Home > News > featured news > Is VR Education Holdings (ISE:6VR) In A Good Position To Deliver On Growth Plans?

Is VR Education Holdings (ISE:6VR) In A Good Position To Deliver On Growth Plans?

Simply Wall St | September 16, 2019

We can readily understand why investors are attracted to unprofitable companies. For example, although software-as-a-service business Salesforce.com lost money for years while it grew recurring revenue, if you held shares since 2005, you’d have done very well indeed. Nonetheless, only a fool would ignore the risk that a loss making company burns through its cash too quickly. So should VR Education Holdings (ISE:6VR) shareholders be worried about its cash burn? For the purpose of this article, we’ll define cash burn as the amount of cash the company is spending each year to fund its growth (also called its negative free cash flow). The first step is to compare its cash burn with its cash reserves, to give us its ‘cash runway’. A cash runway is defined as the length of time it would take a company to run out of money if it kept spending at its current rate of cash burn. As at December 2018, VR Education Holdings had cash of €3.5m and no debt. Looking at the last year, the company burnt through €2.9m. Therefore, from December 2018 it had roughly 15 months of cash runway. That’s not too bad, but it’s fair to say the end of the cash runway is in sight, unless cash burn reduces drastically. Depicted below, you can see how its cash holdings have changed over time.

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Alchemy Partners with Brightpoint Community College to Transform the Distance Learning Experience

PR Newswire | August 28, 2023

Alchemy, a leading education technology and services provider, is delighted to announce its partnership with Brightpoint Community College, a member of the Virginia Community College System (VCCS). This strategic collaboration aims to accelerate the transformation of Brightpoint's distance learning offerings, transitioning 10 of their online degree programs from a traditional 15-week session to a more agile 7-week format in order to better meet the needs of today's learners who seek more flexible educational opportunities. The initiative also endeavors to reduce student costs, foster enriched student-instructor interactivity and enhance overall course engagement by emphasizing open educational resources (OER). Alchemy brings to Brightpoint a unique combination of technology and services that enable a dynamic learning design partnership. Alchemy's team of expert learning designers will work closely with faculty to tailor each course to meet the specific learning objectives and requirements of the subject matter. At the same time, faculty will have access to Alchemy's groundbreaking technology platform, Curie, a centralized workspace that houses interactive resources designed to optimize the process of developing humanized, inclusive and engaged learning experiences. Brightpoint faculty will also be supported by Alchemy's Faculty Concierge service, through which faculty members will have 24/7 access to expert guidance and specialized resources whenever they need them. This robust support system will enable faculty to continuously iterate and enhance their courses, incorporating new technologies and evolving their teaching approach. "We are thrilled to join forces with Brightpoint in their ongoing efforts to enhance distance learning for modern learners," said Carrie O'Donnell, founder and CEO of Nectar, Inc., parent company to Alchemy. "This collaboration will not only continue to elevate the quality of their courses but also provide their faculty with personalized resources and just-in-time support to continue to create increasingly meaningful and engaging learning experiences for their students going forward." The collaboration between Alchemy and Brightpoint Community College promises to result in innovative, inclusive and enriching educational experiences that meet the needs of the college's diverse student community. About Alchemy: Alchemy is your strategic partner in empowering educators to be at their best and to meet the needs today's learners. Through our platform, including purpose-built technology and on-demand services, we provide practical tools, curated resources, and expert support to optimize the educator experience, saving them time in creating engaging and inclusive learning experiences.

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Code.org, ETS, ISTE, and Khan Academy Launch Free AI Professional Learning for Teachers

