Chegg to Buy Coding Bootcamp Thinkful for $80 Million

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Chegg , a Santa Clara, Calif.-based The acquisition will cost Chegg about $80 million in cash for Thinkful, with possible additional payments of up to $20 million in cash or stock based on performance, according to a statement Wednesday. Chegg had been holding onto $1.1 For Chegg, founded in 2005, this latest acquisition will expand its direct-to-student learning platform and add more technology career courses.

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More Students Are Using Chegg to Cheat. Is the Company Doing Enough to Stop It?

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The biggest facilitator appears to be Chegg, which has become synonymous with cheating. A recent investigation by Forbes magazine called Chegg a “superspreader” of cheating; a majority of the 52 students it interviewed said they used it for that purpose.

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Chegg Ditches Ingram for FedEx and Eyes International Growth

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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. Back in 2014, more competition from Amazon had led the Santa Clara, Calif-based Chegg to a deal with book distributor Ingram Content Group. Ingram bought Chegg’s textbook inventory to sell and distribute, and the companies shared the revenues. million, with most of the growth in Chegg’s digital services business.

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

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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 Chegg spokesman declined to comment or share additional details. LLC, Barrington Research and Northland Capital Markets were initial purchasers of the Chegg notes. Chegg also bought math software developer, Math 42 ($15 million.)

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

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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. Chegg The numbers: For the second quarter, ended June 30, Chegg reported an adjusted EBITDA of $31.1 Chegg now has about $1.1

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Cheating on Chegg? Maybe Not on Its Tutoring Platform

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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. Among the services that the publicly-traded digital education company offers is Chegg Tutors, which matches students with tutors who help them one-on-one in a variety of subjects, such as physics and French.

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K-12 Dealmaking: Chegg, Boxlight Make Education-Related Acquisitions

Marketplace K-12

A handful of education companies, including Chegg and Boxlight. The post K-12 Dealmaking: Chegg, Boxlight Make Education-Related Acquisitions appeared first on Market Brief. Marketplace K-12 Educational Technology/Ed-Tech K-12 Dealmaking Mergers and Acquisitions Startupsannounced acquisitions this week.

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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, Fuel Education Announce Acquisitions; Owl Raises $185M

Marketplace K-12

Learning platform provider Chegg announced its acquisition of Cogeon, and ed-tech investor Owl Ventures closed an $185 million funding round. The post Chegg, Fuel Education Announce Acquisitions; Owl Raises $185M appeared first on Market Brief. Marketplace K-12 Educational Technology/Ed-Tech Games / Apps International / Global Markets Investment / Venture Capital K-12 Dealmaking Online / Virtual Learning Software / Hardware Startups

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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. What made the offer from Chegg appealing, Ramirez said, “is the opportunity not just to be an isolated component of students’ work, but to simplify the student experience and provide them with more of what they need to succeed in college.” 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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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. 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 based Chegg said in a statement.

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Can Technology in the Classroom Replace Expensive Textbooks

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Smartphones, tablets, and laptops had become a permanent requirement along with using technology in the classrooms by this time. Thus, replacing expensive textbooks with technology in the classroom is the right thing to do in the current scenario. Here’s how you can replace these expensive textbooks with technology in the classroom: Adopt a Subscription Model. Similarly, Pearson has made some of its textbooks available for rent through Chegg.

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Education Technology’s Machine Learning Problem—and Responsibility

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

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based firm has established itself as a familiar name within the education technology industry. Earlier in 2018, Pluralsight, which provides online classes for technology and business professionals, went public. The most recent of these, the writing feedback assistant WriteLab, was acquired by Chegg , a publicly-traded education company, for $15 million. WriteLab (Chegg). Education Technology Investors Edtech Business

With No Study Buddies, More College Students Turn to Cheating

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Joseph Ching, a junior at Purdue University, says many of his professors have warned students not to use sites like Chegg, where students are posting homework and quiz questions and getting answers from tutors. I reached out to Chegg, and sure enough, business there is booming.

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Codecademy, an Early (and Now Profitable) Pioneer of Coding Education, Raises $40M in New Funding

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We’ve been cashflow positive for more than 18 months at this point … I think that's a rarity in the world of technology startups and in the world of fast-growth, education-technology startups.” Chegg went public in 2013. Education Technology Coding Financing

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Earnings Roundup: How Public Edtech Companies Fared Following the Outbreak

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Chegg The bottom line: Chegg’s first quarter delighted investors. Fueling that growth is Chegg Services, which brought in just over $100 million in revenue last quarter, a 33 percent increase over Q1 2019. Education Technology Investors Coronavirus Financing

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Public Edtech Companies Have Been Rare. These SPACs Will Change That.

