Innovator of the Year: ReUp Education

educationdive | December 09, 2019

Around four in 10 students who enroll in a four-year college don't earn a bachelor's degree from that institution within six years, according to federal data. For community colleges, the outlook is even worse, with their three-year graduation rates hovering under 30%. It's costly for colleges when students drop out. In the 2010-11 academic year, roughly 1,700 institutions collectively lost out on $16.5 billion of tuition revenue due to students leaving without a credential, according to the Education Policy Institute. Stopped-out students can end up saddled with debt they must pay off without the economic benefit of a degree.

Spotlight

Universal screening is an essential component of an effective schoolwide literacy model. Assessing all K–8 students three times a year on indicators of essential reading skills supports identifying students who are at risk before they develop reading problems, and identifying struggling readers early enough to successfully remediate their reading difficulties. 

Spotlight

Universal screening is an essential component of an effective schoolwide literacy model. Assessing all K–8 students three times a year on indicators of essential reading skills supports identifying students who are at risk before they develop reading problems, and identifying struggling readers early enough to successfully remediate their reading difficulties. 

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EDUCATION TECHNOLOGY

spotivity Launches Pocket Genie, Leading EdTEch Marketplace Application

Spotivity | December 19, 2022

Spotivity, a Chicago-based tech startup has fully launched the industry’s first research-informed decision engine to help teens find meaningful afterschool engagement while also supporting program providers to lower liability, improve participant engagement, and drive recruitment. spotivity supports teens through its’ “Pocket Genie” the research-informed machine learning recommendation created in partnership with Utah State University under the guidance of Montana Butsch and Dr. Travis Dorsch. Completed Pocket Genie launched The Genie is a patent-protected algorithm that utilizes key insights from the user to help identify meaningful non-prescriptive pathways for the user to pursue. In short – spotivity makes the unkowns known and peels back the curtain on pathway routes a teen can take. Specific information on the approach can be found in a recently published blog by Dr. Dorsch https://www.spotivity.com/blog/spotivity-a-research-approach-to-access/. As he clearly underscores, “Many children learn that some dream jobs are out of reach while others lack the functional knowledge to even know that some careers exist. In many cases, children don’t have knowledge of or access to the right preparation pathways to even start planning appropriately. The root problem seems to be that the process of finding a career is largely uninformed by evidence-based principles.” About Montana Montana is a graduate of the University of Pennsylvania, read Education Research at Oxford University, is an Executive Scholar at Northwestern University, and, most recently, an Executive MBA Graduate from Brown University. Upon concluding work at Oxford, he focused on pursuing social ventures in Chicago, which led to the founding of the Chicago Training Center ‘CTC’ in 2006. About spotivity spotivity was informed by Butsch’s experience as the founder of CTC. Recent media coverage has centered on the #micdropchallenge www.micdropchallenge.com spotivity is an 1871 member, portfolio company of the Founder Institute, and graduate of the UVI Accelerate Accelerator

