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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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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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.

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

Edsurge

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. The company has also begun partnering with other companies such as Pearson and Microsoft. That’s challenging because when you’re a small company, you’re often a lot of engeineers in a room and you’re not in the classroom."

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

Edsurge

Once upon a time the learning-management system (or LMS) was a new idea. 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.

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. Tutoring is big 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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Education Technology’s Machine Learning Problem—and Responsibility

Edsurge

From Formula 1 to Yelp, industries across the board are seeking ways to apply machine learning to their work. 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 Data Problem What makes machine learning work is data—but that data can be biased in problematic ways that can lead to misleading and disturbing outcomes.

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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. Digital Learning and Tools News Top News

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

Edsurge

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. The company is based in Los Angeles, home to many of these companies.

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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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. But at an all-hands meeting at the company’s Washington, D.C. Some employees hoped the company could turn around and stayed on without pay. “We

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In Move to ‘Unlimited’ Pricing Model, Cengage Hopes for a Comeback

Edsurge

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. The company reemerged a year later intent on growing its digital offerings and making more strategic acquisitions and partnerships. Faculty have asked us over the years whether we care about the cost of learning materials. Chegg provides, amongst other things, tutoring services.

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How Merger of Two Textbook Giants Could Impact Course Materials

Edsurge

That appears to be the hope of officials at the two companies, which have both been trying for years to shift the focus of their businesses from selling print books to shipping software and other online tools, and have recently been experimenting with subscription models.

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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. It’s still unclear just how, and how much, augmented and virtual reality will shape learning in the future. Cheating on Chegg? Here’s what happened, and what he learned.

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Top Trends Higher Education Textbook Publishers Must Follow

Kitaboo on EdTech

Students have welcomed this change as they now have a multitude of choice in the digital learning space. This led higher education textbook publishers to shift towards digital publishing , albeit reluctantly as they learned that digital is the only way forward. With new technology constantly evolving with new and enhanced features to improve the student learning experience, textbook publishers needed to keep up with them.

The 2019 EdSurde Annual Special: Edtech April Fool’s News That Should Stay Fake

Edsurge

Chegg’s chalked up an excuse-generator to help you weasel out of doing homework, taking tests—just about anything. BACK TO THE FUTURE: Weary of unwanted scrutiny, companies that once described themselves as the “Facebook of education” are now scrambling to disassociate themselves from the beleaguered social network. Friendster for Learning. HAPPY MEALS, PERSONALIZED: McDonald’s just acquired an AI tech company to personalize the drive-thru experience.

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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).

?Major Publishers Dismiss Lawsuit Against Follett Corporation

Edsurge

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. Education Technology Higher Education Postsecondary Learning

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. In November, it also divested its language-learning business, Wall Street English, for $100 million. Under his tenure, Pearson has embarked on a rocky transition to refocus Pearson as a digital-focused education company. The company’s revenue from U.S. a semester to access all of the company’s digital higher-ed materials.

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

Edsurge

edtech companies last year, the dollars returned with a fury during the first six months of 2017. Company. Several private-equity-backed companies have invested heavily in the “platform” approach. PowerSchool, owned by Vista Equity Partners, has acquired eight companies since June 2015. Frontline Education, controlled by Insight Venture Partners, has snapped up another 10—most recently, professional-learning provider School Improvement Network. Company.

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?Major Textbook Publishers Sue Follett Over Counterfeit Sales

Edsurge

Three of the country’s largest publishers, Pearson Education, McGraw-Hill Education and Cengage Learning, are suing Follett Corporation, a major textbook distributor, on charges of selling counterfeit textbooks in its stores. The companies claim many of Follett’s textbooks are purchased from questionable distributors that sell illegally-copied versions. Other textbook distributors, including Chegg, Inc. Education Technology Higher Education Postsecondary Learning

Edtech Industry Magnate Michael Moe Makes a Pivot

Edsurge

In the global marketplace and growth economy, your education and your knowledge makes the difference, not only for an individual but for a company and, for that matter, a country. We took [what became] Bright Horizons public and Renaissance Learning. public market cap companies.

Can Technology in the Classroom Replace Expensive Textbooks

Kitaboo on EdTech

Cengage recently introduced a new subscription model that gives students access to all of the company’s digital course materials for a semester or an year. Similarly, Pearson has made some of its textbooks available for rent through Chegg. Apart from rental services, these publishers can earn revenue through banner ads, and also by offering additional learning resources. By providing alternate means of acquiring learning resources such as OERs, K-12 libraries etc.,

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Acquisition Autopsy: Details—and Questions—Behind MissionU’s $4M Sale to WeWork

Edsurge

Two years ago, the “college-alternative” company launched to glowing coverage on TV shows, raised $11.5 A company’s closure naturally raises question about the viability of its ideas and business model. Fast Company, which broke the story , reported that the acquisition was an all-stock deal. It had about $8 million left at the time of the deal, EdSurge learned, and MissionU is returning that cash back to its investors.

