of outcome that entrepreneurs and investors have long hoped to see in the edtech world. MORE
Companies like Chegg, eFollett, and BookRenter are offering new textbooks on rent for less than the price of a used book. The state of the US higher education market looks slightly subdued on account of the fact that the government has reduced funding for higher education. The budget proposal for the 2020 fiscal year requested an approximate $7.1 billion cut in funding for the education department, compared to a 10% decrease in 2019. MORE
Learning platform provider Chegg announced its acquisition of Cogeon, and ed-tech investor Owl Ventures closed an $185 million funding round. The post Chegg, Fuel Education Announce Acquisitions; Owl Raises $185M appeared first on Market Brief. Marketplace K-12 Educational Technology/Ed-Tech Games / Apps International / Global Markets Investment / Venture Capital K-12 Dealmaking Online / Virtual Learning Software / Hardware Startups MORE
Chegg Tutors - A fantastic site for students to find a tutor in any subject. Over the last few years online tutoring sites have really boosted in popularity. The reason for this is people just don't have the time or the money to spend at an actually tutoring center. MORE
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. MORE
Similarly, Pearson has made some of its textbooks available for rent through Chegg. Increase in Textbook Prices Over the Years. It is believed that textbook prices have skyrocketed over the last few years. According to NBC’s review of the Bureau of Labor Statistics (BLS) data, textbook prices have risen over 3 times the rate of inflation from January 1977 to June 2015, a whopping 1,041% increase. MORE
Other investors include education technology executives, like Penn Foster CEO Frank Britt and Chegg CEO Dan Rosensweig, along with Zynga founder Mark Pincus and Flatiron Health CEO, Nat Turner. The allure of “tech jobs” and the salaries they command have given rise to new industries, from coding bootcamps to specialized recruiters. Yet the likes of Google and Facebook sometimes overshadow sectors that have been—and remain—core to the American economy: industrial manufacturing. MORE
The most recent of these, the writing feedback assistant WriteLab, was acquired by Chegg , a publicly-traded education company, for $15 million. WriteLab (Chegg). Raising money, Shauntel Garvey admits, is not her favorite activity. It’s usually more fun to be on the other side of the table, reviewing pitches—rather than pitching. MORE
In this week’s dealmaking news, a handful of education companies were acquired; Follett acquired adaptive learning platform Fishtree and Chegg acquired online studying platform StudyBlue. The post K-12 Dealmaking: Follett, Chegg, Golden Gate Capital Make Acquisitions appeared first on Market Brief. Marketplace K-12 Educational Technology/Ed-Tech Investment / Venture Capital K-12 Dealmaking Mergers and Acquisitions study platforms MORE
Goldman, vice president of textbooks and e-books at Chegg, a student services provider that notably sold its print textbook inventory to Ingram in 2015, adoption of digital materials among students has been slower than he predicted. “I’m MORE
Earlier this month, McGraw-Hill, Barnes & Noble Education and Chegg teamed up for a new digital textbook rental program that the trio claims can help students save as much as 70 percent from buying print copies. Last May, major textbook publisher Pearson indicated it was mulling a sale of the U.S. portion of its K-12 business, which includes print and digital curriculum and instructional materials. MORE
Chegg , a Santa Clara, Calif.-based The acquisition will cost Chegg about $80 million in cash for Thinkful, with possible additional payments of up to $20 million in cash or stock based on performance, according to a statement Wednesday. Chegg had been holding onto $1.1 MORE
Chegg Tutors - A fantastic site for students to find a tutor in any subject. Over the last few years online tutoring sites have really boosted in popularity. The reason for this is people just don't have the time or the money to spend at an actual tutoring center. MORE
Chegg Tutors —A fantastic site for students to find a tutor in any subject. Online tutoring has grown in popularity and is ideal for many—it’s flexible and usually much less expensive than tutoring centers. MORE
That’s an example of a request that can be found on online tutoring services like Chegg, as shared by a senior data scientist at the company, Sanghamitra Deb. Yet this is the kind of “help” that Chegg’s tutoring service can sometimes be used for. Among the services that the publicly-traded digital education company offers is Chegg Tutors, which matches students with tutors who help them one-on-one in a variety of subjects, such as physics and French. MORE
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. MORE
Booksellers who have taken those steps already include Barnes & Noble Education, Chegg, Inc., Follett Corporation, a textbook distribution company, announced this week that it has agreed to adopt a set of “ Anti-Counterfeit Best Practices ,” a list of guidelines co-developed and endorsed by four major textbook publishers. But up until last week, three of those publishers—Pearson Education, McGraw-Hill Education and Cengage Learning—were suing Follett over alleged counterfeit sales. MORE