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EDUCATION TECHNOLOGY

AVISTA CAPITAL PARTNERS ACQUIRES SPEAR EDUCATION

Spear Education | December 20, 2022

Avista Capital Partners ("Avista"), a leading private equity firm focused exclusively on healthcare, today announced its acquisition of Spear Education ("Spear" or the "Company"), a tech-enabled provider of digital and in-person clinical training, practice analytics and consulting solutions for the dental market. Transaction terms were not disclosed. Headquartered in Scottsdale, AZ, Spear is the industry's leading dental education provider. Spear offers unmatched breadth of content including 5,000+ on-demand videos, 300+ hands on workshops annually, and 100+ study club modules. Spear's solutions enable dentists to learn higher acuity skills and generate new revenue streams, providing a high ROI to dental practices and practitioners across the spectrum of experience. Avista Partner Sriram Venkatraman, said: "Avista sees Spear as a compelling investment opportunity given its industry leadership, demonstrated growth potential and diversified business model. We look forward to leveraging our deep experience in the healthcare technology sector and dental end-market to help accelerate Spear's growth trajectory. "Spear has achieved robust growth over the last several years, with increases in membership and the expansion of our digital content. We are well positioned to capitalize on the tremendous opportunities ahead, against the backdrop of an accelerating industry. We are thrilled to have Avista as a partner as we pursue a multi-lever expansion strategy that will result in compelling benefits for our customers, employees and the entire dental industry." CEO of Spear Education Kaleim Manji, Steve Schiess, an Avista Strategic Executive with over 30 years of experience in the dental industry, most recently as the CEO of Zest Dental Solutions, a former Avista portfolio company, added, "Spear offers dentists a tremendous value proposition. Spear's education and training courses enable dentists to learn new skills that drive the retention of procedures in-house which, in turn, delivers a high return on their Spear investment. We believe there are multiple opportunities to accelerate both the dental practices' and Spear's growth. Wilkie Farr & Gallagher LLP acted as legal advisor and William Blair acted as financial advisor to Avista. About Spear Education Spear Education is dentistry's premier source for continuing education. The company serves dentists of all clinical skill levels and transforms practices and the lives of patients by offering physical hands-on courses, extensive peer-to-peer regional learning, and comprehensive online educational tools. For more information, go to www.speareducation.com. About Avista Capital Partners Founded in 2005, Avista Capital is a leading New York-based private equity firm with over $8 billion invested in more than 40 growth-oriented healthcare businesses globally. Avista partners with businesses that feature strong management teams, stable cash flows and robust growth prospects – investing in the medical devices, pharmaceuticals, outsourced pharmaceutical services, healthcare technology, healthcare distribution and diagnostics, and consumer healthcare sectors. Avista's Strategic Executives and Advisors are an integral part of the team, providing strategic insight, operational oversight and senior counsel, which helps drive growth and performance, while fostering sustainable businesses and creating long-term value for all stakeholders.

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EDUCATION TECHNOLOGY

Anthology Adds Data Security and Privacy Certification with Additional Solutions

Anthology Inc | January 24, 2023

Anthology, the largest EdTech ecosystem for education on a global scale, announced on January 23, 2023, that it would support more solutions with certifications for data security and privacy. The company, which provides educational solutions supporting the entire learning cycle, has now expanded its ISO 27001 security certification feature. After integrating Anthology and Blackboard in October 2021, one certification would combine Blackboard Learn, Anthology Ally, Anthology Student, and Anthology Reach. Furthermore, Anthology Encompass, Anthology Engage, Blackboard SafeAssign, and Blackboard Data attained ISO 2001 certification. Complete solutions approved by ISO 27001 are also approved for cloud service security controls and data privacy protection practices. An independent third-party auditor has confirmed that ISO 27001 certification is recognized globally for its best international security management practices and overall security controls. Thus, this certification guarantees that Anthology's security program satisfies high security and privacy standards. Richie Rodriguez, Chief Information Security Officer at Anthology, said, "Data security and data privacy are foundational elements of the learning journey. This expansion of certification by independent experts signals to learners, instructors and administrators that Anthology is committed to delivering the highest level of safety and security. Our team puts security and data privacy at the center of our product development and management lifecycle process, an approach that ensures our solutions will continue to provide seamless, industry-leading protection so learners can focus on achieving their goals." (Source – Cision PR Newswire) The mentioned products got certified for ISO 27017 and ISO 27018 as well. ISO 27017 establishes security protocols for cloud services, while ISO 27018 contains specifications for protecting personally identifiable information (PII) in public clouds. About Anthology The company supports over 150 million learners in 80 countries as well as educational institutes worldwide. It provides approximately 60 SaaS products and services dedicated to promoting learning. In addition, it serves the global education community with dynamic, data-informed events that will assist learners and instructors in achieving their objectives.

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