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. The acquisition by Chegg is the kind of outcome that entrepreneurs and investors have long hoped to see in the edtech world.

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Pearson Is Selling Its US K-12 Business—Despite Posting a Profit and Digital Growth

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Last May, major textbook publisher Pearson indicated it was mulling a sale of the U.S. In its latest earnings update, the company confirmed that it is indeed moving ahead with such plans. In Pearson’s 2017 full-year results report , the publisher stated that “we have concluded the strategic review of our US K12 courseware business and have classified the business as held for sale.” K-12 courseware business made up 9 percent of Pearson’s overall revenue of £4.5

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

Edsurge

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. The winner of the LMS market would be the company with the most widely adopted platform.

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. For Pearson, non-digital revenues still dominate at 38 percent, down from 41 percent the year prior.

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

Edsurge

Cheating on Chegg? How the Company Aims to Catch Tutoring Requests That Go Too Far. 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. Here’s a look at how the education company is responding. What’s Next for Pearson? The digital era has rocked the once-steady foundation for education kingmakers like Pearson.

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

Edsurge

The company reemerged a year later intent on growing its digital offerings and making more strategic acquisitions and partnerships. At the recent ASU+GSV Summit in San Diego, EdSurge caught up with Cengage CEO Michael Hansen to capture his thoughts about the (un)affordability of course materials, faculty concerns about digital texts and what the company is looking for in its next acquisition. I think Pearson has seen it. I think Chegg is doing well in that.

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?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.

?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.

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

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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. The strategy has worked for a few older companies: Kaplan, for instance, began in the test-prep business and has since moved into higher education, corporate training (and a.

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. Chegg. Pearson. Back in 2012, there were seven companies that fell into this category.

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. Increase in Textbook Prices Over the Years. It is believed that textbook prices have skyrocketed over the last few years.

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Top Trends Higher Education Textbook Publishers Must Follow

Kitaboo on EdTech

Big names in the publishing industry like Cengage and Pearsons have already moved to digital publishing and have built their loyal customer base. 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.

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.” ” Though a goal of AI is automation, Marinova stressed that Pearson’s intent is not to replace instructors, but to help them.

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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.). ” Speaking of Udacity , the company has responded to the outcry about its all-male, mostly-white advisory board by dissolving it. Via Edsurge : “ Cheating on Chegg ?

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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. ” Via the press release : “ Cengage , McGraw-Hill Education , and Pearson have joined forces with Ingram and Chegg , Inc.

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Hack Education Weekly News

Hack Education

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 Mic : “On Thursday, Pearson , an education publishing company, apologized for publishing a nursing textbook section that contained racist material about treating patients from different cultural backgrounds who have acute and chronic pain.”

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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 Chan Zuckerberg Initiative ’s CTO, Brian Pinkerton , is leaving the company. “​ Pearson to Lay Off 3,000 More Employees,” says Edsurge. ” I mean, as long as data isn’t an issue and tech companies can build voice recognition software that recognizes languages other than English and accents other than Californian.

Hack Education Weekly News

Hack Education

Pearson and Chegg are partnering for textbook rentals. The private student loan company has raised $50 million total, but I’m told “fintech” doesn’t “count” as ed-tech so let’s just ignore this trend, right? The adaptive learning company has raised $16 million total. The learn-to-code company has raised $1.19 TakeLessons has acquired digital sheet music company Chromatik. Education Politics.

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