Pearson Sells Mixed Reality Learning Unit to a New Company, GIGXR

Edsurge

As Pearson resumes its education technology investment activity, the publisher is also divesting other edtech assets at the same time. 16, Pearson announced the first two deals made by its recently formed venture fund , which invested $4.2

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.

Chegg 102

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Pearson Still Won’t Buy Your Startup. But It May Invest in It.

Edsurge

Pearson probably still won’t buy your startup. Today, the publisher announced the launch of Pearson Ventures, a $50 million fund earmarked for education technology startups raising Series A and B rounds. Pearson Ventures will write checks in the range of $1.5

What’s Next for Pearson? (Not Buying Your Education Startup.)

Edsurge

For Pearson, the world’s largest education company, some of its recent tumult in past years have been self-imposed, even deliberate, under the helm of John Fallon. The sales include iconic brands such as The Financial Times and the company’s stake in The Economist and Penguin Random House. Even its digital education assets, including PowerSchool, a student information system, was sold because it didn’t fit with Pearson’s focus on learning outcomes. The company’s U.S.

Pearson Efficacy Study Highlights the Challenge of Letting Students Retest

Edsurge

Emily Lai, Director of Formative Assessment and Feedback at Pearson But new, externally audited, efficacy research from Pearson about one of the company’s third-party apps shows a significant correlation between increased retesting and lower overall course performance. The MyLab Math report is one of 12 efficacy studies the company released about one month ago.

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

Edsurge

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

Pearson Bets One Small Step for Research Is a Leap for Learning Design

Edsurge

Pearson Education did something it’s never done before. This week the London-based publishing and assessment giant released a set of learning design principles that anyone can use to develop edtech products. Yet many company claims that their tools are grounded in research are murky at best. David Porcaro, director of Learning Design at Pearson, says the decision to collect and share these learning design principles “is like putting the ingredients list on food labels.

Amid Struggles, Knewton Names Former Pearson Exec as New CEO

Edsurge

Knewton pioneered adaptive-learning technology and amassed more than $157 million in venture capital, but lately the company has weathered through the loss of publishing partners and the departure of its outspoken founder. Kibby has spent much of his career working for major textbook publishers—having served as president of McGraw-Hill’s Higher Education Group and a senior vice president at Pearson Education before that.

SIIA, a Pioneering Convenor for the Edtech Industry, Scraps Its Conferences

Edsurge

Its early work focused on lobbying on behalf of its members, which also included companies across the banking, financial and trade publishing sectors. It was essentially the go-to association for the edtech industry.” All the big companies wanted to find out who the new ones were.

Pearson’s Former Product Chief Reflects on the 4 Megatrends Shaping Global Education

Edsurge

Since then, I’ve built award-winning educational CD-ROMs, led the development of formative assessment, curriculum management, and student data systems like Schoolnet and Powerschool, and most recently, managed strategy for Pearson’s $6 billion global product portfolio as its chief product strategy officer. Compared to what early edtech champions had to work with decades ago, the new technologies we are starting to use in education seem like science fiction.

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.

Chegg 84

Year in Review: Our Top Edtech Business Stories of 2018

Edsurge

And we’re filing stories that capture the essence of the edtech industry in 2018. And Pearson is still around. But the edtech industry has hit some bumps along the way, wrestling with collateral concerns from the public spotlight over data privacy and security. A Clever Way to Measure How Students Actually Use Edtech (and Whether It Works). What’s Next for Pearson? Here’s a teaser: Pearson’s plans do not include buying your startup.

EdTech 105

Venture Capital Roundup: Tutoring Startups Lead Latest Funding Rounds

Marketplace K-12

Three ed-tech companies raised $3.5 million while a new Pearson Education partnership aims to connect the classroom to the real world through public radio. Ed-tech Pearson Venture Capital boostacademy caredox edtech edrolo k12dealmaking listencurrent pearson sat testprep tutoring venturecapital

Deals and More Deals: The Top Edtech Business Stories of 2019

Edsurge

Here’s a look at the biggest edtech business stories of 2019—the ones that captured the most attention, and the ones that should have your attention. Thanks to a $157 million fundraise, the edtech industry has given birth to its third U.S. US Edtech Investments Peak Again With $1.45

A $157M Fundraise for Guild Education Births Edtech’s Newest Unicorn

Edsurge

And the deal gives the company a valuation north of $1 billion, at least according to investors. Guild claims that it is one of the few female-led companies to achieve the hallowed “unicorn” status this year.

