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Big Deals: Edtech Industry News From HMH, Pearson, and Equal Opportunity Schools (EOS)

eSchool News

Learning technology company HMH announced it has acquired award-winning software company Writable , building on a longstanding partnership between the organizations that includes the integration of Writable’s research-backed writing assessment and practice solution with HMH’s core ELA offerings for grades 3-12.

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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 All 16 staff formerly on that Pearson team will make the transition to the new company.

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Edtech Providers Collaborate for a Unified Approach to Interoperability

Edsurge

In the realm of education technology, a similar disarray unfolds without a standardized system for edtech interoperability. Andrea Press Classroom Assessment Technical Support Supervisor Pearson Interoperability in education allows different software applications to communicate and work together effectively.

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Early Edtech Giant PowerSchool Goes Public

Edsurge

Companies like to talk about their journey in raising money and growing over time, and one waypost for such journeys is to reach the ringing bells of a stock-market debut. heard those bells today, as the company began trading on the New York Stock Exchange—though the initial price ended up on the low end of expectations.

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The Next Wave of Edtech Will Be Very, Very Big — and Global

Edsurge

Braced for the next wave of edtech? The most recent player to step into the edtech spotlight is India’s Byju’s. The privately held company, which has raised $2.7 alone; that means the company has at least another half billion dollars at the ready. We used to think about edtech globalization in one way—from the U.S.

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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. The company reported cash and cash equivalent of $151.5

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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. The fund is framed as an effort to “future proof the company,” says Owen Henkel, managing director of Pearson Ventures.

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