EDUCATION TECHNOLOGY

New Hire Don Alava, Executive Vice President of Marketing Services, Higher Education Marketing Agency, Cygnus Education Announces

prnewswire | November 12, 2020

Cygnus Education, a full-service performance marketing and enrollment management solutions provider dedicated to serving higher education institutions, has hired Don Alava as Executive Vice President of Marketing Services. Don will lead all marketing efforts aimed at strengthening Cygnus Education's position as a performance marketing leader in the higher education vertical. He brings more than 27 years of marketing leadership, driving advertising innovation and building award-winning online marketing strategies. Before coming to Cygnus, Don was VP of Marketing at a number of institutions including Universal Technical Institute and Lincoln Educational Services Corporation, together serving more than 20,000 students at 38 campuses.  In this capacity, he created digital marketing strategies across multiple channels, as well as advanced marketing analytics and attribution modeling.

Spotlight

When instructional designers seek to enhance the appeal of elearning, the desire to make a “game” is never far away. Online games seem to grab the players’ attention and engage them in a single-minded focus directed toward conquering the game’s challenge. Hours are spent without the players realizing it when they are immersed in the consumption of gaming. Of course, we would love for our learners to achieve that same focus when engaged in our elearning modules. We have the same technology, so it should be possible, right?

Spotlight

When instructional designers seek to enhance the appeal of elearning, the desire to make a “game” is never far away. Online games seem to grab the players’ attention and engage them in a single-minded focus directed toward conquering the game’s challenge. Hours are spent without the players realizing it when they are immersed in the consumption of gaming. Of course, we would love for our learners to achieve that same focus when engaged in our elearning modules. We have the same technology, so it should be possible, right?

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CORPORATE EDUCATION AND TRAINING

Skillsoft to Acquire Codecademy, a Leading Platform for Learning High-Demand Technical Skills

Skillsoft | December 23, 2021

Skillsoft, a global leader in corporate digital learning, today announced it has entered into a definitive agreement to acquire Codecademy, a leading online learning platform for technical skills, for approximately $525 million in cash and stock. Codecademy is an innovative and popular learning platform providing high-demand technical skills to approximately 40 million registered learners in nearly every country worldwide. The platform offers interactive, self-paced courses and hands-on learning in 14 programming languages across multiple domains such as application development, data science, cloud and cybersecurity. In addition, the Codecademy platform can rapidly expand to deliver new skills at scale, making it highly adaptable to the evolving technical needs of learners and their employers. Codecademy, which was founded in 2011 and is headquartered in New York, is led by a proven entrepreneurial team that has built one of the most admired technical skills learning platforms in the industry. “Codecademy will significantly expand Skillsoft’s capabilities in the high-growth Tech & Dev segment. Strategic acquisitions are an important part of our growth strategy. We acquired virtual instructor-led training capabilities with Global Knowledge and coaching with Pluma earlier this year. With the addition of Codecademy’s innovative capabilities, we will create an even more immersive online learning experience. When we combine Skillsoft’s enterprise customer base of more than 12,000 corporate customers and over 46 million learners with Codecademy’s 40 million learners, sophisticated digital marketing capability and influential brand, we expect to unlock significant revenue synergies.” Jeffrey R. Tarr, Chief Executive Officer of Skillsoft Following the close of the transaction, the Codecademy team will join Skillsoft to help further build out the leading technical skills training solution for learners globally. “Since our founding, Codecademy has been focused on empowering our learners to build inspiring careers in technology,” said Zach Sims, founder and CEO of Codecademy. “We have helped tens of millions of people around the world learn new technology skills. Together with Skillsoft, we will have the opportunity to rapidly increase the size of our content library and scale Codecademy across the millions of learners and thousands of companies – including approximately 75% of the Fortune 1000 – that work with Skillsoft worldwide. With additional resources and opportunities to drive growth, we are excited to embark on this important next chapter.” Strategic Rationale and Benefits Creates a Leading Technology & Developer Offering. Adding Codecademy’s expertise in 14 programming languages across multiple domains to Skillsoft’s existing technical skills offering will create a leader in the high-demand, high-growth Tech & Dev segment. In addition, the capability of the Codecademy platform to rapidly add new programming languages and technical skills at scale will further enhance Skillsoft’s ability to meet the evolving demands of learners worldwide as it helps organizations address the critical technical skills gap. Expands Immersive Platform with New Ways of Learning. Skillsoft has already assembled an expansive set of learning options, including virtual instructor-led training, coaching, micro videos, audio, books, bootcamps, live events, assessments and badges. Together with Codecademy’s interactive, self-paced courses and hands-on learning, Skillsoft will be able to deliver even more immersive experiences through its AI-driven platform, Percipio. Creates Substantial Cross-Selling and Upselling Opportunities by Adding a Strong Brand and Powerful Digital Sales and Marketing Engine to Global Enterprise Sales Force. The acquisition will bring together Codecademy’s sophisticated direct-to-learner digital sales and marketing engine and Skillsoft’s enterprise sales organization, creating new opportunities to upsell and cross-sell across each company’s customer base, which is expected to drive customer growth and revenue synergies. Expected to Be Significantly Accretive to Bookings and Revenue Growth Immediately Upon Closing. Codecademy is expected to deliver approximately $47 million in bookings and approximately $42 million in revenue for the calendar year ended December 31, 2021, up 23% and 31%, respectively, over the prior year. Codecademy is entirely a SaaS business and is expected to deliver gross margins of more than 85% in 2021 and be accretive to Skillsoft’s gross margin immediately upon closing. Codecademy is investing to fuel growth and, accordingly, is expected to generate negative EBITDA of approximately $20 million in 2021. Skillsoft expects it will accelerate Codecademy’s growth in its first year of ownership and that the acquisition will be accretive to EBITDA over the long term. About Codecademy Codecademy is a leading online learning platform for technical skills, empowering approximately 40 million people worldwide to lead inspiring careers in technology. Codecademy’s innovative, scalable approach to online coding education makes it possible for anyone to master the skills needed to succeed in our tech-enabled workforce. Since 2011, learners from more than 150 countries have accessed Codecademy’s extensive course offerings on web development, data science, cybersecurity, and more, as well as in-demand programming languages like Python, CSS, and JavaScript. In addition to helping individuals unlock the full power of technology, Codecademy for Business supports companies like General Motors and Kayak as they train and upskill their teams for the future. Codecademy is headquartered in New York City. About Skillsoft Skillsoft is a global leader in corporate digital learning, focused on transforming today’s workforce for tomorrow’s economy. The Company provides enterprise learning solutions designed to prepare organizations for the future of work, overcome critical skill gaps, drive demonstrable behavior-change, and unlock the potential in their people. Skillsoft offers a comprehensive suite of premium, original, and authorized partner content, including one of the broadest and deepest libraries of leadership & business skills, technology & developer, and compliance curricula. With access to a broad spectrum of learning options (including video, audio, books, bootcamps, live events, and practice labs), organizations can meaningfully increase learner engagement and retention. Skillsoft’s offerings are delivered through Percipio, its award-winning, AI-driven, immersive learning platform purpose built to make learning easier, more accessible, and more effective.

