ONLINE EDUCATION

Nerdy and TPG Pace Tech Opportunities Announce Closing of Business Combination

Nerdy | September 24, 2021

Nerdy, a leading platform for delivering live online learning, today announced that it has completed its business combination with TPG Pace Tech Opportunities a publicly traded special purpose acquisition company. The Business Combination was approved on September 14, 2021 by TPG Pace Tech Opportunities’ stockholders. Beginning September 21, 2021, Nerdy common stock and warrants will trade on the New York Stock Exchange under the ticker symbols “NRDY” and “NRDY WS”, respectively.

Nerdy has an ambitious mission to transform how people learn, and this transaction sets us up to accelerate the growth of live online learning at a pivotal moment when students and schools across the country need immense support. Our entry into the public market represents an important milestone for the Company and provides the resources necessary to go after the massive and growing opportunity in front of us. I want to recognize the dedication of the entire Nerdy team and could not be prouder of what we have achieved thus far. We’re just getting started and have an exceptional team in place to drive the next chapters of growth for our organization

Chuck Cohn, Founder, Chairman and CEO of Nerdy

Greg Mrva, President of TPG Pace Tech Opportunities, said, “We were attracted to Nerdy for its proven business model, strong leadership team, and ability to deliver live personalized learning at scale for learners of all ages and across thousands of subjects. With these attributes in place, Nerdy has delivered on growth in 2021 through core 1:1 and multi-format instruction and has recently added a direct to school initiative which provides a new driver of growth into 2022. We are excited to move forward as one organization and continue to partner with Chuck and the management team, helping Nerdy strengthen and grow its position in the industry.”

Goldman Sachs & Co. LLC acted as exclusive financial advisor to Nerdy. Deutsche Bank Securities Inc. acted as financial advisors, capital markets advisors, FPA and PIPE placement agents to TPG Pace Tech Opportunities. J.P. Morgan Securities LLC and Barclays Capital Inc. acted as capital markets advisors, FPA and PIPE placement agents to TPG Pace Tech Opportunities. Northland Capital Markets and Siebert Williams Shank acted as capital market advisors and FPA Placement Agents to TPG Pace Tech Opportunities. TPG Capital BD, LLC, Canaccord Genuity, JMP Securities LLC, Needham & Company and Raymond James & Associates, Inc., acted as capital market advisors to TPG Pace Tech Opportunities. Goodwin Procter LLP acted as the legal advisor to Nerdy and Vinson & Elkins L.L.P. acted as the legal advisor to TPG Pace Tech Opportunities.

About Nerdy

Nerdy is a leading platform for live online learning, with a mission to transform the way people learn through technology. The Company’s purpose-built proprietary platform leverages technology, including AI, to connect learners of all ages to experts, delivering superior value on both sides of the network. Nerdy’s comprehensive learning destination provides learning experiences across 3,000+ subjects and multiple formats—including one-on-one instruction, small group classes, large format group classes, and adaptive self-study. Nerdy’s flagship business, Varsity Tutors, is one of the nation’s largest platforms for live online tutoring and classes. Its solutions are available directly to students and consumers, as well as through schools and other institutions.

About TPG

TPG is a leading global alternative asset firm founded in 1992 with $108 billion of assets under management and offices in Beijing, Fort Worth, Hong Kong, London, Luxembourg, Melbourne, Mumbai, New York, San Francisco, Seoul, Singapore, and Washington D.C. TPG's investment platforms are across a wide range of asset classes, including private equity, growth equity, impact investing, real estate, secondaries, and public equity. TPG aims to build dynamic products and options for its investors while also instituting discipline and operational excellence across the investment strategy and performance of its portfolio.

Spotlight

Are you confused whether to opt for in-house e-learning design and development or outsource it to an e-learning vendor. To make the right decision, you need to consider factors such as the available budget and resources of your organization, expertise of the in-house team, time available, etc. In case you plan to outsource e-learning development, you need to look at the proficiency of e-learning vendors to meet the training requirements of your organization.This infographic will help you understand why, when, and how to decide between in-house vs. outsourcing e-learning development.

Spotlight

Are you confused whether to opt for in-house e-learning design and development or outsource it to an e-learning vendor. To make the right decision, you need to consider factors such as the available budget and resources of your organization, expertise of the in-house team, time available, etc. In case you plan to outsource e-learning development, you need to look at the proficiency of e-learning vendors to meet the training requirements of your organization.This infographic will help you understand why, when, and how to decide between in-house vs. outsourcing e-learning development.

