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.
Bluum | May 10, 2023
Bluum, is pleased to announce the opening of "The Modern Classroom" in their Las Vegas office. The Modern Classroom is designed to transform the learning experience by providing an environment that encourages critical thinking, adapts to student needs, promotes collaboration, increases student engagement, and heightens motivation to learn. "Technology is not a substitute for a teacher, but a tool that, when used effectively, can enhance the teacher's ability to engage and inspire students to reach their full potential," Wayne LawsonThe Modern Classroom is equipped with the latest educational technology solutions and tools to support teachers and students in achieving their educational goals.With interactive flat panels, software, STEM products and other cutting-edge classroom solutions, students will be able to engage in collaborative and interactive learning experiences that foster critical thinking and problem-solving skills.
At Bluum, we provide technology design, engineering, solutions and services that make business and learning environments more exciting, accessible and interactive, empowering professionals with the resources and knowledge they need to build a brighter tomorrow. Visit Bluum and Bluum Technology to learn more.
About Wayne Lawson
Wayne Lawson, a seasoned educator with nearly two decades of experience, has devoted his life to teaching and has positively impacted numerous students by enabling them to realize their full potential and develop a lifelong love of learning. Wayne's enthusiasm for educational technology has led him to spearhead the integration of cutting-edge tools and methodologies into his teaching methods.
EDUCATION TECHNOLOGY, CORPORATE LEARNING SYSTEMS
Guild Education and Salt Security | March 17, 2023
Salt Security, the leading API security company, today announced that Guild Education, the leader in opportunity creation for America's workforce, has chosen the Salt Security API Protection Platform to secure its growing application programming interface (API) ecosystem. Guild relies on APIs for the exchange of private and sensitive student, employer, and school data across its Career Opportunity Platform. With the Salt platform, Guild gains automatic and continuous API visibility, insights into potential data exposure, and API runtime protection to ensure the safety of its customers' critical data.
"Guild supports workers, companies, and educational organizations to build new career opportunities and address increasing talent shortages. Keeping employee, employer, and school data secure has always been a top priority," said Julie Chickillo, VP, head of security, Guild Education. "The visibility we get with Salt eliminates blindspots, allowing us to better protect the critical and personal information – including employer eligibility updates, student loan reimbursement data, and program applications – being shared via our APIs."
Although Guild looked at other API security solutions, Salt provided the most actionable insights and the most mature platform. Leveraging the robust Salt API security platform, Guild gains:
Discovery of shadow APIs – to ensure a complete and accurate API inventory and understand what unknown APIs might exist that could pose security risks
Attack prevention – the most proven algorithms in API security to pinpoint attacker reconnaissance activity, even drawn out over days and weeks, and stop attackers before they reach their objective
API security testing – to gain vulnerability insights in pre-production, empowering the Guild development team to improve the security posture of its new APIs
The Salt Security platform enables organizations to catalog their APIs, see where they expose sensitive data, detect and block API attackers, scan and test APIs, and provide remediation insights that developers can use to harden APIs and improve the security posture over time. Through its patented API Context Engine (ACE) architecture, the platform can identify the early indicators of an attack, stop attackers from advancing and turn attackers into penetration testers, leading to valuable feedback for security teams to identify and eliminate API vulnerabilities.
About Salt Security
Salt Security protects the APIs that form the core of every modern application. Its patented API Protection Platform is the only API security solution that combines the power of cloud-scale big data and time-tested ML/AI to detect and prevent API attacks. By correlating activities across millions of APIs and users over time, Salt delivers deep context with real-time analysis and continuous insights for API discovery, attack prevention, and shift-left practices. Deployed quickly and seamlessly integrated within existing systems, the Salt platform gives customers immediate value and protection, so they can innovate with confidence and accelerate their digital transformation initiatives. For more information, visit https://salt.security/
Guild's Career Opportunity Platform enables forward-thinking employers to invest in their employees, unlocking life-changing opportunities for personal and professional growth through education and learning programs, career development and one-on-one coaching. Guild partners with the nation's largest employers — including Walmart, Chipotle, Discover, Hilton, Macy's, Target and The Walt Disney Company — to create cultures of opportunity that will help them attract and retain top talent, and build the workforce of the future. Using Guild's Career Opportunity Platform full of real-world education and learning programs, employees at those companies can gain the skills, knowledge and guidance they need to build a brighter future for themselves and their families — all without paying for tuition or career services on their own. For more information, visit https://www.guildeducation.com/