prnewswire | October 12, 2020
In response to the COVID-19 Pandemic and subsequent school closures, special education learning platform, Vizzle has enhanced their virtual platform and increased accessibility for parents and school districts struggling with increased needs and decreased budgets. Vizzle is the only student-facing, online, Special Education Platform that treats each student as an individual striving to meet their specific goals. As learning environments shift between the classroom and home, Vizzle provides students with consistency and school districts with easy-to-use technology, including more than 15,000 lessons and automatic data collection to track IEPs, giving teachers more time to connect with each student and celebrate progress.
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.
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.