PRnewswire | April 20, 2023
Promethean, a leading global education technology company, announced today that its parent company, NetDragon Websoft Holdings Limited, has approved a plan and entered into the related agreements to spin off the Promethean group of entities into a separate company that will subsequently merge with Gravitas Education Holdings, Inc., a public company.
Following the merger, expected to be completed in Q3, Promethean will benefit from operating as a standalone company separate from NetDragon, listed on the NYSE, with a distinct board and management team of world-class leaders focused on driving shareholder value. The new holding company will be renamed to MYND.AI at the transaction's closing to reflect the new brand and the company's direction to pursue the transformation of artificial intelligence (AI) in education.
Merging with Gravitas Education Holdings, Inc. (NYSE: GEHI) will enable the company to grow its global education business sustainably and further the development of new innovative technologies like AI. Promethean has expanded its product offerings to include software and AI in the past year. This merger is the next stage in the evolution of the company's goal to strengthen its global position in the market and remain the market leader in the U.S. and EMEA.
"The decision to spin off our overseas education business advances our ability to create value for customers and shareholders. Our business is at an exciting market inflection point as the world moves toward accelerating the application of AI in virtually all industries. We believe we are well ahead of the market in pushing forward the effective and practical use of AI in education, especially in the classroom," said Dr. Simon Leung, vice chairman of NetDragon and chairman of MYND.AI, upon closing of the transaction. "As we execute our plan to transform education with AI, this spinoff transaction will provide the right platform for the MYND.AI team to pursue our goal of becoming the dominant category leader in the AI-enabled classroom technology space. We are excited about our path ahead, and I want to thank our shareholders for their support as we embark on this journey together."
"As the classroom evolves, we continue to look to the future to provide innovative educational technology solutions that transform teaching and learning. We are excited to be at the forefront of integrating AI into our products that will add true education value, leveraging our investment in AI technology and our deep understanding of customer needs over the past 25 years," said Vin Riera, CEO at Promethean and MYND.AI, upon closing of the transaction. "This exciting new chapter will build on our mission to design learning and collaboration tools that deliver the most effective learning outcomes for teachers and students."
Promethean is a leading education technology company working to transform the way the world learns and collaborates. From our founding in Blackburn, England, more than 25 years ago to our global operations in 22 countries today, we've continued to explore, innovate, and inspire —designing learning and collaboration tools that are built for breakthroughs. Our award-winning interactive display, ActivPanel, and lesson delivery software, ActivInspire and ClassFlow, were designed to engage students, connect colleagues, and bring out the brilliance in everyone. With headquarters in Seattle, Washington, and offices worldwide, Promethean is a member of the NetDragon Websoft Holdings Limited (HKSE: 0777) group of companies.
PRnewswire | April 20, 2023
Interplay Learning, the leading provider of online and virtual reality training for the essential skilled trades, announces a partnership with the Temperature Control Institute (TCI), a unique state-of-the-art skilled trades education program helping underemployed youth prepare for careers in the skilled trades.
TCI offers six-month certification courses in HVAC and commercial refrigeration. All students graduate with at least one job-ready certification, such as EPA 608, OSHA 10 and NATE, and use Interplay's training to help prepare for their exams. Graduates are qualified for entry-level employment, offering employers in Memphis, Tennessee and Southaven, Mississippi skilled and job-ready talent. Qualifying students may also receive free tuition through state funding.
"Interplay Learning is like having another instructor," said Edward York, TCI Director. "We get more effective learning done in less time, and we're also seeing less wear and tear on our equipment. That's going to allow us to grow faster, so we can help even more young people acquire essential skills that enable them to turn their lives around."
Interplay Learning's immersive virtual-reality simulations and robust catalog of technical content enhance TCI's classroom engagement and hands-on training programs. The platform includes expert-led video-based training, knowledge checks, and hands-on 3D simulations to help technicians rapidly develop on-the-job skills and practice troubleshooting in a risk-free, familiar environment. The on-demand courses offer game-like training that provides flexibility so students can practice anytime, according to their learning style, using a tablet, computer, or virtual reality headset.
TCI is currently enrolling students at its Southhaven, Mississippi, location conveniently located near Memphis, Tennessee. TCI plans to increase its class size as it expands to a new facility in Memphis later this year and add additional training programs for plumbing, electrical, and building maintenance.