PRnewswire | August 22, 2023

Today Code.org, ETS, the International Society for Technology in Education (ISTE), and Khan Academy formally announce the launch of "AI 101 for Teachers," a free professional learning course designed to level the playing field of artificial intelligence (AI) understanding among K-12 teachers as they head back to the classroom this fall. According to a recent survey, artificial Intelligence is poised to play a growing role in education, but the vast majority of teachers are not prepared and lack training on how to leverage this new technology in their classrooms. 75% of surveyed teachers believe AI should be taught to students, however, only 13% have had any training on how to teach AI to their students. AI 101 for Teachers will address this critical global need. The five-part video series will kick off on August 15, 2023, with a fireside chat between Hadi Partovi, Founder and CEO of Code.org, and Sal Khan, Founder and CEO of Khan Academy. Their discussion covers a wide range of AI-related issues facing K-12 teachers today. The series continues with three additional professional development videos covering the fundamentals of AI, how AI can be combined with pedagogy to enhance student learning, and the ethical considerations and best practices of AI. The fifth and final session covers how to access and leverage free and customizable AI curriculum, content, and lesson plans which are available for use this fall within the classroom. In addition, today, this partnership is launching resources to ensure that students and adults around the world can understand and leverage the power of AI in an effective and responsible way. Our two new "How AI Works" videos along with accompanying lessons and curricula mean that classrooms can not only use AI but also understand how it works. "AI 101 for Teachers addresses the pressing need to expand awareness and understanding of generative AI," said Hadi Partovi, Founder and CEO of Code.org. "The release of ChatGPT has forever changed the educational landscape and will bring computer science into every classroom. Launching this free training underscores the importance of preparing teachers and students for the realities of a technology-driven society. As part of our mission to make computer science available to all K-12 students, we believe it's paramount to support and train teachers with the latest technology advancements." "AI creates opportunities for personalized learning and dynamic assessments, and enables teachers to deliver targeted instruction," said Amit Sevak, CEO of ETS. "AI 101 will support teachers by providing free lessons so they can confidently harness the power of AI in their classrooms." "This effort expands our commitment to empowering educators with the right information, enabling them to nurture students with the essential skills and strategic thinking necessary to navigate and thrive in an AI-infused world," said Richard Culatta, CEO of ISTE and ASCD. "As part of our mission to provide a free, world-class education for anyone, anywhere, we believe it's important to provide professional learning opportunities for K-12 teachers," said Sal Khan, Founder and CEO of Khan Academy. "AI is the biggest disrupter facing education today. The AI 101 for Teachers series provides an easily digestible introduction to AI and sets the stage for continued professional development." "Artificial Intelligence has the ability to transform public education into an equitable and efficient power for good and accelerate every student toward success," Los Angeles Unified Superintendent Alberto M. Carvalho said. "These engaging and informative educational resources will enable students to fully realize their potential. We believe AI will streamline and complement the educational environment but could never substitute the human touch and talent our teachers bring to the classroom every day." About Code.org Code.org is a non-profit dedicated to expanding participation in computer science.Our vision is that every student in every school has the opportunity to learn how to code. We believe computer science and computer programming should be part of the core curriculum in education, alongside other science, technology, engineering, and mathematics (STEM) courses, such as biology, physics, chemistry and algebra.

