ONLINE EDUCATION
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."
About Promethean
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.
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CORPORATE LEARNING SYSTEMS
iMocha | April 13, 2023
iMocha, the world's leading skills intelligence and skills assessment platform launches project-based assessments to its growing portfolio of assessment types. It is built for talent development teams to gather whether employees are skill-fit and ready to be deployed on projects and determine ROI of learning programs.
Today, tech assessments are usually done via single-task coding assessments, whiteboard interviews, and MCQs but that's seldom enough to gauge project-readiness of employees or know the effectiveness of the upskilling programs. Especially for job profiles like front-end developer, back-end developer, full-stack developer, assessments that go beyond algorithms, syntax, and logic are required. iMocha's project-based assessments help talent professionals overcome these challenges and determine skill readiness, including problem-solving skills, domain-specific skills, contextual understanding, and ability to think through a project.
In August 2022, the beta version of iMocha Projects was deployed for iMocha's existing customers that included enterprises and learning platforms. Through the project-based assessments, L&D teams were able to automate time-consuming, manual evaluations that could be subject to bias. Further they also received detailed skills analytics about their employees – which helped in creating accurate and personalized learning paths. Some of the most popular skill sets beta users utilized were ReactJS, Data Science and Machine Learning, Java Spring Boot, MySQL, and more.
Sujit Karpe, CTO and co-founder of iMocha, explained, "This is iMocha's version of capstone projects: we provide the data, the problem statement, and essentially everything required to successfully work on a project. Often, coding assessments fell short in determining real-life skills; they also cannot handle multiple project files like ReactJS, Angular, Jupyter Lab, and more. With iMocha projects, talent development leaders can bridge the gap between experiential learning and hands-on knowledge application by evaluating employees on real-world challenges, similar to what they would be facing on the job."
He continued, "With iMocha Projects, talent leaders will be able to show true value gained via their L&D programs and measure training effectiveness objectively."
About iMocha
iMocha is a skills intelligence and assessment platform that enables talent leaders to make smarter talent decisions with its skills-first insights. 500+ organizations across 70+ countries trust the platform to acquire job-fit talent faster and to measure the ROI from their talent development initiatives. It empowers talent teams with the largest skill library with 2500+ assessments, AI-LogicBox (AI-based pseudo-coding simulator), AI-EnglishPro (AI-powered language analyzer), skill benchmarking, upskilling dashboard, talent analytics, proctoring, fraud detection, and custom assessment consulting, etc.
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CORPORATE LEARNING SYSTEMS
PRnewswire | April 05, 2023
Teaching Strategies, the country's leading developer of early childhood curriculum, assessment, professional learning, and family engagement solutions, has won EdTech Digest's "EdTech Cool Tool Award" for The Creative Curriculum®, its research-based, whole-child curriculum that serves children from infancy through kindergarten.
The Creative Curriculum®, which earned the top honor in the "curriculum and instruction solution" award category, is designed to give early childhood educators, no matter their level of experience, the resources and support they need to implement a developmentally appropriate, content-rich program for children with diverse backgrounds and skill levels. The curriculum's digital platform includes, for example, planning tools to guide individualized instruction; a mobile app to engage families with learning in the classroom and at home; and on-demand professional development and community-building opportunities.
Teaching Strategies was also named a finalist in seven award categories, spanning company leadership to assessment to credentialing.
"Our youngest learners—and those closest to them— deserve comprehensive supports that meet their evolving needs. This is especially true as we continue to navigate the long-term effects of the pandemic on learning in the classroom and at home," said Teaching Strategies CEO John Olsen. "We're thrilled to be recognized by EdTech Digest for our leadership in the sector and for our ongoing commitment to offer children, educators, and families the most innovative, timely solutions."
Established in 2010, The EdTech Awards recognize, acknowledge, and celebrate the most exceptional innovators, leaders, and trendsetters in education technology with three main honors: the EdTech Cool Tool Awards, the EdTech Leadership Awards, and the EdTech Trendsetter Awards.
Teaching Strategies was named a finalist in various categories under all three main honors. The products recognized as finalists for "Cool Tool Awards" include the new Professional Development Teacher Membership; the widely-used and trusted GOLD® assessment; the trauma-informed coaching app Noni™; and Tadpoles®, a communication solution for child care programs.
In addition, Olsen was named a finalist for a "Leadership Award" and the company's entire ecosystem of solutions was a finalist for a "Trendsetter Award."
Access a full list of winners and finalists for the awards.
This year's finalists and winners were narrowed from the larger field and judged based on various criteria, including: pedagogical workability, efficacy and results, support, clarity, value and potential.
"A very big congratulations to all The EdTech Awards 2023 finalists and winners—and congratulations to all who endured the upheavals of the last few years only to come through stronger, more experienced, resilient, and resolute in laying out the future of learning," said Victor Rivero, who as Editor-in-Chief of EdTech Digest oversees the program.
Rivero continued: "It's far from perfect but across K-12, higher education, and workforce learning sectors, an accelerated digital transformation has left in its wake hybrid schools, rapidly changing postsecondary models, and an increasingly remote-based workforce. The world has truly changed—and we will never be the same again."
About Teaching Strategies
Driven by research that shows a child's first eight years form a critical foundation for success in school and in life, Teaching Strategies has been an advocate for the early education community for over 40 years. Today, Teaching Strategies connects teachers, children and families to inspired teaching and learning experiences, informative data, stronger family partnerships, and professional learning through the leading early learning platform and resources. Its products, including the most widely-used curriculum and assessment solutions The Creative Curriculum® and GOLD®, are found in over 250,000 classrooms and reach over 4 million children each year. To learn why thousands of early childhood programs and many states choose to partner with Teaching Strategies to help ensure children's success in school and in life.
About EdTech Digest and EdTech Awards
EdTech Digest, a leading source of cool tools, interviews, and trends showcasing the future of learning, annually honors the best and brightest people, products and groups working in edtech with The EdTech Awards. Cool Tool, Leadership, and Trendsetter honorees span the K-12, Higher Ed, and Skills & Workforce sectors.
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