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MissionU Says It Can Replace Traditional College With a One-Year Program

Edsurge

A venture-backed company today announced a new educational offering billed as an alternative to the standard undergraduate experience. He started his career as a consultant for Bain & Company, but during a trip to India when he was 25 years old he was inspired to start a nonprofit, Pencils of Promise, and to write a bestselling memoir called “The Promise of a Pencil: How an Ordinary Person Can Create Extraordinary Change.”

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Why Your Financial Advisor Doesn’t Recommend Edtech Stocks

Edsurge

I’m excited for the industry’s future, and I think we can make money investing in publicly-traded edtech companies. Vanguard index fund which tracks the biggest companies on the NYSE and NASDAQ exchanges. Investment firms certainly track the technology sector, and some track the education sector , but there is no established benchmark for edtech companies. Cambium Learning Group. Chegg. Back in 2012, there were seven companies that fell into this category.

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Hack Education Weekly News

Hack Education

“ Is Running a Company Like Leading a Classroom? Via The Outline : “The rise and fall of the company behind ’ Reader Rabbit’ and all your favorite educational games.” “ Learning Engineers Inch Toward the Spotlight,” Inside Higher Ed claims. ” A data breach at Chegg – more details in the data and surveillance section below. “Learning Designers will have to adapt or die.

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The 2018 EdSurde Annual Special: Surgecoin, EduWands and Other News Not Fit for Print

Edsurge

But some companies are jumping the gun. Chegg appears to have borrowed a page from Duolingo’s previous shenanigan for the Osmosis Pillow , which takes “memory foam” to another level. Kids can then tackle dangerous undertakings like climbing a tree, learning linear equations and losing a spelling bee without risk of broken bones or bruised egos. Company leaders promise (fingers crossed!) Happy first of April—a day where the joke’s on all of us.

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Stale Words and Hackneyed Ideas That Make Edtech Investors Cringe

Edsurge

Bloomz , ClassDojo , Remind ), established companies ( SchoolMessenger ), and other deep pocket players from learning management system providers that already boast significant traction here. Do you know what company is “Facebook for country X?” This means that customer acquisition is challenging and your company’s revenue model has to be rich enough to support it. Any B2C app for language learning. Chegg (or Amazon for that matter)?

Hack Education Weekly News

Hack Education

Via Inside Higher Ed : “Two sports apparel company executives and an aspiring sports agent were found guilty Wednesday of wire fraud charges in connection with the most significant sports scandal in recent National Collegiate Athletic Association history – a scheme to pay off the families of men’s basketball recruits and secure their commitment to teams at Adidas-sponsored universities.” Doesn’t look like the company has anyone to take his place yet.

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Hack Education Weekly News

Hack Education

” Via Education Week : “Security Companies Sell School ‘Hardening’ as Mass-Shooting Solution.” ” Via MyNDNow.com : “ Iowa company donates AR–15s to be placed in Bismarck schools.” “Online education unicorn Udacity has quietly laid off 5% of staff – at least 25 people – since August,” says Techcrunch , proving that “ unicorn ” is really a meaningless label for tech companies.

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Hack Education Weekly News

Hack Education

” (I’m including this here because all of these entities – Kushner’s family, the companies he received loans from – have education investments too.). ” (Learndirect is a job training company that has a major contract with the UK government.). ” Via Inside Higher Ed : “Lessons Learned From a $75 Million Failed Experiment.” ” Via the Google blog : “Learn with Google AI: Making ML education available to everyone.”

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Hack Education Weekly News

Hack Education

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. “Free College” Via Edsurge : “For Free Community College , Online Learning Isn’t Always Part of the Recipe for Success.” So many people predicting this company would disrupt higher ed.

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Hack Education Weekly News

Hack Education

Via The Wall Street Journal : “ California plans to sue one of the nation’s largest student loan companies.” Via Inside Higher Ed : “ Pearson today signaled an increased focus on artificial intelligence and personalized learning with the appointment of former Intel executive Milena Marinova.” Chegg has acquired the flashcard app StudyBlue for $20.8 This article on personalized learning has graphs so it must be true.

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Hack Education Weekly News

Hack Education

Not really ed-tech-related, except for all those companies saying they’re “Uber for education.” ” The New York Times on “ mastery based learning ” : “A New Kind of Classroom: No Grades, No Failing, No Hurry.” ISTE has hired Joseph South as its Chief Learning Officer. The Chan Zuckerberg Initiative ’s CTO, Brian Pinkerton , is leaving the company. Larry Cuban on personalized learning : part 1 and part 2.

Hack Education Weekly News

Hack Education

Learning Creative Learning: It’s not a MOOC , it’s a community,” says the MIT Media Lab. 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. And in Edsurge, Amber Oliver and Michael Horn write , “Without the Right Curriculum , Personalized Learning Is Just Another Fad.”

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Hack Education Weekly News

Hack Education

” Reminder: here are the education companies Palantir founder Peter Thiel has invested in. Via Edsurge : “What Colleges Should Know About A Growing ‘ Talent Strategy ’ Push By Companies.” Amazon Web Services suffered a major outage this week, knocking many education companies who use AWS offline. ” We’ve reached “ Flipped Learning 3.0 ,” so that’s exciting. The student loan company has raised $1.88

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