Zovio | August 02, 2022
An education technology services company that partners with higher education institutions and employers, announced today that it has closed on an agreement to transition its online program management (OPM) business to the University of Arizona Global Campus (UAGC).
Over the past six months, Zovio has taken steps to implement a process designed to unlock shareholder value by rightsizing the company, accelerating growth of subsidiaries and exploring strategic alternatives, which included the potential divestiture of all three of its businesses.
In May 2022, Zovio completed the sale of TutorMe, for $55 million and used a portion of the proceeds to repay bridge financing. This left the company debt free and allowed Zovio to satisfy obligations stemming from a decision of the Superior Court of California while the company appeals the decision.
Continuing to execute on its strategic alternatives process, Zovio and UAGC negotiated, signed and closed on an asset purchase agreement with an effective date of July 31, 2022, after receiving approval from their respective Boards of Directors. Under the asset purchase agreement, UAGC is acquiring Zovio's operations and assets that previously provided services to UAGC through a long-term Strategic Services Agreement.
"Zovio has been at the forefront of providing innovative online learning products and services for almost two decades, We are pleased to have reached this agreement with UAGC and are excited about their future,"
- Zovio Chief Executive Officer, Randy Hendricks.
Zovio will continue to support the continued growth and expansion of Fullstack Academy and simultaneously explore strategic alternatives for that business.
Zovio (Nasdaq: ZVO) is an education technology services company that partners with higher education institutions and employers to deliver innovative, personalized solutions to help learners and leaders achieve their aspirations. The Zovio network, including Fullstack Academy, leverages its core strengths to solve priority market needs through education technology services. Using proprietary advanced data analytics, Zovio identifies the most meaningful ways to enhance the learner experience and deliver strong outcomes for higher education institutions, employers, and learners. Zovio's purpose is to help everyone be in a class of their own. For more information, visit www.zovio.com.
PowerSchool and Liwa Education | August 08, 2022
PowerSchool, the leading provider of cloud-based software for K-12 education in North America, today announced Liwa Education in the United Arab Emirates has selected PowerSchool Student Information System (SIS), PowerSchool Enrollment,
PowerSchool Unified Classroom®, PowerSchool Unified Insights™, and PowerSchool Unified Talent™ solutions to support its ongoing growth in the Middle East. Once all the PowerSchool solutions are implemented, Liwa Education will be able to manage student information, course enrollment, personalized learning, advanced analytics, recruitment and talent operations through a unified interface. Further, Liwa Education’s new PowerSchool additions will help the organization simplify future reporting and analytics-based initiatives to better support student outcomes.
“We love that the PowerSchool suite expertly integrates various PowerSchool solutions and data into a unified and accessible interface, Implementing PowerSchool’s products will give us the opportunity to modernize our e-learning platforms without compromising student outcomes. The comprehensive reporting features will provide great insights on all aspects of learning for our various stakeholders, and we look forward to utilizing PowerSchool to support our continued growth and expansion in the future.”
-May Saqqa, Director of Marketing and Enrollment, Liwa Education
Previously, Liwa Education utilized over ten different technology solutions to facilitate regular instruction, assessments, learning support, standards mastery, and other academic needs. While functional, key information was spread across the various solutions and was difficult to quickly access when needed. As Liwa Education expands its footprint in the UAE by opening additional K-12 schools and nurseries in the United Arab Emirates, it selected PowerSchool based on the company’s integrated solutions that were scalable for a variety of real-world education scenarios.
As one of the leading education institutions in the Middle East, Liwa Education needed a trusted and unified suite of education technology solutions capable of managing all aspects of its administrative and learning operations, We’re proud to provide Liwa the solutions they need as they open their newest schools, plan for continued expansion, and continue offering a world-class education to students across the UAE,said Craig Greenseid, Chief Revenue Officer, PowerSchool.
