Chegg to Buy Coding Bootcamp Thinkful for $80 Million

Edsurge

Chegg , a Santa Clara, Calif.-based based publicly traded student services company, plans to buy Thinkful , a Brooklyn-based online coding bootcamp. Both companies’ boards of directors have approved the deal. Chegg had been holding onto $1.1

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Chegg Ditches Ingram for FedEx and Eyes International Growth

Edsurge

A switch in distributors for Chegg’s legacy textbook sales and rentals business reflects, in a way, how the more things change, the more they stay the same. Ingram bought Chegg’s textbook inventory to sell and distribute, and the companies shared the revenues.

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Education Company Chegg Acknowledges Data Breach, Puts 40 Million Users on Notice

Marketplace K-12

The online textbook and tutoring company said it was notifying users, and regulators, of a massive data breach. 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 Privacy

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Chegg Expands Student Debt Relief Benefit for Employees—Up to $5,000 More a Year

Edsurge

Now, a publicly-traded education company that serves millions of college students has ramped up student debt relief services for its own employees. Chegg , based in Santa Clara, Calif., To be clear, this is not a new perk for Chegg employees.

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Edtech Earnings Roundup: How 2U, Chegg, Instructure and Pluralsight Fared in Q2 2019

Edsurge

The latest quarterly earnings for publicly traded education technology companies was especially rough for 2U , which revised its loss guidance for the year and stated that it expected enrollment challenges to its core business of running online graduate programs with universities.

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Now With a ‘Sizable Cash Hoard’ of $1 Billion, What Might Chegg Buy?

Edsurge

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 portion of this sum will be used by the company for stock repurchases. A Chegg spokesman declined to comment or share additional details. LLC, Barrington Research and Northland Capital Markets were initial purchasers of the Chegg notes.

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Earnings Roundup: How Public Edtech Companies Fared Following the Outbreak

Edsurge

It’s often said that education is counter-cyclical to the market, especially during times of economic downturns. But not all sectors of the market follow that rule, says Jeff Silber, a managing director at BMO Capital Markets who follows the education industry.

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Cheating on Chegg? Maybe Not on Its Tutoring Platform

Edsurge

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. based company wants to thwart. The company, however, does not want students to use its site to get tutors to do their work for them. So to flag such ethically dubious requests, the company uses machine learning.

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K-12 Dealmaking: Follett, Chegg, Golden Gate Capital Make Acquisitions

Marketplace K-12

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

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Chegg Cuts $15 Million Check to Buy AI-Feedback Tool, WriteLab

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Chegg announced today that it bought the Berkeley-based startup for about $15 million in an all-cash transaction. They started the company to solve a challenge that they both knew well: how to provide fast and actionable feedback to writing students. Educators have appreciated their work. The company has also begun partnering with other companies such as Pearson and Microsoft. Writing tools are particularly interesting to the company.

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

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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. As origin stories go, the founding of Blackboard twenty years ago lacked that single light bulb moment that tech companies like to tell. Here are some lessons I learned about what makes the higher education market unique.

More Big Bucks for Tutoring Companies: Varsity Tutors Raises $50M in Series C Funding

Edsurge

In the heartland of America, one company is raising big bucks in a bid to capture this lucrative market. This week, Varsity Tutors raised $50 million in a Series C round led by Learn Capital, an education-focused venture firm. Louis-based company’s $50 million Series B round, which closed in November 2015. Already boasting 4,000 tutors covering 1,000 subjects, the company is on the hunt for more teachers. Education Technology Financing Edtech Business

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Platzi Raises $6 Million to Bring More Online Education to Latin America

Edsurge

Before they founded a company together, Freddy Vega and Christian Van Der Henst were rivals. The two men joined together for a new company focused on an underserved market in tech training: Latin America. The company also boasts a sizable headcount of 117 full-time employees.

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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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EdSurge HigherEd Year in Review: Our Top Higher Education Stories of 2018

Edsurge

While not quite the “Year of the MOOC,” 2018 saw a resurgence in interest around the ways these massive open online courses are delivering free (and more often these days, not free) online education around the world, and how these providers are increasingly turning to traditional institutions of learning. 4 Augmented and Virtual Reality Projects That Point to the Future of Education. Cheating on Chegg? How the Company Aims to Catch Tutoring Requests That Go Too Far.

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Top Trends Higher Education Textbook Publishers Must Follow

Kitaboo on EdTech

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. billion cut in funding for the education department, compared to a 10% decrease in 2019. This has led to higher education textbook publishers facing the brunt as that’s the only area where students and institutes can reduce their spends, by opting for digital textbooks instead.

Some Professors Fight Study-Help Sites. Other Professors Now Use Them.

Edsurge

Soon someone from the company reached out to her to offer her full access to the site for free, which costs students either $39.95 She followed Course Hero on Twitter, where its feed is full of advice and inspirational quotes for educators. Rutgers professor Kristen S.

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Where in the World Is Planet3? An Educational Gaming CEO Seeks His Second Act

Edsurge

He envisioned a game-based educational platform used by teachers and students to learn about science and the environment. And he had interest from educators who wanted to try Planet3 in schools that included the Las Vegas area. The company’s primary backer also had a change of heart.

