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Pearson, an Investor in Knewton, Is ‘Phasing Out’ Partnership on Adaptive Products

Edsurge

Throughout the past decade, Knewton ’s adaptive learning technology has been backed by some of the biggest names in the both the publishing and venture capital community. Now one of its most high-profile content partners and investors, Pearson , is pulling back.

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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. I said, if it’s Knewton, I’m very interested, but if it’s not Knewton, I’m not.”

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A Technologist Spent Years Building an AI Chatbot Tutor. He Decided It Can’t Be Done.

Edsurge

He says his team spent about five years trying, and along the way they helped build some small-scale attempts into learning products, such as a pilot chatbot assistant that was part of a Pearson online psychology courseware system in 2018. The assets of Knewton were quietly sold off a few years later.) They’re tools.

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Knewton Was Acquired For Less Than $17M, and Former CEO Brian Kibby Has Left

Edsurge

When Wiley announced back in May that it had acquired Knewton, both companies kept mum on how much the deal was worth. In its most recent earnings report , which covers the three months ended July 31, 2019, Wiley disclosed that it had “spent $73 million in total on acquisitions in the quarter, including zyBooks and Knewton.”

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Hitting Reset, Knewton Tries New Strategy: Competing With Textbook Publishers

Edsurge

Knewton drew heaps of hype and investment by promising to provide artificial-intelligence technology to major textbook companies to make their content more adaptive. Now the company has pivoted, and it is poised to formally announce its own online courseware that will compete head-to-head with those publishing giants.

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Pearson To Scale Back Partnership With Adaptive Learning Provider Knewton

Marketplace K-12

Going forward, Pearson “is developing its own in-house adaptive learning capability,” said a representative for the company. The post Pearson To Scale Back Partnership With Adaptive Learning Provider Knewton appeared first on Market Brief.

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Pearson Bets on Adaptive Learning (Again) With $25M Acquisition of Smart Sparrow

Edsurge

Last week, Pearson announced it paid $25 million to acquire Smart Sparrow’s technology, in a move that the publisher says will bolster the digital infrastructure that will soon support all its future higher-education offerings. The following year, Knewton was bought in a deal that has become a poster child for education technology hype.

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