Liwa Education is an established educational leader, recognized in providing an accessible, high-quality, American curriculum education in the United Arab Emirates for the past three decades. Its schools and nurseries across Al Ain and Abu Dhabi offer a challenging American curriculum education, combining the essence of Emirati values with a rich set of core competencies that produces confident, resilient, and courageous young leaders. Initially founded as Liwa Private School in 1992, the institution has seen tremendous business growth and received numerous accolades for its program offerings in the region. Among the awards earned over the years, notable acknowledgements include receiving the “His Excellency Sheikh Hamdan Bin Rashed Al Maktoum’s Award” for Distinguished Academic Performance and the “His Excellency Sheikh Khalifa Excellence Award.” Liwa Education will begin offering classes featuring its American curriculum for the 2022-23 school year at the Liwa International School Al Qattara (LISQ) in Al Ain.
PowerSchool is the leading provider of cloud-based software for K-12 education in North America. Its mission is to power the education ecosystem with unified technology that helps educators and students realize their full potential, in their way. PowerSchool connects students, teachers, administrators, and parents, with the shared goal of improving student outcomes. From the office to the classroom to the home, it helps schools and districts efficiently manage state reporting and related compliance, special education, finance, human resources, talent, registration, attendance, funding, learning, instruction, grading, assessments and analytics in one unified platform. PowerSchool supports over 45 million students globally and more than 14,000 customers, including more than 90 of the top 100 districts by student enrollment in the United States, and sells solutions in more than 90 countries.
PowerSchool | September 01, 2022
PowerSchool the leading provider of cloud-based software for K-12 education in North America, has released its key findings from the Education Focus Report for the 2022-2023 school year. The report represents the findings from a national survey of more than 3,500 educators, in-depth conversations with over 75 education practitioners and leaders, and a comprehensive scan of over 25 mid-to-large U.S. school districts’ strategic plans.
“We are excited about the valuable insights this report will bring to educators and district leaders, “Our goal is to recenter PK-12 conversations starting with what’s most important to school districts their priorities to better support students.”
Ryan Imbriale, former district leader, and Vice President of Education Solutions at PowerSchool.
The report found seven common strategic priorities across U.S. districts: high-quality, tiered instruction; whole-child supports; exceptional workforce; robust family engagement; expanded early childhood learning; graduates prepared for life, college, and career; and organizational excellence and efficiency. The report also highlights two grounding concepts: data-informed decision-making and equitable student supports. These common district priorities reflect schooling both before and during the continuing pandemic. In the report, educators reveal that technology led to an increase in student engagement, strengthened family involvement, and prioritized modern professional learning needs. Key findings include the emergence of whole-child support as tantamount to students’ academic success. “We have to account for our students’ mental, social, and emotional health needs before we can think about learning,” said Chris Cromwell, Instructional Technology Coordinator for West Chester Area School District in Pennsylvania. “Not long ago, when working with teachers, I felt I was driving down the road in my academic lane, and then there was an SEL lane, and those were two separate lanes headed down the highway. But they’re actually not—SEL and academic learning are on the same path and intertwined.” Additionally, as the education industry continues to navigate digital transformation, school leaders are finding technology solutions beneficial to achieving organizational excellence and efficiency. This includes designing data systems, protecting student information, ensuring budget transparency, and achieving a modern technology infrastructure, which have shifted from the back of the office to front and center. This speaks to the power of data and the necessity of equitable resource allocation in meeting student needs.
PowerSchool (NYSE: PWSC) is the leading provider of cloud-based software for K-12 education in North America. Its mission is to power the education ecosystem with unified technology that helps educators and students realize their full potential, in their way. PowerSchool connects students, teachers, administrators, and parents, with the shared goal of improving student outcomes. From the office to the classroom to the home, it helps schools and districts efficiently manage state reporting and related compliance, special education, finance, human resources, talent, registration, attendance, funding, learning, instruction, grading, assessments and analytics in one unified platform. PowerSchool supports over 45 million students globally and more than 15,000 customers, including over 90 of the top 100 districts by student enrollment in the United States, and sells solutions in over 90 countries.