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.

Instructure Co-Founder Goes After Digital Courseware With His Next Edtech Startup

Edsurge

He left in 2013, a couple years before the company went public.) He’s going after the big fishes, including Pearson’s MyMathLab and Cengage’s WebAssign. “I Pearson spokesman Scott Overland pushed back against the idea that publisher software is outdated.

Strategy, Serendipity, Sleepless Nights: 3 Edtech CEOs on ‘Great Exits’

Edsurge

PLATO had reportedly spent about $50 million to buy another company to expand the school grades it serviced. But according to Brekhus, now chief product officer at Renaissance Learning, PLATO failed to effectively communicate how Lightspan fit into the company’s strategy. Instead, a small team should handle those questions while the rest of the employees make sure the company continues to meet the day-to-day needs of its customers.

Why the World’s Youngest Continent Got an Edtech Accelerator

Edsurge

He is the founder of Injini , an edtech accelerator based in South Africa, that launched this year to support education startups from across the continent. Previously a consultant and policy adviser to Michael Gove, the United Kingdom’s former Secretary of Education, Martin first explored growth opportunities for international education companies in Africa in 2015, after leaving his gig at Boston Consulting Group. In return, Injini takes up to 15 percent of equity in each company.

EdTech 104

US Edtech Investments Peak Again With $1.45 Billion Raised in 2018

Edsurge

education technology companies raised $1.45 edtech startups in 2017. And that dip in dealflow has been happening in recent years: Investors are pouring more money into the edtech industry, but across fewer companies. Source: EdSurge One trend is clear: The dollars invested in the US edtech industry has ticked up steadily since 2011 (considering 2015 as an aberration). For edtech companies able to show consistent growth and revenue, that should be welcome news.

What the Big Edtech Mergers and Acquisitions of 2019 Signal for the Industry

Edsurge

billion, 2019 offers some edtech investors hope that their bets could pay off. Fuller, who has covered the edtech industry for over a decade, recently shared her take on current trends on edtech mergers and acquisitions. Does that bar sound reasonable in edtech?

From Mexico to China: Why the World is Interested in the United States Edtech Market

Edsurge

In the past, experts have made big projections for the global edtech market, with some groups estimating as much as $252 billion pouring into the market by 2020. The United States is expected to lead the charge, followed by countries in Asia and Europe, so it may come as no surprise that people interested in edtech are traveling from all over the world to learn from, sell to and acquire U.S. companies. My company sent me here to check out the trends in the United States.

EdTech 115

Fewer Deals, More Money: U.S. Edtech Funding Rebounds With $1.2 Billion in 2017

Edsurge

based edtech startups in 2017 saw a resurgence of investment capital. So far this year, these companies raised over $1.2 edtech investments in 2011. educational technology companies whose primary purpose is to improve outcomes for teachers and learners across K-12 and higher education. billion—does not account for companies whose primary product and service focus on student loan refinancing. edtech companies. edtech startups hit almost $1.7

Can Edtech Support—and Even Save—Educational Research?

Edsurge

Can edtech improve the quality and usefulness of educational research? We may be biased (as colleagues at a large and scrutinized edtech company), but we aren’t naïve. We know it might sound farcical to suggest technology companies may play a critical role in improving the quality of education research, given almost weekly revelations about corporations engaging in concerted efforts to distort and shape research results to fit their interests.

EdTech 122

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

Edsurge

edtech companies last year, the dollars returned with a fury during the first six months of 2017. edtech startups is already at 88 percent of the total in 2016 ( which was $1 billion ). 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. Home-run bets and financial windfalls are rare in the edtech industry.

