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. Marketplace K-12 Educational Technology/Ed-Tech Investment / Venture Capital K-12 Dealmaking Mergers and Acquisitions study platforms

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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. Ramirez also had studied computational linguistics. 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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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

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 Esther Wojcicki, the esteemed journalism teacher at Palo Alto High School, joined in 2016 as the company’s chief learning officer.

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Can Technology in the Classroom Replace Expensive Textbooks

Kitaboo on EdTech

As per a study, 65% of students have skipped buying required textbooks at some point. 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. Students can access more than 20,000 course materials— courseware, eBooks, online homework and study tools, across more than 70 disciplines and 675 courses. Increase in Textbook Prices Over the Years.

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Top Trends Higher Education Textbook Publishers Must Follow

Kitaboo on EdTech

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. This will provide students an opportunity to choose a subscription package that suits their budget and receive affordable study materials. 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.

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

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. LOST AT C: The study-abroad program, Semester at Sea, has rolled out a program for online and distance learners. Company leaders promise (fingers crossed!) TEACHERS ACTUALLY PAY TEACHERS: TsPayTs’ newest feature takes the company’s name to another level.

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Stale Words and Hackneyed Ideas That Make Edtech Investors Cringe

Edsurge

Yet academics are not the main reason student drop out; according to a study from Inside Track , it’s the fifth most important factor. 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?” Chegg (or Amazon for that matter)? Do you know what company is “Facebook for country X?”

Hack Education Weekly News

Hack Education

” Bible study, I’m guessing. 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.”

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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.). ” 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

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. 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.” So many people predicting this company would disrupt higher ed.

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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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Hack Education Weekly News

Hack Education

Via The Wall Street Journal : “ California plans to sue one of the nation’s largest student loan companies.” Speaking of terrible ideas taken up by terrible people and terrible companies, Andrew Ng – yes, of MOOC fame – says that we should be less concerned with making self-driving cars safe and more committed to training bystanders (pedestrians? Chegg has acquired the flashcard app StudyBlue for $20.8

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Hack Education Weekly News

Hack Education

” Reminder: here are the education companies Palantir founder Peter Thiel has invested in. Via NPR: “ To This Scholar, For-Profit Colleges Are ‘Lower Ed’ ” “ For-Profit Schools Rebound Under Trump,” according to the National Center for the Study of Privatization in Education. Via Edsurge : “What Colleges Should Know About A Growing ‘ Talent Strategy ’ Push By Companies.” The student loan company has raised $1.88

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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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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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