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Publicly traded education technology companies are rare. That leaves 2U, Chegg and Stride (formerly known as K12 Inc.) He was an early investor in Chegg, which went public in 2013 and whose stock more than doubled in 2020. Education Technology Financing Market Trends Investors

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Duolingo IPO Shows Investors Think Edtech Is Still Growing.

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As a string of online-education companies have gone public, including Chegg, Coursera, Kahoot and others, it seems that investors have decided that there’s enough public interest in digital learning, and they want in. Education Technology English Language Learning Edtech Business

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

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At about the same time, though, Rutgers officials sent out an email to all faculty at the university, warning about Course Hero and another service, Chegg, where students were posting faculty tests and exams without permission. “We Rutgers professor Kristen S.

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

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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. Education Technology Future of Work Workforce TrainingThe allure of “tech jobs” and the salaries they command have given rise to new industries, from coding bootcamps to specialized recruiters.

The Post-Pandemic Outlook for Edtech

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To take advantage of the stimulus money would be to offer really attractive multi-year deals,” says John Krull, an IT consultant who previously worked as chief information officer for Seattle Public Schools and chief technology officer for the Oakland Unified School District. “At

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

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Gonzalez’s firm last invested in student services provider Chegg, but hadn’t found another education company that piqued his interest until his firm started talks with Platzi. An Accenture report estimates that between 75 and 81 percent of workers in Colombia, Mexico, Brazil, Argentina and Chile hold low- or medium-skilled jobs and thus are vulnerable to automation and displacement by technology. Education Technology Edtech Business Coding Adult Learning Financing

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

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Byju’s is the newest member—thanks to an investment from technology investment firm Bond, which values the company at $10.5 Bond was founded by Mary Meeker, a former partner at Kleiner Perkins whose annual “Internet Trends” reports have become a must-read for the technology industry.

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Course Hero Adds $70 Million to Series B Fundraise

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Many of its services are similar to those offered by Chegg, a publicly traded education company that has also seen a meteoric growth in usage and revenue since the pandemic hit. Education Technology Textbooks and Course Materials Tutoring Financing Digital Learning in Higher Ed

2U Defends Trilogy Bootcamp Purchase

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He said the acquisition will especially help 2U compete on technology-related courses. “If A fellow publicly traded education technology company, Chegg, has promised low-cost courses with its own bootcamp acquisition, Thinkful. Our business with Trilogy is at a scale and doing it with university partners in a way that no one else in the market is doing,” Paucek said in response to an analyst’s question about Chegg.

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GSV Adds Three New Letters to Its Portfolio: MBA

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Over the years, GSV has invested in the likes of Facebook, Spotify and Twitter alongside education companies including Chegg and Coursera. Education Technology Higher Education InvestorsGSV is making a new investment in education.

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

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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.

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

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A sizable portion of CreatorUp’s clients come from the education industry, including Cengage and Chegg, as well as community colleges and universities. Education Technology Workforce Training FinancingWhile content may be king, content creators sometimes struggle to pay the bills. Cue CreatorUp , which aims to equip aspiring creative professionals with the digital media skills they need to find work.

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

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Cheating on Chegg? 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. Technology shapes our behavior everyday. This kind of persuasive technology, which intends to push and pull us in different directions, is intentional. Education Technology MOOCs Higher Education

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That’s a Rap! Nearpod Buys Educational Hip Hop Creator, Flocabulary

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We’re taking the youth and media culture of Flocabulary, and pairing it with the device technology of Nearpod,” says Rappaport. Its biggest institutional shareholder is Insight Venture Partners, a private equity firm whose education portfolio also includes Chegg, Instructure and Pluralsight—three companies that have gone public. Education Technology Mergers and AcquisitionsIt’s out of the ordinary when Nearpod buys a company.

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Predictions of Print Textbooks’ Death Remain Greatly Exaggerated

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Print textbooks are the eternal punching bag for the things people think technology should render obsolete. spending on PreK-12 instructional technology steadily ticked upwards, from $2.6 Goldman, vice president of textbooks and e-books at Chegg, a student services provider that notably sold its print textbook inventory to Ingram in 2015, adoption of digital materials among students has been slower than he predicted. “I’m

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Springboard Raises $11 Million to Expand Mentor-Driven Coding Bootcamps

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Bootcamps have been acquisition targets as well, with Chegg scooping up Thinkful and 2U buying Trilogy. Education Technology STEM Future of Work Bootcamps Coding FinancingKashif Ross needed a career change.

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

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education technology sector in 2019. Filling that gap has been a factor in notable exits for coding bootcamps in 2019, including online program manager 2U’s purchase of Trilogy and college student services company Chegg’s purchase of Thinkful. Two trends have helped to define the U.S.

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

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Tell me a little bit about some of your recent partnerships with companies such as Chegg. Chegg provides, amongst other things, tutoring services. I think Chegg is doing well in that. Education Technology Market Trends Edtech BusinessIt’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.

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