In today’s post we are sharing with you two interesting citation generators from Chegg students can use to help them with crediting the sources they include in their research papers. These tools.read more MORE
Cheating on Chegg? It’s no surprise that students would ask for help on platforms like Chegg, which offer digital textbooks as well as tutoring and homework help. As students and faculty alike take some well-deserved rest and reflect over the holidays, we’re taking a look back at what stories you read and shared the most over the last year. MORE
Tell me a little bit about some of your recent partnerships with companies such as Chegg. Chegg provides, amongst other things, tutoring services. I think Chegg is doing well in that. It’s been about five years since Cengage Learning filed for bankruptcy , stumbling under the weight of shrinking print sales, a rough transition to digital and too much debt. MORE
Chegg’s chalked up an excuse-generator to help you weasel out of doing homework, taking tests—just about anything. Congratulations for making it through the first quarter of 2019! The reward that awaits: Our fine annual tradition of hijinks and horseplay, exaggerations and extrapolations, and all the absurdities not fit for print on any day other than April 1. We’re not the only ones getting in on the fun. MORE
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.). MORE
A sizable portion of CreatorUp’s clients come from the education industry, including Cengage and Chegg, as well as community colleges and universities. While content may be king, content creators sometimes struggle to pay the bills. MORE
Chegg , a publicly-traded provider of textbook rentals and online student services, has closed a $700 million convertible note offering that, after taking expenses into consideration, should give the company an additional $682.7 A Chegg spokesman declined to comment or share additional details. LLC, Barrington Research and Northland Capital Markets were initial purchasers of the Chegg notes. Chegg also bought math software developer, Math 42 ($15 million.) MORE
Gonzalez’s firm last invested in student services provider Chegg, but hadn’t found another education company that piqued his interest until his firm started talks with Platzi. Before they founded a company together, Freddy Vega and Christian Van Der Henst were rivals. MORE
Website Review: Chegg. It’s not enough to share information with students. Unless they have an eidetic memory, much of what they see/hear/taste/smell never reaches long term memory. For that, students require study. MORE
Its biggest institutional shareholder is Insight Venture Partners, a private equity firm whose education portfolio also includes Chegg, Instructure and Pluralsight—three companies that have gone public. It’s out of the ordinary when Nearpod buys a company. MORE
Among those who tried include Osman Rashid, the co-founder of Chegg and Kno, who launched Galxyz in 2014 to build a science video games for grades three to 12. When Tim Kelly started Planet3 in 2013, he aimed for the stars. MORE
In today’s post we are sharing with you two interesting citation generators from Chegg students can use to help them with crediting the sources they include in their research papers. These tools.read more. citation tools MORE
A handful of education companies, including Chegg and Boxlight. The post K-12 Dealmaking: Chegg, Boxlight Make Education-Related Acquisitions appeared first on Market Brief. announced acquisitions this week. Marketplace K-12 Educational Technology/Ed-Tech K-12 Dealmaking Mergers and Acquisitions Startups MORE
The speakers were Carlos Escapa (Senior Principal, AI/ML Business Development, Amazon Web Services), Vivienne Ming (Founder and CEO, Socos Labs), Matthew Ramirez (Director of Product Management, AI Writing Tools, Chegg) and Andrew Sutherland (CTO and co-founder, Quizlet). From Formula 1 to Yelp, industries across the board are seeking ways to apply machine learning to their work. Even academics and Goldman Sachs analysts tried using it to predict World Cup winners. MORE
Chegg has long be one of my favorite sites for buying, selling, or renting textbooks/eBooks as well as finding homework help. Chegg has acquired StudyBlue which was one of the world's leading flashcard creators for education. MORE
Chegg Related Topics Technology Tidbits
SEPTEMBER 12, 2019
Chegg has long be one of my favorite sites for buying, selling, or renting textbooks/eBooks as well as finding homework help. Chegg has acquired StudyBlue which was one of the world's leading flashcard creators for education.
Edsurge
SEPTEMBER 4, 2019
Chegg , a Santa Clara, Calif.-based The acquisition will cost Chegg about $80 million in cash for Thinkful, with possible additional payments of up to $20 million in cash or stock based on performance, according to a statement Wednesday. Chegg had been holding onto $1.1
Edsurge
JUNE 6, 2019
Chegg , based in Santa Clara, Calif., To be clear, this is not a new perk for Chegg employees. Since 2015, Chegg has offered $1,000 in cash to employees to use toward student debt, according to Jenny Braundemuehl, the company’s chief people officer.
Marketplace K-12
OCTOBER 3, 2018
The post Education Company Chegg Acknowledges Data Breach, Puts 40 Million Users on Notice appeared first on Market Brief. Marketplace K-12 Business Strategy Chegg Data PrivacyThe online textbook and tutoring company said it was notifying users, and regulators, of a massive data breach.
