Flywire | July 14, 2022
Today, Flywire Corporation , a global payments enablement and software company, announced that it has completed the acquisition of Cohort Go, an international education payments provider that brings additional students, agents and essential student services to Flywire. The acquisition will build on Flywire’s existing education business to accelerate the growth of its agent focus and team, deepen its commitment to product and payment innovation, and further invest in Asia-Pacific (APAC), a key geographic focus for Flywire.
Cohort Go’s core focus is on providing international students with the ability to make cross-border tuition payments through international agents. Cohort Go’s agent platform is expected to bolster Flywire’s existing agent solutions to deliver even greater value to educational institutions, agents, and students. Additionally, with partner relationships in almost 40 geographies, Cohort Go’s global footprint and penetration in APAC and Latin America also present new growth and expansion opportunities for Flywire.
“Recruiting agencies play a critical role in the international student journey by assisting students in finding placements in higher educational and other institutions. “Cohort Go has been prominent in this space, with a network of over 1,000 agent partnerships, including some of the most prestigious student recruitment agencies in the world.”
Mike Massaro, CEO of Flywire
Massaro continued: “As we continue to invest in our Flywire Advantage – the combination of our next-gen payments platform, proprietary global payment network and industry-specific software – we seek opportunities to embed deeper into the workflows of our clients, agents and payers, with the goal of driving more value for them. Cohort Go’s successful agent platform, global footprint and adjacent services complement our existing capabilities and will help us power the higher education ecosystem into the future.”
Growth in international student recruitment indicates strong secular trend
Recent research suggests that the international education industry is poised for significant growth. According to new data from the market intelligence firm HolonIQ, 8 million international students will be enrolled with foreign higher education institutions by 2030 – 3 million more than were abroad in 2019 – and that their total spending will amount to more than double what it was before the pandemic.
As the demand for higher education accelerates, education agents are expected to play a critical role in international recruitment. Estimates from the international education consultancy, ICEF, suggest that more than 1 million students are placed through agents around the world, and rising. According to a 2021 report from the American International Recruitment Council and the National Association for College Admission Counseling, nearly half (49%) of U.S. colleges who responded were partnered with education agents, which is up from 36% of U.S. in 2017-2018. Agent growth is also on the rise in other popular higher education destination markets like Canada, whose international student population has grown sixfold over the past two decades.
Cohort Go was founded in 2012 by industry experts Mark Fletcher and Paul Jones, who combined their respective expertise in banking and commercial software to enable students to pay for their international education using their local currency, saving on fees and transfer rates. Grounded in their aligned vision to deliver value to the broader education ecosystems, the founders continually sought ways to work with education agents, institutions and students alike, and evolved their single solution into an online platform that offers a tailored experience, with capabilities to reduce costs, increase choice and improve productivity.
Today, Cohort Go partners with more than 1,000 agents globally. Students from more than 180 countries have leveraged Cohort Go, which services more than 60 currencies with local specialists all over the world. The integration of Cohort Go into Flywire’s existing agent platform will enable Flywire to provide even more value to agents, payers, and educational institutions.
Combination of software and payments powers future vertical ecosystems
Cohort Go’s strong regional focus in APAC, global agent relationships, and its existing payment infrastructure will help Flywire bolster its global payment network. Cohort Go’s relationships with payment partners all over the world will add to Flywire’s network of partners, further supporting Flywire’s clients and payers across all vertical industries.
Additionally, the acquisition of Cohort Go also enhances Flywire’s ability to accelerate Flywire’s roadmap to enable a broader suite of financial services targeted to international students and other payers. Already, Cohort Go is improving the way students pay for and save on health insurance, which augments Flywire’s focus on adding more value through its payer services.
“Working with our clients on delivering high-stakes, high-value tuition payments, we’ve continued to discover pain points in the education ecosystem that we believe we’re uniquely positioned to solve,” Massaro continued. “Cohort Go gives us an opportunity to accelerate the investment we have been making to further extend our value proposition to international students. With our Flywire Advantage, we can apply our existing framework of using software to drive value in payments to solve very specific use cases.”
Complements strong organic growth
The acquisition of Cohort Go is a continuation of Flywire’s long-term plan to supplement its strong organic growth and continually expand across all business lines. The acquisition is expected to be modestly accretive to revenue and Adjusted EBITDA. More details will be shared on the upcoming earnings call scheduled for August 9, 2022.
Flywire is a global payments enablement and software company. We combine our proprietary global payments network, next-gen payments platform and vertical-specific software to deliver the most important and complex payments for our clients and their customers.
Flywire leverages its vertical-specific software and payments technology to deeply embed within the existing A/R workflows for its clients across the education, healthcare and travel vertical markets, as well as in key B2B industries. Flywire also integrates with leading ERP systems, such as NetSuite, so organizations can optimize the payment experience for their customers while eliminating operational challenges.
