ONLINE EDUCATION
PRnewswire | April 20, 2023
Promethean, a leading global education technology company, announced today that its parent company, NetDragon Websoft Holdings Limited, has approved a plan and entered into the related agreements to spin off the Promethean group of entities into a separate company that will subsequently merge with Gravitas Education Holdings, Inc., a public company.
Following the merger, expected to be completed in Q3, Promethean will benefit from operating as a standalone company separate from NetDragon, listed on the NYSE, with a distinct board and management team of world-class leaders focused on driving shareholder value. The new holding company will be renamed to MYND.AI at the transaction's closing to reflect the new brand and the company's direction to pursue the transformation of artificial intelligence (AI) in education.
Merging with Gravitas Education Holdings, Inc. (NYSE: GEHI) will enable the company to grow its global education business sustainably and further the development of new innovative technologies like AI. Promethean has expanded its product offerings to include software and AI in the past year. This merger is the next stage in the evolution of the company's goal to strengthen its global position in the market and remain the market leader in the U.S. and EMEA.
"The decision to spin off our overseas education business advances our ability to create value for customers and shareholders. Our business is at an exciting market inflection point as the world moves toward accelerating the application of AI in virtually all industries. We believe we are well ahead of the market in pushing forward the effective and practical use of AI in education, especially in the classroom," said Dr. Simon Leung, vice chairman of NetDragon and chairman of MYND.AI, upon closing of the transaction. "As we execute our plan to transform education with AI, this spinoff transaction will provide the right platform for the MYND.AI team to pursue our goal of becoming the dominant category leader in the AI-enabled classroom technology space. We are excited about our path ahead, and I want to thank our shareholders for their support as we embark on this journey together."
"As the classroom evolves, we continue to look to the future to provide innovative educational technology solutions that transform teaching and learning. We are excited to be at the forefront of integrating AI into our products that will add true education value, leveraging our investment in AI technology and our deep understanding of customer needs over the past 25 years," said Vin Riera, CEO at Promethean and MYND.AI, upon closing of the transaction. "This exciting new chapter will build on our mission to design learning and collaboration tools that deliver the most effective learning outcomes for teachers and students."
About Promethean
Promethean is a leading education technology company working to transform the way the world learns and collaborates. From our founding in Blackburn, England, more than 25 years ago to our global operations in 22 countries today, we've continued to explore, innovate, and inspire —designing learning and collaboration tools that are built for breakthroughs. Our award-winning interactive display, ActivPanel, and lesson delivery software, ActivInspire and ClassFlow, were designed to engage students, connect colleagues, and bring out the brilliance in everyone. With headquarters in Seattle, Washington, and offices worldwide, Promethean is a member of the NetDragon Websoft Holdings Limited (HKSE: 0777) group of companies.
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TALENT DEVELOPMENT
Melmark | March 10, 2023
On March 09, 2023, Melmark, a non-profit human service organization, started a new school facility for special education and recreational environment in Stoughton, Massachusetts. It selected Maggiore Construction Corporation with Roth and Seelen, Inc. to design and build this facility.
It conducted the groundbreaking ceremony on January 24, 2023. This facility will offer a state-of-the-art and accessible special education learning and recreational surrounding, opening in May. Its New England division presently enrolled about 132 students at its Andover school, and this new facility will educate up to 84 students. It will provide new opportunities for school districts, students, and families deprived of clinically sophisticated educational services. In addition, it would also offer job opportunities with skilled special education leaders.
This facility has a license from DESE and helps students aged 3 to 22 with an intensive individualized education approach. This approach and a behavioral framework create the learning environment needed for education. Its students are diagnosed with autism spectrum disorder and intellectual and developmental disabilities, having secondary to complex behavioral profiles. Melmark New England is also the Massachusetts Association of 766 Approved Private Schools (MAAPS) member.
President and CEO of Melmark, Rita M. Gardner said, "This is a poignant time in the history of Melmark, this is a project that was slated to start during the COVID-19 pandemic. We are thrilled to stay focused on the needs of families in our communities. We are collaborating with school professionals, families, and other stakeholders to share information about the opportunities our new school will make available, as we are keenly aware of the critical, growing need for the evidence-based services we offer. The new school building will support spacious, intentionally designed classroom environments with innovative tools for learning and skills building. This growth in MA reflects our mission and strategic goal to serve children in diverse and inclusive communities who need and deserve Melmark's specialized special education services to reach their best outcomes."
(Source – Cision PR Newswire)
About Melmark
Headquartered in Berwyn, Pennsylvania, Melmark, an individual and family services provider, specializes in applied behavior analysis, special needs, intellectual disabilities, developmental disabilities, autism, education, healthcare, approved private school autism and intellectual disabilities, charity and non-profit, and volunteers. It is a multi-state human service provider with special education schools, training, research centers and professional development. It has transformed the lives of individuals with autism, intellectual and developmental disabilities and supporting their families since 1966. It provides evidence-based and behavior-analytic services to them daily.
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TALENT DEVELOPMENT
Bluum | May 10, 2023
Bluum, is pleased to announce the opening of "The Modern Classroom" in their Las Vegas office. The Modern Classroom is designed to transform the learning experience by providing an environment that encourages critical thinking, adapts to student needs, promotes collaboration, increases student engagement, and heightens motivation to learn. "Technology is not a substitute for a teacher, but a tool that, when used effectively, can enhance the teacher's ability to engage and inspire students to reach their full potential," Wayne LawsonThe Modern Classroom is equipped with the latest educational technology solutions and tools to support teachers and students in achieving their educational goals.With interactive flat panels, software, STEM products and other cutting-edge classroom solutions, students will be able to engage in collaborative and interactive learning experiences that foster critical thinking and problem-solving skills.
About Bluum
At Bluum, we provide technology design, engineering, solutions and services that make business and learning environments more exciting, accessible and interactive, empowering professionals with the resources and knowledge they need to build a brighter tomorrow. Visit Bluum and Bluum Technology to learn more.
About Wayne Lawson
Wayne Lawson, a seasoned educator with nearly two decades of experience, has devoted his life to teaching and has positively impacted numerous students by enabling them to realize their full potential and develop a lifelong love of learning. Wayne's enthusiasm for educational technology has led him to spearhead the integration of cutting-edge tools and methodologies into his teaching methods.
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