Texthelp | January 11, 2022
Texthelp, a global leader in literacy and accessibility technology, today announced that they will acquire the Education Technology Division of Don Johnston Inc., a leading assistive technology and special education curriculum company based outside of Chicago, IL. Don Johnston Inc. is the latest Assistive Technology provider to join the Texthelp Group. Following Five Arrows' investment in December 2020, Texthelp acquired Lingit Group and Wizkids in 2021, expanding the company's reach in the Nordics and the UK. Texthelp's goal is to use its assistive technology to help 1 billion people with reading, writing, and numeracy by 2030. Together with Don Johnston Inc.'s leading SaaS-based products, the Texthelp Group will become the global leader in assistive technology tools for classrooms and workplaces. The terms of the deal were not disclosed.
One in ten people have dyslexia, and in the US, 12% of students are in special education, 15% of children at school are learning their 2nd language, and the average reading age is 7th to 8th grade. Using assistive tools has been proven to help students overcome these barriers and harness their unique strengths. Both Texthelp and Don Johnston Inc. have made it their mission to support equality and inclusion of all people, especially individuals with dyslexia and other learning needs. Together, Texthelp and Don Johnston Inc. will continue to offer their full suite of products, and customers will see the benefit of collaborative technology innovation between the companies within the first few weeks. Don Johnston Inc.'s curriculum division will form a new company, named Building Wings™, which includes the products Readtopia® and First Author®.
"Texthelp and Don Johnston Inc. share a common vision of a world where every student can feel what it is like to learn and succeed. Don and I founded our organizations for deeply personal reasons. We have an incredibly similar mission to elevate as many students as possible, helping them both understand and be understood. We are so excited to have Don Johnston Inc. join the Texthelp Group, and to have Don as an investor and board member. Our combined teams and expanded portfolio of products will allow us to give millions more students in the US and across the globe the best possible start in life and help them fulfill their full potential. Along with the Don Johnston team, we will continue to innovate and develop our suite of products to create the best assistive technology tools available."
Martin McKay, CEO and founder of Texthelp
For more than 40 years, Don Johnston Inc. has developed technology tools and curriculum that have helped students and educators build literacy skills. The company's support and accessible technology is designed to accommodate children and adults with special needs and learning disabilities. Since its inception, Don Johnston Inc. has helped over 32,000 schools through technologies, implementation, and personal connections.
"Don Johnston Inc. and Texthelp have worked in parallel in the edtech sector for decades. We share so many commonalities," said Don Johnston, CEO of Don Johnston Inc. "Fundamentally, we are both unified by a mission to help as many students as possible learn and succeed. I strongly believe that together we can achieve more, and I am excited to see what the future holds. My new role on the board of the Texthelp Group will allow me to continue to drive forward our shared vision. This is also an opportunity for our curriculum tools to forge their own path as a new organization, Building Wings. I am passionate about the role curriculum has to play in helping students, and I will maintain a leadership position with Building Wings as CEO."
Texthelp and Don Johnston Inc. will work together to expand product innovation and help many more people fulfill their potential, beginning in classrooms and extending through to the workplace. The two organizations will combine their teams and products to create the best technology available to students, educators, and employees. Texthelp will add Don Johnston's Snap&Read™, Co:Writer®, Word Bank™, Quizbot® and uPAR™ tools to its suite of products and all employees of Don Johnston's Education Technology Division will become Texthelp employees.
Founded in 1996, the Texthelp Group is a global technology company. On a daily basis, it helps people all over the world to understand and to be understood. For the last three decades, it has led the way in creating innovative education and workplace technology. Texthelp believes in a world where difference, disability, or language are no longer barriers. It is focused on helping all people learn, understand, and communicate through the use of digital literacy and accessibility software. With over 50 million users worldwide, the Texthelp suite of products includes Read&Write, EquatIO®, WriQ®, Fluency Tutor®, ReachDeck®, and SpeechStream®. These tools work alongside existing platforms such as Microsoft Office and G-suite. This allows for its products to be quickly integrated into any classroom or workplace with ease. Visit www.texthelp.com for more information.
About Don Johnston Inc.
Since 1980, Don Johnston Inc. has been a staple of the accessibility community, partnering with literacy experts, AT specialists, SLPs, OTs, and special education directors to develop popular assistive and evaluative tools including Co:Writer®, Snap&Read™, uPAR®, Word Bank™ and Quizbot®. Students across North America with dyslexia, autism, dysgraphia, and other diverse learning challenges rely on Don Johnston Inc. assistive tools every day to accommodate their learning needs in schools and at home. Education isn't the end of the transformation, it's only the beginning. Don Johnston Inc. tools open up possibilities right through the education journey and into the workplace. Visit https://learningtools.donjohnston.com/ for more information.
About Five Arrows
Five Arrows Principal Investments (FAPI) and Five Arrows Capital Partners (FACP) (together, "Five Arrows") are the European and US corporate private equity arms, respectively, of Rothschild & Co's Merchant Banking business. Five Arrows is focused on investing in middle-market companies with highly defensible market positions; strong management teams; business models with high visibility of organic unit volume growth and strong free cash flow conversion; and multiple operational levers that can be used to unlock latent value. The sector focus at Five Arrows is limited to healthcare, data & software and technology-enabled business services.
edX | July 01, 2021
2U, Inc., a global leader in education technology, and edX, a leading online learning platform, and education marketplace, announced today that they have entered into a definitive agreement to form an industry-redefining partnership that will help power the digital transformation of higher education to expand access and affordability, and usher in a new era of online learning.