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Education Technology’s Machine Learning Problem—and Responsibility

Edsurge

But how is machine learning playing out in education—and how does it impact not just students, educators and parents, but also the businesses building technology tools to support teaching and learning? 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).

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Hack Education Weekly News

Hack Education

*Each week, I gather a wide variety of links to education and education technology articles. All this feeds the review I write each December on the stories we are told about the future of education. (Oh National) Education Politics. Via Politico : “Employee satisfaction in the department [of Education] ’s main K–12 office dropped markedly this year. State and Local) Education Politics. Immigration and Education.

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Hack Education Weekly News

Hack Education

Each week, I gather a wide variety of links to education and education technology articles. All this feeds the review I write each December on the stories we are told about the future of education. National) Education Politics. “ Lights go out at Education Department headquarters – and may stay off for some time,” The Washington Post reports. State and Local) Education Politics. Immigration and Education.

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

Edsurge

And now that Reach Capital is done fundraising, it will return its focus to evaluating pitches from education entrepreneurs, all vying for a piece of Reach’s new $82 million fund. Investing is humbling because we inevitably miss out on or pass on companies that go on to achieve great success in realizing their mission. based firm has established itself as a familiar name within the education technology industry. Engrade (acquired by McGraw-Hill Education).

GSV Adds Three New Letters to Its Portfolio: MBA

Edsurge

GSV is making a new investment in education. If we do this right, not only should GSV have a strategy in investing in these companies, we hope other investors see the value of the students coming out of there and are attracted to it as well,” Moe says.

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Hack Education Weekly News

Hack Education

Each week, I gather a wide variety of links to education and education technology articles. All this feeds the massive review I write each December on the stories we are told about the future of education. National) Education Politics. ” (State and Local) Education Politics. ” Immigration and Education. ” Education in the Courts. It’s not directly education related. The language learning company has raised $12.5

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Mark Cuban, ECMC Lead $1.8M Round for Cluster to Develop Industrial Tech Talent

Edsurge

million in a seed round led by Mark Cuban and ECMC Group, an education nonprofit. 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 new roles require new digital skills—with design tools like Siemens NX and CATIA, and companies struggle to find qualified candidates, according to Cluster’s founder and CEO, Kim Taylor.

Hack Education Weekly News

Hack Education

Each week, I gather a wide variety of links to education and education technology articles. All this feeds the review I write each December on the stories we are told about the future of education. National) Education Politics. ” Via The Washington Post : “ DeVos moves to delay Obama-era rule on minority special-education students.” ” (Learndirect is a job training company that has a major contract with the UK government.).

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2U Defends Trilogy Bootcamp Purchase

Edsurge

Last quarter, online program management company 2U shocked investors with worse than expected losses and, going forward, lower average program enrollment for some of its largest online graduate programs. The company ended 2018 with $449.8 The company also has a long-term debt of $253.5

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Hack Education Weekly News

Hack Education

Each week, I gather a wide variety of links to education and education technology articles. All this feeds the review I write each December on the stories we are told about the future of education. National) Education Politics. Via Forbes : “The Startup President: How France ’s Macron Nearly Built An EdTech Company.” ” Ed-tech: where you don’t need an actual product idea for a company, and you can incubate your neoliberalism anyway.

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Hack Education Weekly News

Hack Education

Each week, I gather a wide variety of links to education and education technology articles. All this feeds the review I write each December on the stories we are told about the future of education. National) Education Politics. Via The Chronicle of Higher Education : “ Trump Administration Will Rescind Obama-Era Guidelines on Race-Conscious Admissions.” ” asks The Chronicle of Higher Education in turn. Immigration and Education.

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Gig’s Up: CreatorUp Raises $1 Million to Train and Match Creative Professionals for Work

Edsurge

This is the first round of funding for the Los Angeles-based company, which has been bootstrapped since its founding in 2013. CreatorUp is a digital media studio and training company with an educational program to train aspiring creative professionals in business and digital production.

Students, celebrities connect for tutoring

eSchool News

New program helps stars extend influence, interest in education. Students will have the chance to connect directly with celebrities in one-on-one tutoring sessions through Chegg Tutors: VIP Edition. All applications for Chegg Tutors: VIP Edition are due by October 23rd.

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Hack Education Weekly News

Hack Education

Education Politics. Details about the education-related elements of his speech from NPR , The New York Times , Education Week , and The Washington Post. ” More on changing her tune from The Chronicle of Higher Education. Via The Chronicle of Higher Education : “ Executive Order Falls Short of Some HBCU Leaders’ Hopes.” ” Here it is: the worst education “take” of the year. Immigration and Education.

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US Edtech Closes Decade with Record $1.7 Billion Raised in 2019

Edsurge

education technology sector in 2019. According to an EdSurge database of publicly announced funding deals, investment in edtech companies reached at least $1.66 based education companies that raised a round of at least $250,000. Two trends have helped to define the U.S.

Hack Education Weekly News

Hack Education

(National) Education Politics. Brandeis Center for Human Rights Under Law, as the next head of civil rights at the Department of Education.” ” Via Education Week : “The Polarizing Pick to Be Betsy DeVos ’ Right-Hand Man.” ” Via The Chronicle of Higher Education : “ Sessions’ Justice Dept. Via Education Week : “ FCC Delays, Denials Foil Rural Schools’ Broadband Plans.” Department of Education.”

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