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EDUCATION TECHNOLOGY

Master Microsoft Office within 44 Lessons with The $40 e-Learning Bundle

Microsoft | May 12, 2021

PowerPoint, Excel, and Word are all programs that can be used to create presentations. Microsoft's Office suite is widely used. It is not only a required thing on your resume, but it is also a necessary skill to use regularly. Make sure your Microsoft Office skills are up to scratch by going over the program's key functions in detail. The Typesy Teaches Microsoft Office eLearning kit can walk you through the most relevant applications of PowerPoint, Excel, and Word, so you can use them at work, school, or at home. Choose from over 44 courses that will teach you everything you need to know about Microsoft Office, from the fundamentals to more specialized functionality. Typesy encompasses everything you need to know to improve your productivity and the variety of what you can achieve with these apps, regardless of the field or current work. Each lesson is divided into manageable chunks of time so that you can incorporate them into your already hectic schedule. If you take one lesson a day, you'll learn new skills every day and have a better understanding of Office in less than six weeks. Typesey's step-by-step guidelines provide you with practical skills so that you can use Microsoft Office with faith and ease, from setting up the applications and formatting a Word document for printing to giving a stellar PowerPoint presentation and crunching data with Excel. Via efficient, no-frills tutorials, Typesey's straightforward and intuitive teaching style will introduce you to the most critical elements of this software. Typesey's structure and instructors are trusted by major employers and organizations all over the world, and they can mentor you, sharing their experience in easy-to-understand ways. With 44 expert-taught, comprehensive courses, take advantage of this offer to develop and refresh your Word, PowerPoint, and Excel skills. Typesy Teaches Microsoft Office has slashed the price of a lifetime subscription to just $39.99.

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ONLINE EDUCATION

Red Lake Nation College Announces TutorMe Partnership

TutorMe | January 28, 2022

TutorMe, the online tutoring solution of the future, and the Red Lake Nation College, today announced an agreement to provide more of its students with free access to TutorMe's online 24/7 tutoring service for the remainder of the 2021-2022 school year. With more than 15,000 tutors available anytime to help with more than 300 subjects, TutorMe provides immediate expertise whenever and wherever students need it. Whether it's homework help or a study session, students pair up with their private tutor for a personalized 1-on-1 lesson in the advanced lesson space. "We are very excited about our partnership with TutorMe, since it is in full alignment with our flexible, personalized, one-on-one, academic and social support for all of our students," said Chief Dan King, President of Red Lake Nation College. King added, "Our students can now get additional academic support 24/7, at whatever time works into their busy life schedules." TutorMe's virtual classroom provides interactive features including a text editor, code editor, two-way audio/video chat, screen sharing, and a virtual whiteboard for engaging and enriching education. Each session is archived so students can conveniently access past lessons to help them with coursework and studying. "TutorMe has been on the frontline of online education assistance well before the pandemic arrived, providing top-notch tutors and on-demand academic support to ensure students never feel lost. The community of students, staff, and families at Red Lake Nation College can rely on TutorMe to provide 1-on-1 learning during critical times of need and beyond." TutorMe's co-founder and CEO Myles Hunter About TutorMe TutorMe, a subsidiary of Zovio, is an on-demand online education platform that empowers students of all ages, backgrounds, and learning styles to get the personalized live support they need to achieve their academic goals. Trusted by thousands of schools nationwide, over 1.5 million students have free access to expert 1-on-1 guidance 24/7 in more than 300 subjects, as well as a Writing Lab for quick, detailed feedback on papers. Since 2013, TutorMe has been an invaluable resource for K-12 school districts, higher education institutions, employers, and nonprofits, bridging learning gaps, increasing educational equity, and improving student outcomes. About Zovio Zovio 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 and TutorMe, 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.

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