article thumbnail

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.”

Knewton 97
article thumbnail

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. Kibby has big claims of his own, however, when it comes to how aggressively Knewton plans to compete with major textbook publishers.

Knewton 110
Insiders

Sign Up for our Newsletter

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

article thumbnail

Who is the Theranos of Education?

Edsurge

Knewton: All Talk, Little Evidence While AltSchool spent millions of dollars, few experts I talked to described the microschool model as having negative impacts on student learning. But, don’t worry—they had plenty to say about Knewton. Life at a startup is hard, but education is exponentially harder.' No kidding.”

Knewton 218
article thumbnail

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. Pearson will no longer use Knewton’s adaptive learning engine for some of its digital offerings.

Knewton 76
article thumbnail

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.”

Knewton 69
article thumbnail

Pearson To Scale Back Partnership With Adaptive Learning Provider Knewton

Marketplace K-12

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

Knewton 61
article thumbnail

K-12 Dealmaking: Knewton Raises $25 Million; Barnes & Noble Education Acquires PaperRater.com

Marketplace K-12

In this week’s dealmaking news, adaptive learning products and technologies provider Knewton raised $25 million. The post K-12 Dealmaking: Knewton Raises $25 Million; Barnes & Noble Education Acquires PaperRater.com appeared first on Market Brief.

Knewton 40