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. I think you’re wrong, so I propose a bet: We’ll both invest in a basket of stocks on January 1, 2012—mine representing the edtech industry, and yours the whole economy. Vanguard index fund which tracks the biggest companies on the NYSE and NASDAQ exchanges. My edtech portfolio was more difficult to assemble. Our Basket of Edtech Stocks: 2U.

Chegg 78

Rethink Education Re-Ups Commitment to Edtech With $107.5 Million Fund

Edsurge

These statistics offer a somber reminder that the edtech industry does not produce quick, home run hits. Other EdSurge stories about edtech venture capital. 2016 US Edtech Funding Totals $1 Billion. Following Edtech Money (in-depth report on U.S. Rethink Education , an edtech investment firm based in White Plains, N.Y. In addition to the Engrade and Smarter acquisitions, another Rethink portfolio company, 2U, went public in 2014. Venture capital for U.S.

The Clock Is Ticking for This Edtech Buyer to Find a Deal

Edsurge

If it seems baffling that companies with no revenue can raise money from private investors ( ahem , as some edtech startups did in the early 2010’s), then EdTechX Holdings might just sound outright crazy at first. EdTechX Holdings is a “special purpose acquisition company,” or SPAC for short. It raises money from the public with the explicit purpose of acquiring a private company. This is not the pair’s first attempt to acquire and consolidate edtech assets.

What Is 5G and What Will It Mean for EdTech?

EdTech Magazine

What Is 5G and What Will It Mean for EdTech? MORE FROM EDTECH: Check out how schools are improving facilities with IoT integration! MORE FROM EDTECH: Here are 4 ways to help get the most from your AR/VR investment! Companies Invest in 5G Hubs to Research EdTech.

EdTech 170

7 Things to Know About Coding in the Early Childhood Classroom

The CoolCatTeacher

Dr. Marina Umaschi Bers is a professor at the Eliot-Pearson Department of Child Study and Human Development at Tufts University ([link] She also heads the interdisciplinary Developmental Technologies research group at the University.

Strategy Shift Leads to Layoffs (and a Rogue Ex-Employee) at Coding Kit Company Pi-Top

Edsurge

A London-based company in the crowded market of do-it-yourself programmable hardware for students seeks to shake off negative headlines as it restructures and changes focus to the U.S. The company first announced its strategic shift with a capital injection of about 3.3

The Fault Lines Between Sharing and Shilling for an Edtech Product

Edsurge

The piece from Natasha Singer examines the murky relationship between edtech developers and the educators who tout their products. At issue is whether “ambassador” programs and other branding efforts, wherein companies give teachers T-shirts, gift cards and other perks, constitute ethical violations. Nicholas Provenzano, one of two teachers featured in the piece, wrote to clarify his decision-making before agreeing to work with companies. “I

A Thinking Person’s Guide to EdTech News (2017 Week 37 Edition)

Doug Levin

And whether you are personally concerned about issues of privacy (perhaps because you believe you have nothing to hide ), you should be concerned about the ability of even the most sophisticated technology company to keep the data collected about you secure. It’s one thing to be blasé about what a company you’ve chosen to do business with might do with your personal information; it’s another thing altogether when the bad guys have stolen it. EdTech News News new

EdTech 150

A Thinking Person’s Guide to EdTech News (2017 Week 37 Edition)

Doug Levin

And whether you are personally concerned about issues of privacy (perhaps because you believe you have nothing to hide ), you should be concerned about the ability of even the most sophisticated technology company to keep the data collected about you secure. It’s one thing to be blasé about what a company you’ve chosen to do business with might do with your personal information; it’s another thing altogether when the bad guys have stolen it. EdTech News News new

EdTech 150

Podcasting How To’s and Tips with Jeff Bradbury and Vicki Davis

The CoolCatTeacher

When the power goes out, you’re the last people that the power company comes to. Jeff has provided Keynote speeches for the Pearson Authentic Learning Conference, EdTechNJ, and most recently at Columbia University’s Teacher College and Podcast Mid-Atlantic conference.

How To 229