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Education Technology

Clearlake Capital-Backed Discovery Education to Acquire DreamBox Learning

PR News Wire | September 01, 2023

Discovery Education, a global education technology company backed by Clearlake Capital Group, L.P. (together with its affiliates, "Clearlake"), today announced it has agreed to acquire DreamBox Learning®, a PK-12 education technology provider serving more than 6 million students and 600,000 educators nationwide. DreamBox Learning's current investors Elliott Investment Management L.P. and TPG's The Rise Fund will retain minority stakes in the company. Financial terms were not disclosed. Headquartered in Bellevue, WA, DreamBox Learning offers the only dual-discipline solution rated "Strong" by Johns Hopkins University's evidenceforESSA.org in both mathematics and reading. Through its high-quality adaptive learning solutions independently proven to accelerate student growth, DreamBox Learning empowers educators with data analytics and content-specific professional development solutions to complement instruction. "Discovery Education is excited to welcome DreamBox Learning, a brand synonymous with quality, research-based math and reading edtech solutions to our growing family of services," said Discovery Education Chief Executive Officer Jeremy Cowdrey. "Combining an expertise in learning science with adaptive, effective instructional solutions, DreamBox Learning's solutions can help students excel regardless of who they are or where they live. Through this latest acquisition, Discovery Education is better positioned to broaden its impact on student success by providing our existing network of partner school systems access to DreamBox Learning's collection of supplemental math, reading, and professional learning solutions." The acquisition of DreamBox Learning supports Discovery Education's mission to prepare learners for tomorrow by creating innovative classrooms connected to today's world. DreamBox Learning's products complement Discovery Education's other successful digital solutions, which include Discovery Education Experience, the company's award-winning K-12 platform, the Techbook series of digital textbooks, Mystery Science, and more, in supporting student achievement. The acquisition of DreamBox Learning comes at a time when school districts are seeking comprehensive, yet consolidated platforms to address a wide range of core and supplemental learning needs, backed by research that underscores meaningful gains in achievement. The addition of DreamBox Learning's intelligent adaptive learning technology to the Discovery Education suite will provide educators and students with more options for engaging, personalized learning experiences across a variety of disciplines. "DreamBox Learning was founded in 2006 with the mission to transform the way the world learns through our pioneering intelligent adaptive learning technology, and today's announcement represents a significant next step to achieving that mission. Building upon our existing math and reading solutions, we can now leverage Discovery Education's highly scalable global footprint to reach more students and deepen our partnerships with educators around the world," said Jessie Woolley-Wilson, President and CEO of DreamBox Learning. DreamBox Learning will be Discovery Education's most recent acquisition, joining Pivot Interactives and DoodleLearning, which were acquired in August of 2022, and Mystery Science, which was acquired in 2020. Sidley Austin LLP served as legal advisor to Discovery Education. Moelis & Company LLC acted as lead financial advisor and Gibson, Dunn & Crutcher LLP served as legal advisor to DreamBox Learning on the transaction. The transaction is expected to close in the fourth quarter of 2023, pending customary regulatory approval and the satisfaction of customary closing conditions. About Discovery Education Discovery Education is the worldwide edtech leader whose state-of-the-art digital platform supports learning wherever it takes place. Through its award-winning multimedia content, instructional supports, and innovative classroom tools, Discovery Education helps educators deliver equitable learning experiences engaging all students and supporting higher academic achievement on a global scale. Discovery Education serves approximately 4.5 million educators and 45 million students worldwide, and its resources are accessed in over 100 countries and territories. Inspired by the global media company Warner Bros. Discovery, Inc. Discovery Education partners with districts, states, and trusted organizations to empower teachers with leading edtech solutions that support the success of all learners. About Clearlake Clearlake Capital Group, L.P. is an investment firm founded in 2006 operating integrated businesses across private equity, credit, and other related strategies. With a sector-focused approach, the firm seeks to partner with experienced management teams by providing patient, long-term capital to dynamic businesses that can benefit from Clearlake's operational improvement approach, O.P.S.® The firm's core target sectors are technology, consumer, and industrials. Clearlake currently has over $70 billion of assets under management and its senior investment principals have led or co-led over 400 investments. The firm is headquartered in Santa Monica, CA with affiliates in Dallas, TX, London, UK, Dublin, Ireland, and Singapore.

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Talent Development

Alchemy Partners with Brightpoint Community College to Transform the Distance Learning Experience

PR Newswire | August 28, 2023

Alchemy, a leading education technology and services provider, is delighted to announce its partnership with Brightpoint Community College, a member of the Virginia Community College System (VCCS). This strategic collaboration aims to accelerate the transformation of Brightpoint's distance learning offerings, transitioning 10 of their online degree programs from a traditional 15-week session to a more agile 7-week format in order to better meet the needs of today's learners who seek more flexible educational opportunities. The initiative also endeavors to reduce student costs, foster enriched student-instructor interactivity and enhance overall course engagement by emphasizing open educational resources (OER). Alchemy brings to Brightpoint a unique combination of technology and services that enable a dynamic learning design partnership. Alchemy's team of expert learning designers will work closely with faculty to tailor each course to meet the specific learning objectives and requirements of the subject matter. At the same time, faculty will have access to Alchemy's groundbreaking technology platform, Curie, a centralized workspace that houses interactive resources designed to optimize the process of developing humanized, inclusive and engaged learning experiences. Brightpoint faculty will also be supported by Alchemy's Faculty Concierge service, through which faculty members will have 24/7 access to expert guidance and specialized resources whenever they need them. This robust support system will enable faculty to continuously iterate and enhance their courses, incorporating new technologies and evolving their teaching approach. "We are thrilled to join forces with Brightpoint in their ongoing efforts to enhance distance learning for modern learners," said Carrie O'Donnell, founder and CEO of Nectar, Inc., parent company to Alchemy. "This collaboration will not only continue to elevate the quality of their courses but also provide their faculty with personalized resources and just-in-time support to continue to create increasingly meaningful and engaging learning experiences for their students going forward." The collaboration between Alchemy and Brightpoint Community College promises to result in innovative, inclusive and enriching educational experiences that meet the needs of the college's diverse student community. About Alchemy: Alchemy is your strategic partner in empowering educators to be at their best and to meet the needs today's learners. Through our platform, including purpose-built technology and on-demand services, we provide practical tools, curated resources, and expert support to optimize the educator experience, saving them time in creating engaging and inclusive learning experiences.

