Wiley to Acquire Knewton’s Assets, Marking an End to an Expensive Startup Journey

Edsurge

In the second eye-raising deal for the higher-ed publishing industry in as many weeks, Wiley, a major textbook publisher, has agreed to acquire the assets of Knewton, a provider of digital courseware and adaptive-learning technologies. In that context, that non-disclosure may be revealing for how far Knewton, which has been one of the most well-funded education technology companies, has fallen short of financial expectations.

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. The move marks a major turn for Knewton, which has raised more than $157 million in venture capital based largely on a promise to provide the high-tech engine inside online textbooks created by publishers and organizations. The secret to its swift entry into publishing was OER (open education resources).

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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. Pearson will no longer use Knewton’s adaptive learning engine for some of its digital offerings. The retrenchment delivers a setback to Knewton, for whom Pearson was the first—and most visible—partner. Through these partnerships, Knewton tags digital content with metadata and maps them onto a learning path.

Knewton’s New Business Attracts New $25M in Funding. But Some Things Don’t Change.

Edsurge

Knewton has raised $25 million in a new funding round—the eighth since it launched in 2008. But Knewton’s newest backer, TriplePoint Capital, seems eager to offer a lifeline for the company’s new business model: selling digital courseware directly to higher-ed institutions. “We’re We’re excited to support Knewton’s effort to put Alta into the hands of every college student in the U.S.,” Source: Knewton From a student’s perspective, Alta works primarily by asking questions.

Open Doesn’t Guarantee Outcomes: It Creates Opportunity

Iterating Toward Openness

He writes: To me, both cyberspace and OER are tools that I think can be used to generate positive outcomes, but can also (very clearly I think) be used to generate outcomes I don’t support, like political polarization or business models that sell us back our experiences rather than proprietary content. While cyberspace and OER both have inherent structural characteristics, none of those characteristics guarantee any specific social outcome.

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

Edsurge

The following year, Knewton was bought in a deal that has become a poster child for education technology hype. Department of Education to improve access to open-licensed educational materials, or OER. Ben-Naim says the acquisition by Pearson could “affect the plan,” which was to build OER content on Smart Sparrow.

Consolidation, collaboration or closure? How colleges stay alive in 2018

The Christensen Institute

Mike Berlin: At the beginning of every year, experts proclaim that this is going to be the year of OER, and each year market forces and a lack of solutions with product-market fit have resulted in that prediction not coming true. That said, this will be the year that OER goes mainstream thanks to the launch of Cengage’s OpenNow, the other publishers’ inevitable response, and increased efforts of new courseware providers like Top Hat and Knewton.

Pearson Signals Major Shift From Print by Making All Textbook Updates ‘Digital First’

Edsurge

Even though Pearson is not cutting out print completely, its digital-first update strategy may still alienate some faculty, says Wiley, who is currently the chief academic officer of Lumen Learning, a company that provides digital OER courseware to colleges and universities. “It higher ed courseware (both print and digital) could fall by as much as 5 percent from 2018, attributing the decline to projected lower student enrollments and growing adoption of OER materials. “A

Consolidation, Collaboration or Closure? How Colleges Stay Alive in 2018

Edsurge

Mike Berlin: At the beginning of every year, experts proclaim that this is going to be the year of OER, and each year market forces and a lack of solutions with product-market fit have resulted in that prediction not coming true. That said, this will be the year that OER goes mainstream thanks to the launch of Cengage’s OpenNow, the other publishers’ inevitable response, and increased efforts of new courseware providers like Top Hat and Knewton.

Top Hat Buys Canadian Textbook Business to Compete With Publishers in Digital Courseware

Edsurge

There’s Wiley, better known in academia and research, which recently acquired Knewton and zyBooks , to sell online higher-ed courseware. Based on publishers’ recent earnings reports, Hill says he anticipates further “reduction in annual revenues as the market shifts to digital, and as we see the full impact of OER, inclusive access and new business models take effect.”

Saddle Up for Silicon Slopes! Our Guide to the 2017 ASU+GSV Summit

Edsurge

godfather” of OER and Chief Academic Officer of Lumen Learning), trace their roots here. The conference also welcomes the return of familiar faces in new gigs: former Knewton CEO is now with Bakpax, and Los Angeles Unified’s former superintendent John Deasy will share plans for rebuilding prisons to better serve incarcerated youths. Polish the dress shoes. Stiffen those shirt collars.

Education Technology and the Power of Platforms

Hack Education

It announced this year it was “ phasing out ” its reliance on Knewton provide those algorithms.). ” (Amazon Inspire is the company’s OER platform.) This is part four of my annual look at the year’s “ top ed-tech stories ” Way back in 2012, I chose “ The Platforming of Education ” as one of my “Top Ed-Tech Trends.” ” Re-reading that article now makes me cringe.

Hack Education Weekly News

Hack Education

He’s a partner at Founders Fund, which has invested in Knewton, AltSchool, Uversity, ResearchGate, If You Can, Upstart, Declara, and Affirm. This week: “ OpenStax Partners with panOpen to Expand OER Access.” Education Politics. Officials from 11 states are suing the Obama Administration over the guidance it recently issued regarding transgender bathroom policies and civil rights law.

MOOC 47

Hack Education Weekly News

Hack Education

“ OpenStax , Knewton introduce adaptive learning into OER.” Education Politics. “ U.S. Secretary of Education John B. King Jr. Statement on the Anniversary of Brown v. Board of Education.” ” Via The Atlantic: “ The Challenge of Educational Inequality.” ” Via NPR : “The U.S. Education Department said this week it will make Pell Grants available to 10,000 high school students who are enrolled in courses at 44 colleges.”

The 100 Worst Ed-Tech Debacles of the Decade

Hack Education

At the time, David Wiley expressed his concern that the lawsuit could jeopardize the larger OER movement, if nothing else, by associating open educational materials with piracy. For the past ten years, I have written a lengthy year-end series, documenting some of the dominant narratives and trends in education technology. I think it is worthwhile, as the decade draws to a close, to review those stories and to see how much (or how little) things have changed.