prnewswire | June 04, 2020
Curriculum Associates recently added new features to i-Ready to meet emerging educator needs during school closures and beyond. These features include a new instructional report for educators as well as new reading comprehension lessons for middle school students. Today, the award-winning i-Ready program serves over eight million users nationwide and approximately 25 percent of all K–8 students across all 50 states."We are always listening to our educators and working to improve our programs to meet their evolving needs, especially in challenging times like these with extended school closures," said Rob Waldron, CEO of Curriculum Associates.
Nerdy | September 24, 2021
Nerdy, a leading platform for delivering live online learning, today announced that it has completed its business combination with TPG Pace Tech Opportunities a publicly traded special purpose acquisition company. The Business Combination was approved on September 14, 2021 by TPG Pace Tech Opportunities’ stockholders. Beginning September 21, 2021, Nerdy common stock and warrants will trade on the New York Stock Exchange under the ticker symbols “NRDY” and “NRDY WS”, respectively.
Nerdy has an ambitious mission to transform how people learn, and this transaction sets us up to accelerate the growth of live online learning at a pivotal moment when students and schools across the country need immense support. Our entry into the public market represents an important milestone for the Company and provides the resources necessary to go after the massive and growing opportunity in front of us. I want to recognize the dedication of the entire Nerdy team and could not be prouder of what we have achieved thus far. We’re just getting started and have an exceptional team in place to drive the next chapters of growth for our organization
Chuck Cohn, Founder, Chairman and CEO of Nerdy
Greg Mrva, President of TPG Pace Tech Opportunities, said, “We were attracted to Nerdy for its proven business model, strong leadership team, and ability to deliver live personalized learning at scale for learners of all ages and across thousands of subjects. With these attributes in place, Nerdy has delivered on growth in 2021 through core 1:1 and multi-format instruction and has recently added a direct to school initiative which provides a new driver of growth into 2022. We are excited to move forward as one organization and continue to partner with Chuck and the management team, helping Nerdy strengthen and grow its position in the industry.”
Goldman Sachs & Co. LLC acted as exclusive financial advisor to Nerdy. Deutsche Bank Securities Inc. acted as financial advisors, capital markets advisors, FPA and PIPE placement agents to TPG Pace Tech Opportunities. J.P. Morgan Securities LLC and Barclays Capital Inc. acted as capital markets advisors, FPA and PIPE placement agents to TPG Pace Tech Opportunities. Northland Capital Markets and Siebert Williams Shank acted as capital market advisors and FPA Placement Agents to TPG Pace Tech Opportunities. TPG Capital BD, LLC, Canaccord Genuity, JMP Securities LLC, Needham & Company and Raymond James & Associates, Inc., acted as capital market advisors to TPG Pace Tech Opportunities. Goodwin Procter LLP acted as the legal advisor to Nerdy and Vinson & Elkins L.L.P. acted as the legal advisor to TPG Pace Tech Opportunities.
Nerdy is a leading platform for live online learning, with a mission to transform the way people learn through technology. The Company’s purpose-built proprietary platform leverages technology, including AI, to connect learners of all ages to experts, delivering superior value on both sides of the network. Nerdy’s comprehensive learning destination provides learning experiences across 3,000+ subjects and multiple formats—including one-on-one instruction, small group classes, large format group classes, and adaptive self-study. Nerdy’s flagship business, Varsity Tutors, is one of the nation’s largest platforms for live online tutoring and classes. Its solutions are available directly to students and consumers, as well as through schools and other institutions.
TPG is a leading global alternative asset firm founded in 1992 with $108 billion of assets under management and offices in Beijing, Fort Worth, Hong Kong, London, Luxembourg, Melbourne, Mumbai, New York, San Francisco, Seoul, Singapore, and Washington D.C. TPG's investment platforms are across a wide range of asset classes, including private equity, growth equity, impact investing, real estate, secondaries, and public equity. TPG aims to build dynamic products and options for its investors while also instituting discipline and operational excellence across the investment strategy and performance of its portfolio.
Education Modified | July 13, 2020
Education Modified and the DC Special Education Cooperative announce a partnership, supported by Someone Else's Child and MIT Solve, to streamline workflow and improve virtual special education delivery for 16 additional charter schools in Washington, D.C.Through this partnership, Co-op member schools can use Education Modified's data and collaborative workflow platform for the upcoming 2020-2021 school year to address a major stumbling block during the COVID-19 school closures: communicating & delivering services to students with special needs in virtual settings.Now, instead of relying on paper files and other systems that are no longer viable, teams in over 20 Co-op member schools will utilize Education Modified to access data from IEP plans, track progress towards goals, and collaborate in real-time with all team members. "This partnership, the first of its kind for DC Charter Schools, will revolutionize the ways in which educators collaborate in service of students with disabilities," Julie Camerata, Executive Director, DC Special Education Cooperative, shared. "Over 15% of students in Washington DC's public schools are identified as having a disability. With the generous support of Someone Else's Child, we can make a difference for a great many of them."This unique non-profit and social impact for-profit collaboration represents the approach needed to address the challenges schools and districts across the US face.