Edsurge
AUGUST 21, 2019
Chegg The numbers: For the second quarter, ended June 30, Chegg reported an adjusted EBITDA of $31.1 Chegg now has about $1.1
Edsurge
MARCH 27, 2019
Chegg , a publicly-traded provider of textbook rentals and online student services, has closed a $700 million convertible note offering that, after taking expenses into consideration, should give the company an additional $682.7 A Chegg spokesman declined to comment or share additional details. LLC, Barrington Research and Northland Capital Markets were initial purchasers of the Chegg notes. Chegg also bought math software developer, Math 42 ($15 million.)
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Edsurge
MARCH 1, 2018
That’s an example of a request that can be found on online tutoring services like Chegg, as shared by a senior data scientist at the company, Sanghamitra Deb. Yet this is the kind of “help” that Chegg’s tutoring service can sometimes be used for. Among the services that the publicly-traded digital education company offers is Chegg Tutors, which matches students with tutors who help them one-on-one in a variety of subjects, such as physics and French.
Marketplace K-12
MAY 18, 2018
A handful of education companies, including Chegg and Boxlight. The post K-12 Dealmaking: Chegg, Boxlight Make Education-Related Acquisitions appeared first on Market Brief. announced acquisitions this week. Marketplace K-12 Educational Technology/Ed-Tech K-12 Dealmaking Mergers and Acquisitions Startups
Marketplace K-12
OCTOBER 23, 2017
Learning platform provider Chegg announced its acquisition of Cogeon, and ed-tech investor Owl Ventures closed an $185 million funding round. The post Chegg, Fuel Education Announce Acquisitions; Owl Raises $185M appeared first on Market Brief. Marketplace K-12 Educational Technology/Ed-Tech Games / Apps International / Global Markets Investment / Venture Capital K-12 Dealmaking Online / Virtual Learning Software / Hardware Startups
Edsurge
MAY 16, 2018
Chegg announced today that it bought the Berkeley-based startup for about $15 million in an all-cash transaction. What made the offer from Chegg appealing, Ramirez said, “is the opportunity not just to be an isolated component of students’ work, but to simplify the student experience and provide them with more of what they need to succeed in college.” The acquisition by Chegg is the kind of outcome that entrepreneurs and investors have long hoped to see in the edtech world.
Marketplace K-12
MAY 6, 2016
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.
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Educational Technology and Mobile Learning
SEPTEMBER 20, 2018
In today’s post we are sharing with you two interesting citation generators from Chegg students can use to help them with crediting the sources they include in their research papers. These tools.read more
Educational Technology and Mobile Learning
FEBRUARY 27, 2018
In today’s post we are sharing with you two interesting citation generators from Chegg students can use to help them with crediting the sources they include in their research papers. These tools.read more. citation tools
eSchool News
OCTOBER 1, 2015
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.
Edsurge
MARCH 14, 2019
Other investors include education technology executives, like Penn Foster CEO Frank Britt and Chegg CEO Dan Rosensweig, along with Zynga founder Mark Pincus and Flatiron Health CEO, Nat Turner. The allure of “tech jobs” and the salaries they command have given rise to new industries, from coding bootcamps to specialized recruiters. Yet the likes of Google and Facebook sometimes overshadow sectors that have been—and remain—core to the American economy: industrial manufacturing.
Edsurge
SEPTEMBER 25, 2019
A sizable portion of CreatorUp’s clients come from the education industry, including Cengage and Chegg, as well as community colleges and universities. While content may be king, content creators sometimes struggle to pay the bills.
Edsurge
JUNE 18, 2019
Gonzalez’s firm last invested in student services provider Chegg, but hadn’t found another education company that piqued his interest until his firm started talks with Platzi. Before they founded a company together, Freddy Vega and Christian Van Der Henst were rivals.
techlearning
MAY 3, 2018
Chegg Tutors - A fantastic site for students to find a tutor in any subject. Over the last few years online tutoring sites have really boosted in popularity. The reason for this is people just don't have the time or the money to spend at an actual tutoring center.
techlearning
JUNE 21, 2018
Chegg Tutors —A fantastic site for students to find a tutor in any subject. Online tutoring has grown in popularity and is ideal for many—it’s flexible and usually much less expensive than tutoring centers.
Edsurge
APRIL 8, 2019
Its biggest institutional shareholder is Insight Venture Partners, a private equity firm whose education portfolio also includes Chegg, Instructure and Pluralsight—three companies that have gone public. It’s out of the ordinary when Nearpod buys a company.
