PRnewswire | August 07, 2023
Spark Education Group, ("Spark" or "the Company"), one of the world's largest providers of small-group online classes for K-12 education, is announcing a brand upgrade from "VISPARK" to "Spark Education". As Spark Education, the company will expand upon its flagship Spark Math program, offer additional subjects, and introduce its interactive experience in offline learning centers around the world. This transformative shift reflects the edtech's commitment to continuously improving learning experiences for students and educational outcomes, all while ensuring a fun and stimulating learning environment.
Spark Education unveils brand upgrade with enhanced experiences
• Spark Math: Complete learning system from foundations to competition math
To better serve students at all levels, Spark is introducing additional features (such as daily practice, knowledge mapping, and other assessments.) Additional program options are being introduced to support students with diverse learning needs, from those looking to build a strong foundation to those looking to excel in top-tier math competitions.
• Learning Centers: New locations in Singapore and San Francisco
At many parents' requests, Spark is expanding its award-winning interactive learning experience to offline learning centers, introducing interactive components and hands-on learning elements in small-group classes. Look for us in Singapore at i12 Katong, the San Francisco Bay Area, and Vancouver Canada
• Expanded Offerings: Same great interactive learning experience, more subjects
Spark has continued to invest extensively in research and development. In the coming months, it will continue to unveil new subjects with the brand upgrade including Spark Chinese, Spark Chess, and Spark Coding (coming soon).
"This is an extensive brand upgrade that we hope will help parents and students around the world better connect with us," Tina Chen, VP of Brand at Spark commented.
"The brand upgrade to Spark Education clearly articulates our focus on education, and the essence of 'Spark.' We aspire for all students to be able to find their inner calling and discover meaning in their lives. 'Spark' also signifies the enlightening of others. Our mission is to Spark passion for learning and ignite lifelong growth. With Spark Education, we hope to bring this to life in a fun and stimulating way for students around the world, both online and offline."
About Spark Education Group
Founded in 2017, Spark Education Group is headquartered in Singapore. Its portfolio of education brands combines research-based pedagogy with technology to improve the learning experience and educational outcomes for students around the world. It was recently accredited by STEM.org, awarded "Best Interactive Learning Experience" at EdTech Asia Summit, and recognized as a Parent and Teacher Choice Award Gold Medal Recipient.
PR News Wire | September 01, 2023
Discovery Education, a global education technology company backed by Clearlake Capital Group, L.P. (together with its affiliates, "Clearlake"), today announced it has agreed to acquire DreamBox Learning®, a PK-12 education technology provider serving more than 6 million students and 600,000 educators nationwide. DreamBox Learning's current investors Elliott Investment Management L.P. and TPG's The Rise Fund will retain minority stakes in the company. Financial terms were not disclosed.
Headquartered in Bellevue, WA, DreamBox Learning offers the only dual-discipline solution rated "Strong" by Johns Hopkins University's evidenceforESSA.org in both mathematics and reading. Through its high-quality adaptive learning solutions independently proven to accelerate student growth, DreamBox Learning empowers educators with data analytics and content-specific professional development solutions to complement instruction.
"Discovery Education is excited to welcome DreamBox Learning, a brand synonymous with quality, research-based math and reading edtech solutions to our growing family of services," said Discovery Education Chief Executive Officer Jeremy Cowdrey. "Combining an expertise in learning science with adaptive, effective instructional solutions, DreamBox Learning's solutions can help students excel regardless of who they are or where they live. Through this latest acquisition, Discovery Education is better positioned to broaden its impact on student success by providing our existing network of partner school systems access to DreamBox Learning's collection of supplemental math, reading, and professional learning solutions."
The acquisition of DreamBox Learning supports Discovery Education's mission to prepare learners for tomorrow by creating innovative classrooms connected to today's world. DreamBox Learning's products complement Discovery Education's other successful digital solutions, which include Discovery Education Experience, the company's award-winning K-12 platform, the Techbook series of digital textbooks, Mystery Science, and more, in supporting student achievement.
The acquisition of DreamBox Learning comes at a time when school districts are seeking comprehensive, yet consolidated platforms to address a wide range of core and supplemental learning needs, backed by research that underscores meaningful gains in achievement. The addition of DreamBox Learning's intelligent adaptive learning technology to the Discovery Education suite will provide educators and students with more options for engaging, personalized learning experiences across a variety of disciplines.