"Our mission is to help institutions build better training, better careers, and better lives," said Doug Donovan, founder and CEO of Interplay Learning. "Temperature Control Institute is a shining example of how simulation-based technology can engage and support the next-generation skilled workforce more effectively. We're proud to partner with TCI to support the young, underemployed community in Memphis with an innovative strategy that addresses the skilled labor shortage."
Interplay Learning builds better training, better careers, and better lives for its customers and their employees. Its award-winning online and virtual reality training for the essential skilled trades, including HVAC, plumbing, electrical, solar, multifamily maintenance, and facilities maintenance workforces, is scalable and more effective than traditional training methods. By leveraging immersive learning technology, Interplay's customers can train and practice hands-on learning from a desktop, phone, tablet, or in virtual reality, resulting in a highly trained employee who is job-ready in weeks, not years.
About Interplay Learning
Austin-based Interplay Learning offers scalable and effective training for the essential skilled trades that helps business leaders, educators and their teams build better companies, better careers and better lives. Interplay Learning's immersive online and VR training platform for HVAC, plumbing, electrical, solar, hospitality, multifamily maintenance and facilities maintenance workforces includes expert-led video courses, hands-on 3D simulations, knowledge checks and custom learning paths to upskill advanced technicians and help new technicians be job-ready in weeks, not years.
Businesswire | April 19, 2023
PowerSchool ,a leading provider of cloud-based software for K-12 education in North America, today announced two new features coming to the PowerSchool Personalized Learning Cloud. Starting in May, all schools and districts using Schoology Learning, part of the Personalized Learning Cloud, will be able to access a robust lesson planning tool to expedite creating and delivering lesson plans. PowerSchool is also launching a new standards-aligned assessment database, making it easier for educators to use Performance Matters in the Personalized Learning Cloud to build assessments and access meaningful results to guide instruction.
Designed to simplify the task of creating and managing lesson plans, the new lesson planning feature accessible in Schoology Learning will provide teachers with customizable templates to create detailed lesson plans that can be shared with colleagues and students. Teachers can attach resources, such as videos, articles, and assignments, to their lesson plans, making it easy for students to access all necessary materials in one place. Combined with a simplified calendar view to help teachers see all their lessons and assignments in one place, the Personalized Learning Cloud provides teachers with even more tools to create engaging and effective learning opportunities for students.
“We’re dedicated to providing turnkey solutions for educators so they can properly manage any and all tasks related to curriculum planning, personalized instruction, and student performance assessments,” said Jean Teillon, Group Vice President, Product, PowerSchool. “We're confident the updates to the Personalized Learning Cloud will provide teachers with the tools and data-backed insights needed to effectively plan for and deliver quality instruction to students."
With these enhancements, the Personalized Learning Cloud will provide educators building and delivering assessments in Performance Matters with access to numerous standards-aligned items that can be used to support personalized learning efforts. It also helps teachers easily access appropriate assessment items based on state standards and Webb’s Depth of Knowledge (DOK) that can be used to build both formative and practice comprehensive assessment versions. Now instructors can identify student performance gaps and indicators of learning loss, while also providing educators with the proper support to easily monitor student academic progress. School and district administrators who want to expand their access to pre-made content can also upgrade to the full subscription-based PowerSchool Item and Assessment bank, which consists of an even larger collection of ready-made items, common formative assessments, and summative benchmark assessments built to inform instruction.
The Personalized Learning Cloud is designed to help educators efficiently personalize instruction and learning to support better learning outcomes for all learners. The newly available features are intuitive and will help provide teachers with more time back so they can focus on providing high-quality instruction to their students.
“Educators have made it clear they need access to tools and content so they can create more personalized lessons to meet the unique learning needs of all learners,” said Marcy Daniel, Chief Product Officer, PowerSchool. “The new features within the Personalized Learning Cloud will not only provide teachers with time back but also provide them with clearer oversight of student performance.”
PowerSchool is the leading provider of cloud-based software for K-12 education in North America. Its mission is to power the education ecosystem with unified technology that helps educators and students realize their full potential, in their way. PowerSchool connects students, teachers, administrators, and parents, with the shared goal of improving student outcomes. From the office to the classroom to the home, it helps schools and districts efficiently manage state reporting and related compliance, special education, finance, human resources, talent, registration, attendance, funding, learning, instruction, grading, assessments and analytics in one unified platform. PowerSchool supports over 50 million students globally and more than 15,000 customers, including more than 90 of the top 100 districts by student enrollment in the United States, and sells solutions in more than 90 countries.