Springboard | November 11, 2022
Springboard, an industry-leading online learning platform preparing students for in-demand, high-growth careers, today, announced a partnership with Uwill, the leading teletherapy solution for colleges and students, to provide mental health support for online learners. As the need for mental health support increases nationwide, Uwill's solution utilizes need and preferences to immediately match students with a diverse team of licensed and available counselors. The services will be integrated into Springboard's existing platform, and will be available to learners in addition to existing human support such as one-to-one mentorship and career counseling.
"At Springboard, our ambitious vision centers around transforming lives through education and career advancement - and we know that this type of growth and transformation needs a strong foundation of mental health, In partnering with Uwill, we can meet students where they are by providing support through the same platform they're using for their education."
Gautam Tambay, Co-founder and CEO at Springboard.
Springboard is launching this teletherapy option at a time of increasing mental health challenges reported by education providers nationwide, where, according to HigherEdToday, nontraditional learners scored significantly higher on a number of mental health ratings than their traditional learning counterparts, specifically on depression, anxiety, and overall life stress.Uwill is uniquely suited to support the needs of Springboard learners to ensure they do not face barriers to mental health support," said Michael London, Founder and CEO of Uwill.
Utilizing its proprietary technology and counselor team, Uwill pioneered the first Higher Ed therapist matching platform and wellness environment. The solution offers an immediate connection to an available licensed counselor based on student preferences, all modalities of teletherapy, a 24/7/365 crisis connection, wellness programming, detailed reporting and support. Uwill partners with more than 100 institutions worldwide including Berklee Online, Union College, Whitman College, and East Carolina University to ensure their mental health and wellness environment meets student needs.
Uwill has become the leading mental health and wellness solution for colleges and students. The most cost-effective way to complement a college's mental health offering, Uwill partners with more than 100 institutions including Boston College, University of Michigan, American Public University System, and University of Maryland, College Park. Uwill was named as one of Boston's hottest companies by BostInno, and now, more than 1 million students have access to the Uwill platform. Investors and supporters are a who's who including hip-hop legend Daryl McDaniels of Run-D.M.C. For more information, visit uwill.com.
Founded by Parul Gupta and Gautam Tambay in 2013, Springboard is on a mission to transform one million lives through education by 2030. More than 20,000 students across 100+ countries have used Springboard to advance their careers through the platform's comprehensive, mentor-led online learning programs. Graduates have landed jobs with employers like Microsoft, Google, Meta, LinkedIn, Deloitte, Intel, IBM, Salesforce and more. Springboard has also trained corporate teams at Visa, Gusto, and The North Face. Springboard was recently named one of the 2022 GSV EdTech 150 — a list of the world's most transformative growth companies in digital learning. Springboard is a 2020 Inc. 5000 company based in San Francisco, recently named a Top Workplace for Women by Elpha, and is backed by leading venture capital firms including Telstra Ventures, Vulcan Capital, SJF Ventures, Reach Capital, Pearson Ventures, International Finance Corp., Costanoa Ventures, Learn Capital, and Blue Fog Capital.
Learning Ally | November 24, 2022
To increase reading preparedness in early learners, Learning Ally, a national education nonprofit known to double the rate of reading growth for struggling readers, is announcing its new Excite Reading™ PreK-2 Literacy Grant Program for eligible U.S. schools at no cost. Applications are now open until December 15, 2022. Excite Reading™ is an award-winning early literacy supplement to support PreK-2 teachers who want to share engaging children's literature, while developing emergent readers' comprehension skills. Research tells us that PreK-2 is a critical time for reading development.
"Children entering schools today have such diverse backgrounds and needs. Many come unprepared for learning with much less exposure to words and books at home. Putting Excite Reading™ in their hands will play a pivotal role in helping more children learn to read successfully; especially, those struggling in schools located in disadvantaged communities."
