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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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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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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Earnings Roundup: How Public Edtech Companies Fared Following the Outbreak

Edsurge

For instance, education companies that rely on corporate customers may take a hit, as those clients look to cut costs. While COVID-19 hit at the tail end of the first quarter, some publicly traded education companies already reported an impact on their Q1 2020 earnings.

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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 The company invited her on an all-expense-paid trip to its annual conference on teaching at its headquarters in San Francisco. Rutgers professor Kristen S.

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Byju’s Becomes an Edtech ‘Decacorn’ After Fundraise from Mary Meeker’s Bond Capital

Edsurge

That’s the industry lingo for companies valued at $10 billion or more. It’s an ultra-exclusive club of two dozen companies across the world, according to CB Insights. Just in February, the Bengaluru-based company raised $200 million from existing investor General Atlantic.

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The Post-Pandemic Outlook for Edtech

Edsurge

The sudden shift gave leaders at DreamBox Learning, a math education company headquartered nearby, an early glimpse at the upheaval to come and an inkling that digital teaching tools would soon be in high demand around the country. The pandemic came early to Seattle.

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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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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.

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. Still, 2U reported a loss this quarter of $10.7 The company ended 2018 with $449.8

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

Edsurge

According to an EdSurge database of publicly announced funding deals, investment in edtech companies reached at least $1.66 A PwC-CB Insights report puts U.S. based education companies that raised a round of at least $250,000. Two trends have helped to define the U.S.

K12 Eyes Further Deals After $165M Acquisition of Coding Bootcamp Galvanize

Edsurge

Another bootcamp has been gobbled up by an education technology company looking to break into the corporate learning and career readiness market. million in cash, plus some stock, for Fullstack Academy, and Chegg’s Thinkful purchase for $80 million. It reported operating income of $30.3

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Predictions of Print Textbooks’ Death Remain Greatly Exaggerated

Edsurge

But now I can report that these tools have been adopted in thousands of U.S. 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.

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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 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.” 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.

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. In 2016, the company reported its largest loss in its history, down $3.3 Here’s what’s next for the world’s largest education company, according to its CEO John Fallon.

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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. As part of the agreement to adopt the principals, the publishers dismissed their case against Follett, which claimed the company was purchasing illegal copies of textbooks and selling them at its college stores and through other distribution channels.

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. Reactions from the company’s investors have included surprise, disappointment and a desire to forget the deal ever happened.

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

The Hechinger Report

Alanda Povroznik, at head of table, works for a company that, as a benefit, will soon be helping her repay her college loans. An executive vice president at the investment company Natixis Global Asset Management, Farrington was surprised to find his audience of millennials unmoved.

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?Major Textbook Publishers Sue Follett Over Counterfeit Sales

Edsurge

The companies claim many of Follett’s textbooks are purchased from questionable distributors that sell illegally-copied versions. Filed June 21, the lawsuit follows unsuccessful negotiations between the publishers and Follett to adopt a set of best practices to identify and eliminate counterfeit sales, Inside Higher Ed reports. Other textbook distributors, including Chegg, Inc.

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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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. Please, if you like our reporting, donate Splurgecoin to feed your friendly EdSurgents! Company leaders promise (fingers crossed!) TEACHERS ACTUALLY PAY TEACHERS: TsPayTs’ newest feature takes the company’s name to another level.

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The 100 Worst Ed-Tech Debacles of the Decade

Hack Education

The Horizon Report. The organization, which was founded in 1994, was best known for its annual Horizon Report, its list of predictions about the near-future of education technology. But as the ed-tech sector is never willing to let a bad idea die, the report will live on.

Hack Education Weekly News

Hack Education

“ Lights go out at Education Department headquarters – and may stay off for some time,” The Washington Post reports. The Senate Judiciary Committee is expected to push ahead with his nomination today, despite the numerous reports now about Brett Kavanaugh ’s history of drunkenness and alleged sexual assault. “ Is Running a Company Like Leading a Classroom? The learn-to-code company has raised $6.9

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Hack Education Weekly News

Hack Education

” Via The Hechinger Report : “Documenting Maine ’s failure to implement proficiency-based education.” The suit charged the university with failing to prevent sexual abuse by George Tyndall , formerly a gynecologist in the university’s health center, and for failing to take action as reports of the abuse surfaced.” Doesn’t look like the company has anyone to take his place yet. The learn-to-code company has raised $4.6

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Hack Education Weekly News

Hack Education

” Via The Hechinger Report : “ Betsy DeVos ’s school choice ideas are a reality in Sweden , where student performance has suffered.” ” (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.). ” asks The Hechinger Report.

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Hack Education Weekly News

Hack Education

Report: Stephen Miller Pushed Ending Chinese Student Visas.” ” “ Apple wins appeal of UW-Madison patent infringement case,” the Milwaukee Journal Sentinel reports. ” 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.”

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Hack Education Weekly News

Hack Education

“Researchers say removal of an IRS tool for financial aid applicants may have slowed FAFSA submissions, while college aid groups warn that affected students could already be losing out on aid,” Inside Higher Ed reports. Senate would open up Pell Grants to low-income students who earn college credits while still enrolled in high school,” Inside Higher Ed reports. ” Pearson and Chegg are partnering for textbook rentals. Education Politics.

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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. Students in Oregon Were Bullied and Forced to Read Bible, Report Says.” But they’re connected to the new Woz U and a web of for-profit companies – raising questions of conflict of interest and legal compliance.”

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Hack Education Weekly News

Hack Education

Via The Chicago Sun Times : “1 in 4 Chicago schools fails in new inspections spurred by dirty schools reports.” Via The Wall Street Journal : “ California plans to sue one of the nation’s largest student loan companies.” “ Grand Canyon Succeeds in Second Nonprofit Bid,” reports Inside Higher Ed. “Days After Exiting Presidency, Faust Joins Goldman Sachs Board of Directors ,” The Harvard Crimson reports.

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

Wired Campus

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. Our sharks were Goldie Blumenstyk, a senior writer at The Chronicle; Jason Jones, a co-editor of the ProfHacker blog and director of educational technology at Trinity College, in Connecticut; and Paul Freedman, founder of Entangled Ventures, an education-technology company.

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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.” “ Purdue-Kaplan online university one step closer to reality,” the Journal & Courier reports. “ Iowa State University seeks 7 percent annual tuition hike for each of next 5 years,” The Des Moines Register reports. The Chan Zuckerberg Initiative ’s CTO, Brian Pinkerton , is leaving the company. The company has $8.3

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

” Reminder: here are the education companies Palantir founder Peter Thiel has invested in. The allegations center on reports that Paris, through inappropriate means, asked legislators to provide state funds to the college, a Christian institution in Arkansas.” “ EdX To Retire Foundational 6.002x Platform,” Class Central reports. Via Techcrunch : “ Coding bootcamps commit to transparency in reporting around job placement.”

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