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EDUCATION TECHNOLOGY

FocalPoint Education and ClassLink Partner to Bring True Adaptive Learning to K-12 Education

FocalPoint Education | July 06, 2022

Today FocalPoint Education, (focalpoint.education) a successful edtech innovation firm announced their new strategic partnership with ClassLink, (classlink.com) a leader in single sign-on, class rostering, learning resource analytics, and account provisioning solutions. The new partnership provides greater access to FocalPoint’s LearningTree AI-empowered adaptive learning LMS through ClassLink’s App Library, extending FocalPoint’s wide SSO (single sign-on) capabilities to an even larger spectrum of solutions. ClassLink’s customers will see FocalPoint’s SSO tile to click for easier access, the same as FocalPoint’s existing clients do today. “This is exciting stuff. “LearningTree uses xAPI data and AI to create true adaptive learning pathways based on each students’ proficiencies. Our ClassLink partnership furthers our strategy to provide education and strategic content partners the full spectrum of FocalPoint’s solutions seamlessly.” Kiran Athota, CEO of FocalPoint Education The LearningTree solution is used extensively by both education agencies and strategic partners. It represents a complete re-thinking of the underlying technology used in most e-learning LMS and assessment platforms. The LearningTree technology represents an extraordinary advance in learning experiences, replacing a traditional architecture that originated in the 1990s when the LMS was invented to manage the distribution of curriculum. "Newer LMS solutions show significant evolution and improvement, yet they are built on an old foundation," says Randall Dennis, FocalPoint's Chief Strategy Officer. “The old foundations are ‘long in the tooth’ and struggle to sustain the needs of education in a post pandemic reality. Kiran Athota and LearningTree helps partners build a fresher, stronger foundation.” ABOUT FOCALPOINT EDUCATION FocalPoint Education is a metro-Atlanta based firm with extensive experience in educational technology innovations. FocalPoint has successfully deployed bespoke enterprise statewide solutions for Georgia, Rhode Island, Maine and North Dakota, as well as school districts in 14 states. FocalPoint provides their innovative xAPI (Xperience API) platform as a service (PaaS) to education organizations to measure and manage teaching and learning. The platform includes LearningTree (an Adaptive Learning LMS leveraging next-gen AI technology), LENS (learning analytics with a recommendations engine and data warehousing), AssessCloud (a solution allowing educators to develop and manage assessments), and Backpack (a blockchain-enabled credentialing portfolio maintaining credentials for life). FocalPoint’s solutions deliver advanced learning analytics to drive student engagement, match digital resources with targeted student needs and support data-driven, personalized learning. All FocalPoint solutions seamlessly integrate with countless third-party edtech solutions. ABOUT CLASSLINK ClassLink is a global education provider of access and analytics products that create more time for learning and help schools better understand digital engagement. As leading advocates for open data standards, we offer instant access to apps and files with single sign-on, streamline class rostering, automate account provisioning, and provide actionable analytics. ClassLink empowers 17 million students and staff in over 2,200 school systems.

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EDUCATION TECHNOLOGY

MoneyLion and Zogo Team Up to Provide an Unparalleled Financial Education Experience

MONEY LION | August 16, 2022

MoneyLion Inc., the go-to destination for personalized financial content, products and advice, and Zogo, a Gen Z-powered financial literacy company, announced their collaboration today that will provide enhanced financial education to over three million MoneyLion users. The partnership offers an essential blend of holistic and technological innovation that for many years has been left out of the banking and education industries. This is Zogo's largest integration with a Fintech platform since its conception in 2018. The two digital-first companies are teaming up to create crucial content and a seamless experience for users via a co-branded design effort of modules. MoneyLion customers can now easily access Zogo's bite-sized education modules within the MoneyLion app's "Today Feed" content. The Today Feed is a key element on MoneyLion that brings together the power of community, data, knowledge and expertise to help educate and empower customers to find the best products and offers for them. Consumers will be able to make more informed, responsible financial decisions based on the education they receive every day. Skills users can learn from Zogo include, but not limited to: investing, saving, budgeting, credit scores, applying for loans, entrepreneurship, etc. With the implementation of Zogo, MoneyLion is changing the conversation around money, making it a positive one and reaching customers where they are by providing an essential and engaging educational experience. "At MoneyLion, we think about our customers each day and want to provide them with the tools and know-how to become money savvy in a way that's approachable and fun, "Together with Zogo and through MoneyLion's data science and machine learning capabilities, each customer will receive a unique lineup of content and information, and the tools necessary to help them achieve their money goals, and at the same time, have the confidence to improve their financial health with a hyper-personalized in-app feed." - Tim Hong, Chief Product Officer at MoneyLion Partnering with a premiere [neobank] such as MoneyLion is a pivotal step toward Zogo's goal to bolster investor education for consumers' prosperous financial futures, This is one of our biggest leaps in the Fintech space, driving us closer to our overall mission of reinventing financial education than ever before, said Bolun Li, CEO at Zogo. Shyam Pradheep, Zogo's Head of Operations adds, It's been unbelievable to watch and be a part of Zogo's growth journey from our roots in dorm rooms and dining halls to now joining forces with a Fintech giant like MoneyLion. Our partnership unlocks opportunities for financial education and success for users across the country, and we can't wait to reach new heights together. About Zogo Created in 2018 in a dorm room at Duke University by three college students, Zogo has since flourished into an industry leader in financial education. Its award-winning suite of products offer bite-size modules and tangible incentives to make financial literacy education accessible, fun, and rewarding. Zogo partners with 200+ financial institutions in all 50 U.S. states to help them educate, engage, and empower the next generation of financial decision-makers. Zogo's engaging app has garnered nearly one million users and won numerous industry accolades, including "Best of Show" at Finovate Fall 2019 and the NACUSO 2019 Next Big Idea Competition. Bolun Li, Founder & CEO of Zogo, was named one of Forbes 30 Under 30 in 2021. Li recently appeared on NBC News Now and FOX 7 Austin to discuss the criticalness of financial literacy. Li's work has also been featured in Forbes, INSIDER, The Financial Brand, EdTech Digest, The Learning Counsel, and more. About MoneyLion MoneyLion is a leading digital financial services and lifestyle content platform. MoneyLion's mission is to rewire the financial system to positively change the path of every hard-working American. MoneyLion uses its proprietary data advantage and technology to empower its customers. MoneyLion engages and educates its customers with daily, hyper-personalized money-related and money-adjacent content that is delivered through each customer's own content feed. MoneyLion provides its customers a full suite of financial and non-financial solutions, bundling its proprietary, low-cost financial products with products that are offered through its marketplace technology and network affiliate partners. MoneyLion also leverages its distinct data, technology, and network advantages to deliver leading embedded finance and marketplace solutions for enterprise customers. Since its founding in 2013, MoneyLion has empowered millions of Americans to take control of their finances and live their best financial life, every day.