Lee Peters, Learning Ally's Chief Operating Officer
Districts may apply for the Excite Reading™ PreK-2 Literacy Grant Program from now until December 15, 2022. The program runs from January, 2022 to June, 2023. Educators in awarded schools will work with Learning Ally to implement the solution with fidelity and provide benchmark data and feedback. Implementation training, check-ins, and ongoing support are part of the Grant to ensure educator and student success. Early reading success requires evidence-based instruction in both decoding and language comprehension, which includes exposure to text-based vocabulary and background knowledge. Excite Reading™ complements any core literacy instructional curriculum delivered in any MTSS or RTI program framework. The visually stunning audiobook-eBook format includes access to more than two-hundred authentic human-narrated children's audiobooks and resources. Children can listen as they follow along visually, exploring themes including gardens, insects, music and more, with intentional cross-discipline focus on art, social studies, and science connections. Carefully designed language development lessons build vocabulary and background knowledge, with social-emotional components. Activities and discussion prompts create context to deepen comprehension. Corresponding teacher guides support a higher level of discourse, using relevant vocabulary to express questions, answers, and ideas to stimulate critical thinking. A school-to-home connection encourages family literacy. More than 450,000 U.S. educators work with Learning Ally to improve reading outcomes. The organization's PreK-12 Solutions are grounded in Whole Child Literacy™ – the best practices of the science of reading (brain-based learning), cognitive variables, and environmental and social emotional factors that influence each student's learning ability. Peters adds, "For a child who is not reading at proficiency by the end of third grade, the immediate and long term impact can be dire. Getting ahead of each student's potential struggle through early screening, evidence-based instruction, and an approach that considers the child through a holistic lens, is necessary to ensure all children are prepared to 'learn to read' and to 'read to learn' for their future success. In 2022, Excite Reading™ won the American Consortium for Equity in Education Excellence Award for Best Early Childhood Education Solution, Tech & Learning "Back to School" Award of Excellence in Primary Education, and the Readers' Choice Award in Early Literacy by SmartBrief on EdTech.
About Learning Ally
Learning Ally is a leading education nonprofit dedicated to equipping educators with proven solutions that help new and struggling learners reach their potential. Our range of literacy-focused offerings for students in Pre-K to 12th grade and catalog of professional learning allows us to support more than two million students across the United States.
Frontline Education | October 06, 2022
Thoma Bravo, a leading software investment firm, today announced the completion of its sale of Frontline Education, a leading provider of administration software purpose-built for educators in K-12, to Roper Technologies, Inc. (NYSE: ROP) in an all-cash transaction that values Frontline at approximately $3.725 billion. Frontline, which offers solutions for human capital management, student and special programs, and business operations with powerful analytics to increase productivity and improve overall performance for K-12 administrators, has been a trusted partner to K-12 leaders across all 50 states for decades.
"We are grateful to Thoma Bravo for their invaluable partnership over the last five years which has allowed us to further expand the use of our critical solutions by educators across the country,As part of Roper, we are excited to bring enhanced innovation and value to our clients in alignment with our mission to empower K-12 schools with the technology capabilities they need to succeed."
Mark Gruzin, Chief Executive Officer of Frontline Education
We are extremely proud of our partnership with Frontline and what we have been able to achieve together," said Holden Spaht, a Managing Partner at Thoma Bravo. Applying our deep sector expertise, we worked with Mark and the Frontline team to make strategic acquisitions, increase revenue and expand product offerings and headcount in order to drive sustainable long-term growth. We look forward to following Frontline's continued success with Roper as their partner. J.P. Morgan Securities LLC, Jefferies LLC and Macquarie Capital served as financial advisors and Kirkland & Ellis LLP served as legal advisor to Thoma Bravo and Frontline Education. Cooley LLP also served as legal advisor to Frontline Education.
About Thoma Bravo
Thoma Bravo is one of the largest private equity firms in the world, with more than $122 billion in assets under management as of June 30, 2022. The firm invests in growth-oriented, innovative companies operating in the software and technology sectors. Leveraging the firm's deep sector expertise and proven strategic and operational capabilities, Thoma Bravo collaborates with its portfolio companies to implement operating best practices, drive growth initiatives and make accretive acquisitions intended to accelerate revenue and earnings. Over the past 20 years, the firm has acquired or invested in more than 400 companies representing over $220 billion in enterprise value. The firm has offices in Chicago, Miami and San Francisco.