EDUCATION TECHNOLOGY,ONLINE EDUCATION
Keysight Technologies, Inc | July 15, 2022
Keysight Technologies, Inc. (NYSE: KEYS), a leading technology company that delivers advanced design and validation solutions to help accelerate innovation to connect and secure the world, has introduced Keysight Cyber Training Simulator (KCTS), a comprehensive, turnkey cyber range that simulates real-world traffic using the company’s BreakingPoint solution.With cybercrime on the rise and cybersecurity professionals difficult to find, organizations are at risk. Consequently, cybersecurity jobs are growing by more than 30% annually (as cited in (ISC)2, 2021) and students who are well prepared will be the first to be considered for the industry’s top jobs. Therefore, academic programs that prepare them will be in high demand.
Keysight Cyber Training Simulator enables students to develop their skills in a realistic environment with market-leading tools currently used by professionals in enterprises and governments worldwide. As a result, students can quickly fill the roles in cybersecurity across many industries.
“Educators are making cybersecurity training a high priority to address the urgent need for cybersecurity professionals across all industries,Partnering with Keysight enables universities to develop the next generation of leading experts and stay at the forefront of the ever-changing cybersecurity landscape.”
-Boon Juan Tan, vice president and general manager of General Electronics Measurement Solutions at Keysight Technologies
KCTS is designed to help academic institutions fill the cyber industry workforce gap with industry-ready graduates. KCTS breaks from the common, script-based cyber range approach to provide a realistic and rounded experience, with unique benefits for both faculty and students, including:
The ability to hone their skills in real-world scenarios: Students will learn in the same environment they will use on the job post-graduation. For example, Keysight’s BreakingPoint simulates real-world attacks using legitimate traffic, distributed denial-of-service (DDoS) and malware, enabling students to learn from actual scenarios, not scripts. These scenarios are regularly updated by Keysight’s professional teams, ensuring students are trained on the latest threats.
The ability to quickly think on their feet: A full range of Red Team and Blue Team lab exercises, based on one or more of the simplified Cyber Kill Chain stages, prepares students for the unexpected and everchanging environment in the cyberworld.
Easy integration into the school’s Learning Management System (LMS): A common frustration for faculty is when third-party teaching tools have limited or no integration with the university’s LMS. KCTS features full Learning Tools Interoperability (LTI) to ensure that instructors can take full advantage of their university’s LMS investment.
Easy customization: The instructor has full ownership and control to create and customize scenarios as needed for the syllabus.
About Keysight Technologies
Keysight delivers advanced design and validation solutions that help accelerate innovation to connect and secure the world. Keysight’s dedication to speed and precision extends to software-driven insights and analytics that bring tomorrow’s technology products to market faster across the development lifecycle, in design simulation, prototype validation, automated software testing, manufacturing analysis, and network performance optimization and visibility in the enterprise, service provider and cloud environments. Our customers span the worldwide communications and industrial ecosystems, aerospace and defense, automotive, energy, semiconductor, and general electronics markets. Keysight generated revenues of $4.9B in the fiscal year 2021. For more information about Keysight Technologies (NYSE: KEYS), visit us at www.keysight.com.
STRIDE | August 19, 2022
Enrollment is now open for the 2022-2023 school year, welcoming students across California to a new, private, faith-based education option: FaithPrep California, which will use the comprehensive learning platform from Stride, Inc. to provide a world-class online education experience. The full-time K-12 school program, authorized by The Rock Academy, will offer families a faith-based online learning education that focuses on core character building through instruction by Christian teachers.
A recent study conducted by Stride, Inc. found that a majority of Christian parents (66%) are concerned about the quality of education their children are receiving, and nearly half of Christian parents (43%) say public education does not reflect their personal values. “We help students pursue academic excellence, develop Christian character, and discover their gifts, talents, and purpose to follow God’s calling in life,” said Chuck Wolfe, founder and CEO at Faith Academics. “We will provide your child a best-in-class online school experience by combining a dynamic curriculum with a faith-based approach.” FaithPrep California students will access a full course load across the core subjects of math, science, English/language arts, and social sciences, as well as career-oriented pathways and options to earn college credit. Students will connect with teachers during live instructional sessions and work with their peers in small-group activities, all-class assignments, hands-on projects, and more. And the online school will offer the opportunity to meet in person at Faith Centers across the state for socialization, faith activities, and general program support.
“Stride is proud to partner with a faith-based online school program for families in California,“We believe that in using Stride’s world-class curriculum, in addition to the Christian character-building components, we will build a brighter future for students and families.”
Perry Daniel, senior director of academics and partnership at Stride
Stride, Inc. has delivered online education to more than two million K-12 learners over the last two decades and has worked with schools and districts across all 50 states to help develop local solutions to meet personalized online and blended learning goals. FaithPrep California is part of the FaithPrep network of schools and programs supported by Faith Academics—a social purpose education company dedicated to providing online faith-based learning solutions and advancing technology-based education in developing countries such as Malawi, Africa.
About FaithPrep California
FaithPrep California is a full-time online learning program. sponsored by the Rock Academy, for students statewide in grades K-12 and will serve students starting in the fall of this year. FaithPrep California is a religious online private school and gives families the choice to access the curriculum provided by Stride