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

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Chegg Expands Student Debt Relief Benefit for Employees—Up to $5,000 More a Year

Edsurge

Chegg , based in Santa Clara, Calif., To be clear, this is not a new perk for Chegg employees. Since 2015, Chegg has offered $1,000 in cash to employees to use toward student debt, according to Jenny Braundemuehl, the company’s chief people officer.

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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 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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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. 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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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. 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, 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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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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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

Kitaboo on EdTech

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

Edsurge

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

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.

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.

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

Edsurge

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. Education Technology Edtech Business Coding Adult Learning Financing

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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. Education Technology Mergers and AcquisitionsIt’s out of the ordinary when Nearpod buys a company.

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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.

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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 Education Technology Digital Learning in Higher Ed Market Trends

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

Edsurge

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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How Merger of Two Textbook Giants Could Impact Course Materials

Edsurge

That’s because doing so doesn’t require all the content to live on the same technology platform, but simply means setting up an account that can work across existing products. Education Technology Mergers and Acquisitions Higher Education

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

Edsurge

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

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Chegg’s chalked up an excuse-generator to help you weasel out of doing homework, taking tests—just about anything. Chief Mascot Ronald confided with EdSurge that it is considering integrating that technology with school information systems to tweak Happy Meals based on how well children do in school. A secret, patented technology reduces eye strain. Then someone decided that science, technology, engineering and math were not enough, and so added an ‘A’ for arts to make STEAM.

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Where in the World Is Planet3? An Educational Gaming CEO Seeks His Second Act

Edsurge

Among those who tried include Osman Rashid, the co-founder of Chegg and Kno, who launched Galxyz in 2014 to build a science video games for grades three to 12. Education Technology Financing Game-Based LearningWhen Tim Kelly started Planet3 in 2013, he aimed for the stars.

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Edtech Industry Magnate Michael Moe Makes a Pivot

Edsurge

Over the past decade, Michael Moe and his business partner, Deborah Quazzo, have been central players in building the education technology economy. From a technology standpoint, it was still kind of backwards compared to where society was heading.

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

Edsurge

Earlier this month, McGraw-Hill, Barnes & Noble Education and Chegg teamed up for a new digital textbook rental program that the trio claims can help students save as much as 70 percent from buying print copies. Education Technology Enterprises Edtech BusinessLast May, major textbook publisher Pearson indicated it was mulling a sale of the U.S. portion of its K-12 business, which includes print and digital curriculum and instructional materials.

?Major Publishers Dismiss Lawsuit Against Follett Corporation

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Booksellers who have taken those steps already include Barnes & Noble Education, Chegg, Inc., Education Technology Higher Education Postsecondary LearningFollett 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.

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

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2U 2008 2014 $665M (IPO) Archipelago Learning 2000 2012 $302M (acquired by PLATO Learning) Chegg 2005 2013 $830M (IPO) Connections Education 2001 2011 $400M (acquired by Pearson) HigherOne 2000 2012 $260M (acquired by Blackboard) Instructure 2008 2014 $487M (IPO) K12.com 2000 2007 $725M (IPO) Relias Learning 2002 2014 $540M (acquired by Bertelsmann) RuffaloCODY 2000 2013 $252 million (acquired by Summit Partners) Wireless Generation 2000 2010 $400 million (acquired by News Corp.).

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More Big Bucks for Tutoring Companies: Varsity Tutors Raises $50M in Series C Funding

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Other investors include the Chan Zuckerberg Initiative and existing backer Technology Crossover Ventures. Varsity Tutors is not the only one chasing the tutoring market, which is saturated with traditional, brick-and-mortar competitors like Kumon and Sylvan Learning and online upstarts like Chegg and Wyzant. Education Technology Financing Edtech BusinessTutoring is big business. Wealthy families fork out more than $1,000 an hour for top teachers.

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

Edsurge

In addition to MissionU’s institutional investors, the company attracted executives and well-known names in the education industry including Chip Paucek (CEO of 2U), Dan Rosenzweig (CEO of Chegg) and Ted Dintersmith, a former investor-turned-education philanthropist. Education Technology Mergers and Acquisitions Edtech BusinessUsually, when a hot startup gets acquired by an even hotter one, the industry cheers.

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?Major Textbook Publishers Sue Follett Over Counterfeit Sales

Edsurge

Other textbook distributors, including Chegg, Inc. Education Technology Higher Education Postsecondary LearningThree 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.

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

Edsurge

Chegg appears to have borrowed a page from Duolingo’s previous shenanigan for the Osmosis Pillow , which takes “memory foam” to another level. In an effort to solve the never-ending debate over whether education technology “works,” EdSurge is creating “Surgecoin,” the first cryptocurrency tied to product efficacy. We will use some arcane technology called “blockchain” and distributed ledgers to validate that education software works. Education Technology Fun Stuff Community

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

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Colleges were spending millions networking classrooms and residence halls, and I wondered about the absence of technology in the “front office” for teaching and learning. At the time there was also a new effort to create standards for education technology, the Instructional Management Systems project, which helped convinced me there was real potential for what we now call learning management systems. It was a tools and technology and service provider.

Stale Words and Hackneyed Ideas That Make Edtech Investors Cringe

Edsurge

Chatbots are hip and cool these days and, while I agree that they have a lot of potential, most of the pitches are simply applications that turn IBM Watson’s natural language processing technology loose on a university’s existing FAQ page. Chegg (or Amazon for that matter)? Education Technology Investors Edtech Business

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3 Apps to Build Solid Study Skills

Ask a Tech Teacher

Website Review: Chegg. Jacqui Murray has been teaching K-8 technology for 15 years. She is the editor/author of over a hundred tech ed resources including a K-8 technology curriculum , K-8 keyboard curriculum, K-8 Digital Citizenship curriculum.

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Why Your Financial Advisor Doesn’t Recommend Edtech Stocks

Edsurge

Now pretend that it’s late 2011, and we get into a debate about education technology. Investment firms certainly track the technology sector, and some track the education sector , but there is no established benchmark for edtech companies. Chegg. SMART Technologies. On the other end of the scale, when SMART Technologies, best known for its interactive whiteboards and clickers, was acquired for $4.50 Let’s pretend that you and I are both rich. Like, filthy rich.