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Corporate Learning Systems

Code.org, ETS, ISTE, and Khan Academy Launch Free AI Professional Learning for Teachers

PRnewswire | August 22, 2023

Today Code.org, ETS, the International Society for Technology in Education (ISTE), and Khan Academy formally announce the launch of "AI 101 for Teachers," a free professional learning course designed to level the playing field of artificial intelligence (AI) understanding among K-12 teachers as they head back to the classroom this fall. According to a recent survey, artificial Intelligence is poised to play a growing role in education, but the vast majority of teachers are not prepared and lack training on how to leverage this new technology in their classrooms. 75% of surveyed teachers believe AI should be taught to students, however, only 13% have had any training on how to teach AI to their students. AI 101 for Teachers will address this critical global need. The five-part video series will kick off on August 15, 2023, with a fireside chat between Hadi Partovi, Founder and CEO of Code.org, and Sal Khan, Founder and CEO of Khan Academy. Their discussion covers a wide range of AI-related issues facing K-12 teachers today. The series continues with three additional professional development videos covering the fundamentals of AI, how AI can be combined with pedagogy to enhance student learning, and the ethical considerations and best practices of AI. The fifth and final session covers how to access and leverage free and customizable AI curriculum, content, and lesson plans which are available for use this fall within the classroom. In addition, today, this partnership is launching resources to ensure that students and adults around the world can understand and leverage the power of AI in an effective and responsible way. Our two new "How AI Works" videos along with accompanying lessons and curricula mean that classrooms can not only use AI but also understand how it works. "AI 101 for Teachers addresses the pressing need to expand awareness and understanding of generative AI," said Hadi Partovi, Founder and CEO of Code.org. "The release of ChatGPT has forever changed the educational landscape and will bring computer science into every classroom. Launching this free training underscores the importance of preparing teachers and students for the realities of a technology-driven society. As part of our mission to make computer science available to all K-12 students, we believe it's paramount to support and train teachers with the latest technology advancements." "AI creates opportunities for personalized learning and dynamic assessments, and enables teachers to deliver targeted instruction," said Amit Sevak, CEO of ETS. "AI 101 will support teachers by providing free lessons so they can confidently harness the power of AI in their classrooms." "This effort expands our commitment to empowering educators with the right information, enabling them to nurture students with the essential skills and strategic thinking necessary to navigate and thrive in an AI-infused world," said Richard Culatta, CEO of ISTE and ASCD. "As part of our mission to provide a free, world-class education for anyone, anywhere, we believe it's important to provide professional learning opportunities for K-12 teachers," said Sal Khan, Founder and CEO of Khan Academy. "AI is the biggest disrupter facing education today. The AI 101 for Teachers series provides an easily digestible introduction to AI and sets the stage for continued professional development." "Artificial Intelligence has the ability to transform public education into an equitable and efficient power for good and accelerate every student toward success," Los Angeles Unified Superintendent Alberto M. Carvalho said. "These engaging and informative educational resources will enable students to fully realize their potential. We believe AI will streamline and complement the educational environment but could never substitute the human touch and talent our teachers bring to the classroom every day." About Code.org Code.org is a non-profit dedicated to expanding participation in computer science.Our vision is that every student in every school has the opportunity to learn how to code. We believe computer science and computer programming should be part of the core curriculum in education, alongside other science, technology, engineering, and mathematics (STEM) courses, such as biology, physics, chemistry and algebra.

