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.
SAFE, Inc. | October 18, 2021
Today SAFE™ formally announced its new partnerships with 3 major higher education institutions, including Marist College, Boston College, and the University of the Bahamas. Each institution will pilot SAFE products which are built to eliminate passwords, save valuable time, and ensure accurate student activity reports in hybrid and distance learning environments.
The pilots are expected to add additional data proving that SAFE OnTime Meeting Manager can save hours per month for each faculty member by using SAFE's patent-pending combination of cybersecurity and communication tools, which make it easier to call students into class, automate attendance of hybrid classes, and practically eliminate unauthorized access.
The pilots are also expected to add more evidence that people prefer to login without passwords, and smartphone technology provides a more secure convenient access method. Eliminating hacker-friendly passwords is the primary function of the patented SAFE Authenticator. Previous market studies conducted by SAFE indicate that 49% of all user groups studied are willing to try SAFE Authenticator to reduce or eliminate passwords.
The combined student populations of the partner colleges and universities is almost 30,000 students and 2,200 faculty, providing the opportunity for multiple pilots and future growth beginning with a subset of pilot participants.
"We awarded grants for these initial pilots to Marist College, Boston College, and University of the Bahamas because of their excellence in higher education, computer science, and market studies. Students can use SAFE to access classes and on-line systems with the same 5-second authentication process with no passwords. And, faculty will save hours per month with our automatic attendance feature."
David W. Schropfer, CEO of SAFE
Over 53% of all network attacks on Higher Education Institutions involve stolen passwords, according to the 2019 Verizon Data Breach Investigations Report by Suzanne Widup. And Bluevoyant.com reports that there are 337,000 such attacks in Colleges and Universities in the United States every week.
"By eliminating passwords for all student access, we eliminate a widely-exploited attract vector," Schropfer added.
SAFE™, a brand of Anchor ID, Inc., is a secure, privacy-centric, alternative to "Sign-In with Facebook" and other social sign-in products. The product replaces passwords with smartphone technology, and enables smartphone biometrics such as FaceID® or Samsung Fingerprint Reader®. The Company received a regular US patent on its technology and systems that enable their SAFE Authenticator product, and has a patent pending on the SAFE OnTime Meeting Manager. Categorically, the product is an Engagement Management System (EMS) which combines military grade authentication technology with customizable user controls and enterprise controls that make online authentication a highly secure, enjoyable customer experience.
Savvas | May 06, 2021
To celebrate Teacher Appreciation Week, Savvas Learning Company, a K-12 next-generation learning solutions leader, has partnered with EveryoneOn.org to honor teachers by helping close the digital divide for students from low-income families.
As part of its #SavvasThanks campaign for Teacher Appreciation Week 2021, Savvas is making a donation to EveryoneOn.org that will provide free high-speed Internet service to 100 families with school-aged students who are in need of reliable WiFi in their homes for digital learning. EveryoneOn.org is a nonprofit that works to connect low-income families to affordable Internet service, computers, and other digital resources.
"Over the past year, as students' homes became their classrooms, we have developed a deeper gratitude for everything teachers do. We've also seen during this time how a lack of reliable Internet access at home can serve as a barrier to learning, placing students in vulnerable communities at risk of falling behind their peers," said Bethlam Forsa, CEO of Savvas Learning Company. "We can't think of a more meaningful way to honor teachers for all their hard work than by doing something that really matters to them: helping advance digital equity."
About Savvas Learning Company
At Savvas, we believe learning should inspire. By combining new ideas, new ways of thinking, and new ways of interacting, we design next-generation learning solutions that help prepare students to become global citizens in a more interconnected, digital world.