Edsurge
APRIL 26, 2019
Goldman, vice president of textbooks and e-books at Chegg, a student services provider that notably sold its print textbook inventory to Ingram in 2015, adoption of digital materials among students has been slower than he predicted. “I’m
Edsurge
APRIL 24, 2018
Tell me a little bit about some of your recent partnerships with companies such as Chegg. Chegg provides, amongst other things, tutoring services. I think Chegg is doing well in that. It’s been about five years since Cengage Learning filed for bankruptcy , stumbling under the weight of shrinking print sales, a rough transition to digital and too much debt.
Edsurge
DECEMBER 28, 2018
Cheating on Chegg? It’s no surprise that students would ask for help on platforms like Chegg, which offer digital textbooks as well as tutoring and homework help. As students and faculty alike take some well-deserved rest and reflect over the holidays, we’re taking a look back at what stories you read and shared the most over the last year.
Edsurge
MAY 3, 2019
Hansen mentioned expecting new digital products from competitors such as Chegg, and added, “I would not be surprised if Amazon builds something in this space.”
Ask a Tech Teacher
JANUARY 11, 2016
Website Review: Chegg. It’s not enough to share information with students. Unless they have an eidetic memory, much of what they see/hear/taste/smell never reaches long term memory. For that, students require study.
Kitaboo on EdTech
JUNE 13, 2019
Similarly, Pearson has made some of its textbooks available for rent through Chegg. Increase in Textbook Prices Over the Years. It is believed that textbook prices have skyrocketed over the last few years. According to NBC’s review of the Bureau of Labor Statistics (BLS) data, textbook prices have risen over 3 times the rate of inflation from January 1977 to June 2015, a whopping 1,041% increase.
Edsurge
MARCH 31, 2019
Chegg’s chalked up an excuse-generator to help you weasel out of doing homework, taking tests—just about anything. Congratulations for making it through the first quarter of 2019! The reward that awaits: Our fine annual tradition of hijinks and horseplay, exaggerations and extrapolations, and all the absurdities not fit for print on any day other than April 1. We’re not the only ones getting in on the fun.
Edsurge
JULY 30, 2018
The most recent of these, the writing feedback assistant WriteLab, was acquired by Chegg , a publicly-traded education company, for $15 million. WriteLab (Chegg). Raising money, Shauntel Garvey admits, is not her favorite activity. It’s usually more fun to be on the other side of the table, reviewing pitches—rather than pitching.
Technology Tidbits
MAY 1, 2018
Chegg Tutors - A fantastic site for students to find a tutor in any subject. Over the last few years online tutoring sites have really boosted in popularity. The reason for this is people just don't have the time or the money to spend at an actually tutoring center.
Kitaboo on EdTech
APRIL 25, 2019
Companies like Chegg, eFollett, and BookRenter are offering new textbooks on rent for less than the price of a used book. The state of the US higher education market looks slightly subdued on account of the fact that the government has reduced funding for higher education. The budget proposal for the 2020 fiscal year requested an approximate $7.1 billion cut in funding for the education department, compared to a 10% decrease in 2019.
Edsurge
FEBRUARY 26, 2018
Earlier this month, McGraw-Hill, Barnes & Noble Education and Chegg teamed up for a new digital textbook rental program that the trio claims can help students save as much as 70 percent from buying print copies. Last May, major textbook publisher Pearson indicated it was mulling a sale of the U.S. portion of its K-12 business, which includes print and digital curriculum and instructional materials.
Edsurge
OCTOBER 12, 2017
Booksellers who have taken those steps already include Barnes & Noble Education, Chegg, Inc., Follett Corporation, a textbook distribution company, announced this week that it has agreed to adopt a set of “ Anti-Counterfeit Best Practices ,” a list of guidelines co-developed and endorsed by four major textbook publishers. But up until last week, three of those publishers—Pearson Education, McGraw-Hill Education and Cengage Learning—were suing Follett over alleged counterfeit sales.
Edsurge
JULY 11, 2018
The speakers were Carlos Escapa (Senior Principal, AI/ML Business Development, Amazon Web Services), Vivienne Ming (Founder and CEO, Socos Labs), Matthew Ramirez (Director of Product Management, AI Writing Tools, Chegg) and Andrew Sutherland (CTO and co-founder, Quizlet). From Formula 1 to Yelp, industries across the board are seeking ways to apply machine learning to their work. Even academics and Goldman Sachs analysts tried using it to predict World Cup winners.
Edsurge
APRIL 17, 2019
Among those who tried include Osman Rashid, the co-founder of Chegg and Kno, who launched Galxyz in 2014 to build a science video games for grades three to 12. When Tim Kelly started Planet3 in 2013, he aimed for the stars.
Edsurge
JULY 24, 2017
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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