Read More

Education Technology

Clearlake Capital-Backed Discovery Education to Acquire DreamBox Learning

PR News Wire | September 01, 2023

Discovery Education, a global education technology company backed by Clearlake Capital Group, L.P. (together with its affiliates, "Clearlake"), today announced it has agreed to acquire DreamBox Learning®, a PK-12 education technology provider serving more than 6 million students and 600,000 educators nationwide. DreamBox Learning's current investors Elliott Investment Management L.P. and TPG's The Rise Fund will retain minority stakes in the company. Financial terms were not disclosed. Headquartered in Bellevue, WA, DreamBox Learning offers the only dual-discipline solution rated "Strong" by Johns Hopkins University's evidenceforESSA.org in both mathematics and reading. Through its high-quality adaptive learning solutions independently proven to accelerate student growth, DreamBox Learning empowers educators with data analytics and content-specific professional development solutions to complement instruction. "Discovery Education is excited to welcome DreamBox Learning, a brand synonymous with quality, research-based math and reading edtech solutions to our growing family of services," said Discovery Education Chief Executive Officer Jeremy Cowdrey. "Combining an expertise in learning science with adaptive, effective instructional solutions, DreamBox Learning's solutions can help students excel regardless of who they are or where they live. Through this latest acquisition, Discovery Education is better positioned to broaden its impact on student success by providing our existing network of partner school systems access to DreamBox Learning's collection of supplemental math, reading, and professional learning solutions." The acquisition of DreamBox Learning supports Discovery Education's mission to prepare learners for tomorrow by creating innovative classrooms connected to today's world. DreamBox Learning's products complement Discovery Education's other successful digital solutions, which include Discovery Education Experience, the company's award-winning K-12 platform, the Techbook series of digital textbooks, Mystery Science, and more, in supporting student achievement. The acquisition of DreamBox Learning comes at a time when school districts are seeking comprehensive, yet consolidated platforms to address a wide range of core and supplemental learning needs, backed by research that underscores meaningful gains in achievement. The addition of DreamBox Learning's intelligent adaptive learning technology to the Discovery Education suite will provide educators and students with more options for engaging, personalized learning experiences across a variety of disciplines. "DreamBox Learning was founded in 2006 with the mission to transform the way the world learns through our pioneering intelligent adaptive learning technology, and today's announcement represents a significant next step to achieving that mission. Building upon our existing math and reading solutions, we can now leverage Discovery Education's highly scalable global footprint to reach more students and deepen our partnerships with educators around the world," said Jessie Woolley-Wilson, President and CEO of DreamBox Learning. DreamBox Learning will be Discovery Education's most recent acquisition, joining Pivot Interactives and DoodleLearning, which were acquired in August of 2022, and Mystery Science, which was acquired in 2020. Sidley Austin LLP served as legal advisor to Discovery Education. Moelis & Company LLC acted as lead financial advisor and Gibson, Dunn & Crutcher LLP served as legal advisor to DreamBox Learning on the transaction. The transaction is expected to close in the fourth quarter of 2023, pending customary regulatory approval and the satisfaction of customary closing conditions. About Discovery Education Discovery Education is the worldwide edtech leader whose state-of-the-art digital platform supports learning wherever it takes place. Through its award-winning multimedia content, instructional supports, and innovative classroom tools, Discovery Education helps educators deliver equitable learning experiences engaging all students and supporting higher academic achievement on a global scale. Discovery Education serves approximately 4.5 million educators and 45 million students worldwide, and its resources are accessed in over 100 countries and territories. Inspired by the global media company Warner Bros. Discovery, Inc. Discovery Education partners with districts, states, and trusted organizations to empower teachers with leading edtech solutions that support the success of all learners. About Clearlake Clearlake Capital Group, L.P. is an investment firm founded in 2006 operating integrated businesses across private equity, credit, and other related strategies. With a sector-focused approach, the firm seeks to partner with experienced management teams by providing patient, long-term capital to dynamic businesses that can benefit from Clearlake's operational improvement approach, O.P.S.® The firm's core target sectors are technology, consumer, and industrials. Clearlake currently has over $70 billion of assets under management and its senior investment principals have led or co-led over 400 investments. The firm is headquartered in Santa Monica, CA with affiliates in Dallas, TX, London, UK, Dublin, Ireland, and Singapore.

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