2U will pay $800 million in cash to buy almost all of edX's assets. 2U and edX plan to reach over 50 million learners worldwide, serve over 230 partners, and provide over 3,500 digital programs on the world's most comprehensive free-to-degree online education marketplace.
Proceeds from the transaction will go to a nonprofit dedicated to reimagining the future of learning for people of all ages, addressing educational inequalities, and advancing next-generation learning experiences and platforms under the leadership of Harvard and MIT. In addition, this group will create methods and collaborations to help narrow the learning gap, drawing on insights acquired at Harvard, MIT, and other universities.
The acquisition will combine the distinct strengths and complementary skills of two leading players in online education. 2U is the preferred digital transformation partner for more than 80 of the world's leading universities, and the company expects to reach $1 billion in annual revenue by the end of 2021, while edX has built one of the world's strongest online education brands and largest global communities of learners. Over the last decade, 2U and edX have established mission-driven organizations based on the idea that online education and greater access to the world's finest nonprofit universities can transform lives and affect future generations. The combined scale, reach, capabilities, marketing efficiency, and relationships of 2U and edX will open up new possibilities to reach and serve more learners, universities, and businesses across the globe.
To maintain and promote the edX purpose, 2U intends to run edX as a public benefit entity, a kind of purpose-driven organization that balances the interests of shareholders with those of other stakeholders. 2U has committed to continuing to fulfill the edX mission by, among other things, ensuring affordability through the continuation of a free track to audit courses; protecting the intellectual property rights of faculty and universities that contribute massive open online courses, and ensuring that participating colleges and universities can continue to participate under their existing agreements with edX.
About 2U, Inc.
Removing the back row in higher education is more than a metaphor for our goal. 2U, Inc. is a global leader in education technology and has been a valued partner and brand steward of great universities for more than a decade. More than 500 educational programs, including undergraduate and graduate degrees, professional certifications, boot camps, and GetSmarter short courses, are designed, delivered, and supported by us. 2U, in collaboration with our partners, has positively impacted the lives of over 300,000 students and lifelong learners. Visit 2U.com for additional information. #NoBackRow
edX is the education movement for students. We've brought together over 39 million students, the majority of the world's top-ranked universities, and industry-leading companies on one online learning platform that supports learners at every level, in collaboration with our founding partners Harvard and MIT. And we're not stopping there; we're constantly pursuing our goal of a world where every learner has access to education to live a fulfilling life, regardless of cost or location.
TUTRRD | November 20, 2021
TUTRRD, an online learning and teaching platform for K-12 that focuses on one on one interactive learning as launched their an app to bridge the gap between after school tuitions and virtual education. The platform aims at bridging the gap between after school tuitions and virtual education by enabling teachers to conduct classes at their convenience and generate additional income for themselves, thereby providing personalized, convenient, and affordable learning solutions to the students from across all boards.
The announcement of the platform was done on Children's Day i.e. 14th November, 2021 through a webinar with the app going live on Android. The platform has on boarded over 500 teachers and aim to onboard around 5000 teachers by the end of this financial year in March 2022. The app is currently only available on Android Play Store.
"I strongly believe that teaching and learning should not be restricted to any geographical boundaries. When the educational system transitioned online, there was heavy reliance on technology to conduct classes. There was an increasing need to include the human element in this content-learning age. Moreover, the number of students were huge and personalization was becoming a challenge for the schools and colleges. That is how the idea of Tutrrd was born, where we focused on providing the personalized experience to learning that has been missing in the market."
Divya Tej Pereira, CEO & founder, TUTRRD
"It has always been my vision to empower teachers to connect with students and ensure they have the technology and skills to make learning an exciting and fulfilling experience. With the pandemic, many teachers lost their jobs or their salaries were reduced due to the economic halt. In such situations, it is important to assist teachers to step into their power and increase their income. We provide a platform for teachers to provide their expertise in the most convenient and engaging manner," added Mr Tej further.
The Tutrrd app provides a seamless user-experience, wherein students can book one-on-one personalized classes with the teachers based on their interest areas and educational needs. Dependency on private tuitions has proved to improve the performance of students at all levels of education. Therefore, the USP of the app is the personal touch that it provides to the students in their learning experience. The app has helped rethink the idea of private tuitions, wherein the students can get personalized attention with the help of expert teachers in order to enhance their academic performance with 100% live interactive and one-on-one tutoring. The primary focus of teaching is on core academics. However, with the personalization, the teachers can assist in the complete holistic development of students, thereby increasing their disposable income.
India's online tutoring market offers more than just internet-based tutoring sites; it also offers tuition services that use virtual worlds for teaching and providing personalized virtual attention to students. Growth of the online tutoring market has been attributed to several factors, including adoption of higher studies, COVID-19 outbreak, and improved accessibility to technology. By 2022, the market is predicted to reach USD 9 billion.
TUTRRD provides the most efficient and convenient way of learning for students by making education more accessible, affordable, and inclusive. Headquartered in Mumbai, TUTRRD is a platform that offers all Indian teachers an opportunity to conduct online classes and at the same time, help students to find expert teachers based on their subject specialization and book 100% live, interactive, and one-to-one tuition with them. Aimed at creating an integrated community, empowering and enabling educational professionals to highlight their individuality and unique teaching skills. By connecting students across all boards and highly qualified teachers through a single platform, TUTTRD prioritizes personal attention, thereby assisting teachers and students in their growth and development.