EDUCATION TECHNOLOGY
prnewswire | December 21, 2020
The plan to change a significant bit of the training framework online has been played with for quite a long time, as increasingly more online educational programs were gradually presented in colleges across the world. However, because of the pandemic and the social limitation that followed, online schooling, both from conventional and elective learning organizations, has become a pivotal piece of the training framework. For instance, online classes in Brown University have permitted understudies concentrating abroad and workforce directing examination outside of Providence to keep instructing at the University. "With the present standardization of online instruction, Brown can contact more crowds, including a bigger pool of pre-undergrads and graduate understudies, as the University had investigated before the pandemic," as per The Brown Daily Herald.
Other than the pandemic and its suggestions, the other main considerations driving the development of scholastic e-learning market size in the long haul are expanding advanced education e-Learning enlistments and the dispatch of new online degrees. Web based learning is likewise organized to save time and makes a few ways for vivid learning. Rather than being aloof, students can pick what they need to realize rapidly and effectively, from any place they are. What's more, as per information gave by Valuates Reports, the scholastic e-learning market size was esteemed at USD 103.8 Billion out of 2019 and is relied upon to develop CAGR 11.23% by 2025.
Meten EdtechX Education Group Ltd. (NASDAQ: METX) just declared breaking news with respect to a "solid recuperation of its lesser ELT business. Net billings and understudies enlistments of its lesser ELT business in October and November 2020 both surpassed the comparing period in 2019.
"The Company's junior ELT business continued to maintain its strong performance after the COVID-19 pandemic in China. From January to November 2020, the cumulative gross billings of the junior ELT business have recovered to approximately 76% of the same period in 2019. Moreover, the gross billings of junior ELT business in October and November increased by approximately 49% and 17%, respectively, compared to the same period last year, showing a positive step to profitability.
"The renewal and referral income from existing students accounted for approximately 60% of the gross billings, demonstrating the value of the junior ELT in terms of teaching quality, brand reputation and relatively low-cost customer acquisition channels. At the same time, the student enrollment has also recovered month by month with the gradual reopening of offline learning centers. The cumulative new student enrollment from January to November 2020 has recovered to approximately 71% of the same period last year, and the student enrollment in October and November 2020 has increased by approximately 46% and 24%, respectively, compared to the same period of last year. The overall expansion of student enrollment is in line with the Company's expectation.
"In addition to the continuous development of its existing business, the Company also plans to expand market coverage of its junior ELT business so as to explore the potentials or opportunities in the field of K-12 education service. Currently, the Company has launched Chinese and mathematics projects for the first time at its independent junior learning centers in Foshan, Guangdong Province, and Nanchang, Jiangxi Province, and these projects are progressing smoothly."
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EDUCATION TECHNOLOGY
Amesite | October 25, 2021
Amesite Inc., the leading artificial intelligence software company offering a cloud-based learning platform and content creation services for business, university, non-profit and government agency learning and upskilling, announced today that the latest iteration of its best-in-class A.I.-driven online learning platform, V4, is being delivered SCORM-compliant to customers starting November 1, 2021. SCORM is the most widely used eLearning technical standard available.
"Our Amesite V4 platform now enables our customers to launch their existing SCORM-compliant courses and benefit from our best-in-class A.I. technology and analytics. Our customers told us that they wanted to leverage our superior technology to deliver their existing portfolio courses in addition to new builds – and we listened. Organizations can rapidly deliver their existing courses, courses from our catalog, new courses they create themselves, and custom courses produced by Amesite, all with the user experience that their employees and users love. In just days, whole learning and development programs can be transitioned to Amesite's easy-to-use platform, all with a single purchase order. This development helps our customers – and us – build scale."
Dr. Ann Marie Sastry, founder and CEO of Amesite
Amesite's V4 platform supports migration of SCORM-compliant courses into Amesite Learning Community EnvironmentTM systems, with all the engagement benefits of an Amesite course, including best-in-class user experience, engaging interfaces, interactive lectures, livestreaming, and video conferencing.
Amesite's V4 platform infrastructure enables out-of-the-box scalability and agile improvements that support SCORM integration. Amesite's technology infrastructure focuses on speedy transit network, low latency, quality, and secure communication to provide best-in-class delivery of SCORM-compliant course catalogues.
The software-as-a-service (SaaS) market is expected to reach $171.9 billion in 2022, according to Statista, driven primarily by new innovations and increased customer adoptions. According to Grandview Research, the global A.I. market was valued at $62.4 billion in 2020 and is expected to grow at a compound annual growth rate of 40% through 2028, when it is forecasted to reach nearly $1 trillion.
About Amesite Inc.
Amesite is an ed-tech, SaaS company with the most advanced artificial intelligence driven online learning platform in the industry, providing both content creation and a best-in-class infrastructure for the multi-billion-dollar online learning markets in business and education.
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ONLINE EDUCATION
Tequity | September 02, 2021
Tequity, an M&A advisory firm specializing in global Enterprise B2B Cloud, SaaS, and IT companies, acted as the exclusive financial advisor to online training software Greenius, a leader in online training solutions for the green industry, in their acquisition by LMN, a Serent Capital portfolio company and North America's leading B2B landscape business management software company.
On working with Tequity, Jay Murray, Greenius Co-Founder and CEO said "I am really glad we engaged Tequity to help us sell our business - they have a deep knowledge of the SaaS market that was invaluable throughout the project from start to finish. I didn't realize the extent of the due diligence process before we began but Tequity worked with us and the buyer to keep things simple and avoid complications where possible. With Tequity's guidance I truly believe we were able to achieve a better outcome for the shareholders than if we had tried to go it alone, with a very strategic buyer who appreciates our technology, our customers, and our people."
London, Ontario-based Greenius is an industry leader with a proven track record of delivering exceptional online courses for landscape owners. Its team joins LMN immediately, filling an increasing customer need. A recent survey of LMN customers found that 70 percent identified training as a top priority for their employees in the coming years.
Together, Greenius and LMN will create the green industry's first fully integrated system offering end-to-end training together with comprehensive business management software, providing landscaping business owners everything they need in one system. Greenius will also continue to be provided as a stand-alone offering to customers.
"The addition of Greenius to the LMN family is huge for our customers, and the industry," said Mark Bradley, CEO, LMN. "We know just how important training is to landscaping leaders and their teams, and with Greenius, we can provide the best available training to help customers meet and exceed their needs."
Greenius bolsters LMN's training capabilities. The company offers hundreds of courses in both English and Spanish each year on a variety of topics to the green industry, including but not limited to maintenance, construction, snow, safety, equipment, supervisor training and more.
Many companies continue to be challenged by skilled labor shortages. With the addition of Greenius, landscape owners using the LMN platform will now have more opportunities to develop team members within their organizations to foster growth and retain employees.
"We could not be more excited to join LMN," said Arden Urbano, Co-Founder and President, Greenius, who will continue to lead the Greenius team. "We share the same values and passion for customers, and together we will create an experience that will help them take their companies and the industry to the next level."
About Tequity
Tequity assists Enterprise B2B SaaS, Cloud, and IT companies with business growth and exit strategies. Our mission is simple: Achieve the best outcome for our clients. With decades of combined experience as executives, consultants, and owners of software and technology companies, we leverage our deep industry knowledge across tech ecosystems and our relationships with strategic, growth-focused buyers around the globe to drive successful M&A transactions.
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