article thumbnail

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. As part of the deal, most of its staff will join Pearson. million in venture capital.

Pearson 95
article thumbnail

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. In 2016 the company reported a $3.3 EdSurge: When you took over as CEO in 2013, there was much made about transforming Pearson’s digital transformation.

Pearson 92
Insiders

Sign Up for our Newsletter

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

article thumbnail

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

Company 105
article thumbnail

Edtech Providers Collaborate for a Unified Approach to Interoperability

Edsurge

Andrea Press Classroom Assessment Technical Support Supervisor Pearson Interoperability in education allows different software applications to communicate and work together effectively. The standard allows for a universal language; you can easily interact with other companies because you’re speaking the same Ed-Fi language.

Skyward 107
article thumbnail

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. We’ll have flying cars before we will have AI tutors. It’s like being a therapist or like being a nurse.”

Knewton 216
article thumbnail

Top Trends Higher Education Textbook Publishers Must Follow

Kitaboo on EdTech

Big names in the publishing industry like Cengage and Pearsons have already moved to digital publishing and have built their loyal customer base. For those who are newly exploring the digital market, keeping up with the trends which change rapidly is difficult. Today, a lot of companies offer subscription-based services.

Trends 97
article thumbnail

65 predictions about edtech trends in 2024

eSchool News

As we wave farewell to 2023 , we’re looking ahead to edtech trends in 2024 with optimism for education as a whole. Although AI is not new in other industries, it’s still an emerging trend in education and we are finally allowing ourselves a glimpse of hope, skepticism and wonderment.

Trends 52