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TALENT DEVELOPMENT, ENTREPRENEURS, AND LEADERS

The London School of Economics ,Political Science Partners with edX to Launch Pathway to Undergraduate Degree with MicroBachelors Programs,MOOC

edX | September 23, 2022

The London School of Economics and Political Science, a member institution of the University of London, and edX, the global online learning platform from 2U, Inc., today announced the launch of LSE's first two MicroBachelors® programs in Statistics Fundamentals and Mathematics and Statistics Fundamentals as well as An Introduction to Pre-University Mathematics, its first Massive Open Online Course. LSE is the first university to expand its degree partnership with 2U to launch a series of edX microcredentials that provide learners with a flexible, stackable pathway towards pursuing a fully online undergraduate education.MicroBachelors® programs deliver immediately transferable skills while providing a pathway towards pursuing a full Bachelor's degree. Each of LSE's new MicroBachelors® programs includes four university-level courses from leading LSE faculty. Learners who successfully complete a MicroBachelors® program from LSE and are admitted into select online undergraduate degree programs from the University of London, with academic direction provided by LSE, will be eligible to apply for recognition of prior learning (RPL), creating an accessible pathway into the degree program. The Introduction to Pre-University Mathematics MOOC, which is free to audit, will expand access to a foundational mathematics education worldwide. It will also teach the competencies required to succeed in university-level courses, including LSE's new MicroBachelors® programs. "Over the past five years, our partnership with 2U has enabled LSE to become a leader in digital education, bringing high-quality education to life online. We've reduced barriers, removed international borders, and extended our reach,Building on our partnership, the new innovative offerings from LSE on edX create an incredible opportunity for us to further increase our global impact by providing a vast community of learners with a clear pathway to gain the critical mathematics and statistics knowledge to achieve academic success." Wim Van der Stede, Academic Dean for Extended Education at LSE The school's initial partnership with 2U has played a role in LSE's strategy to expand its educational offerings and make teaching, learning, and research accessible to people who wouldn't have been able to access the institution in traditional formats. To date, over 26,000 learners have completed online certificate courses offered through LSE and 2U, and over 1,000 students have enrolled in its online undergraduate degrees powered by 2U. The addition of the MicroBachelors® programs and MOOC will help further expand LSE's reach to over 45 million learners around the globe.The launch of LSE's first MicroBachelors® programs and MOOC demonstrate the power of 2U and edX to expand access and increase the affordability of higher education at one of the world's most renowned social sciences institutions," said 2U Co-Founder and CEO Christopher "Chip" Paucek. "Creating new pathways to degree attainment is an essential part of edX's mission to unlock the potential of our community of 45 million learners worldwide, and we're thrilled to expand our partnership with LSE to bring that mission to life through the first truly stackable path to a fully online undergraduate degree. About London School of Economics The London School of Economics and Political Science (LSE) is an internationally renowned university specialising in the social sciences. Its expertise spans a wide range of disciplines from economics, politics and law, to sociology, health policy, accounting and finance. As one of the most international universities in the world, the School's diversity of people, ideas and interests make it an exciting centre for research, teaching and public engagement.    Established in 1895, the original vision of LSE as 'a community of people and ideas, founded to know the causes of things, for the betterment of society' remains true to this day.  It continues to use its research-led expertise to influence governments, NGOs, businesses and others to help tackle the world's most pressing problems. For more information visit  lse.ac.uk .   About edX edX is the education movement for restless learners and a leading global online learning platform from 2U, Inc. ( Nasdaq: TWOU). Together with the majority of the world's top-ranked universities and industry-leading companies, we bring our community of over 45 million learners world-class education to support them at every stage of their lives and careers, from free courses to full degrees. And we're not stopping there — we're relentlessly pursuing our vision of a world where every learner can access education to unlock their potential, without the barriers of cost or location.

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