"DreamBox Learning was founded in 2006 with the mission to transform the way the world learns through our pioneering intelligent adaptive learning technology, and today's announcement represents a significant next step to achieving that mission. Building upon our existing math and reading solutions, we can now leverage Discovery Education's highly scalable global footprint to reach more students and deepen our partnerships with educators around the world," said Jessie Woolley-Wilson, President and CEO of DreamBox Learning.
DreamBox Learning will be Discovery Education's most recent acquisition, joining Pivot Interactives and DoodleLearning, which were acquired in August of 2022, and Mystery Science, which was acquired in 2020.
Sidley Austin LLP served as legal advisor to Discovery Education. Moelis & Company LLC acted as lead financial advisor and Gibson, Dunn & Crutcher LLP served as legal advisor to DreamBox Learning on the transaction. The transaction is expected to close in the fourth quarter of 2023, pending customary regulatory approval and the satisfaction of customary closing conditions.
About Discovery Education
Discovery Education is the worldwide edtech leader whose state-of-the-art digital platform supports learning wherever it takes place. Through its award-winning multimedia content, instructional supports, and innovative classroom tools, Discovery Education helps educators deliver equitable learning experiences engaging all students and supporting higher academic achievement on a global scale. Discovery Education serves approximately 4.5 million educators and 45 million students worldwide, and its resources are accessed in over 100 countries and territories. Inspired by the global media company Warner Bros. Discovery, Inc. Discovery Education partners with districts, states, and trusted organizations to empower teachers with leading edtech solutions that support the success of all learners.
Clearlake Capital Group, L.P. is an investment firm founded in 2006 operating integrated businesses across private equity, credit, and other related strategies. With a sector-focused approach, the firm seeks to partner with experienced management teams by providing patient, long-term capital to dynamic businesses that can benefit from Clearlake's operational improvement approach, O.P.S.® The firm's core target sectors are technology, consumer, and industrials. Clearlake currently has over $70 billion of assets under management and its senior investment principals have led or co-led over 400 investments. The firm is headquartered in Santa Monica, CA with affiliates in Dallas, TX, London, UK, Dublin, Ireland, and Singapore.
PRnewswire | July 03, 2023
edX, a leading global online learning platform from 2U, Inc. , today announced that the University of Cape Town (UCT), Africa's leading university, is the newest member of the global edX partner network, joining hundreds of universities and institutions in expanding access to the world's best education. Additionally, UCT is partnering with edX to create 15 new courses and five new professional certificate programs, with more content launching throughout 2023.
UCT has been at the forefront of online education for the past 15 years and has worked closely with 2U since 2007 to develop over 80 online executive education courses that have been taken by 120K+ students. UCT's partnership with edX will further strengthen the University's online footprint, allowing it to continue providing transformative educational opportunities to more people worldwide.
"We are thrilled to be joining the edX global community of universities," said Professor Harsha Kathard, Acting Deputy Vice-Chancellor for Teaching and Learning at the University of Cape Town. "Our partnership with 2U revolutionized the way we deliver education, bringing UCT's unique blend of academic excellence and social consciousness online. As we further our commitment to making our diverse areas of expertise accessible to all, our partnership with edX opens an exciting new avenue for this mission. We're particularly enthusiastic about the opportunity to enrich the edX platform with a breadth of courses and specialized knowledge highlighting the diverse aspects of Africa as a continent."
UCT's full portfolio of online program offerings developed with 2U encompasses a wide range of disciplines, including finance, investment, technology, business leadership, marketing, project management, and engineering the built environment, among others.
"UCT, as one of our most significant executive education partners, is a pivotal addition to the edX community," said Andrew Hermalyn, President of Partnerships at 2U, the parent company of edX. "Our partnership not only underscores edX and UCT's shared commitment to providing accessible, high-quality education to learners across the globe, but also plays a critical role in bridging the skills gap for people in South Africa. UCT's expertise in African-centered content enriches our platform and brings invaluable diversity to our learning community."
edX is the global online learning platform that exists to help learners everywhere unlock their potential. edX was founded by Harvard and MIT in 2012 to make the world's best education available to everyone. Today, as a 2U, Inc. company (Nasdaq: TWOU), edX connects 76 million people worldwide with the skills, knowledge, and support to achieve their goals. Together with the world's leading universities and companies, edX offers thousands of free and open courses, professional certificates, boot camps, credit-bearing micro credentials, and undergraduate and graduate degrees.
About the University of Cape Town:
Founded in 1829, University of Cape Town has a proud tradition of academic excellence and effecting social change and development through its pioneering scholarship, faculty, and students. UCT's reputation for excellence is underpinned by its distinctive research, led by its distinguished faculty, many of whom are leaders in their field.