TalentSprint | July 25, 2022
TalentSprint, a global edtech company and a market leader in transformational deeptech programs, today announced a multi-year and multi-program partnership with Carnegie Mellon University’s (CMU) School of Computer Science (SCS), Executive & Professional Education – World’s #1 Computer Science School. The Advanced Certificate Program in DevOps, first to be launched under this partnership, aims at fulfilling a growing need for new-age DevOps professionals in the APAC region.
Most impacted by digital transformation, industries like BFSI, IT, Healthcare, Retail, Media and Entertainment are creating enormous opportunities for DevOps specialists globally. These market dynamics positions CMU’s well-researched Advanced Certificate Program in DevOps as a significant addition in the upskilling journey of the aspirants.
“This partnership has further strengthened our presence in the United States. CMU’s School of Computer Science is iconic and this association is a validation of our success in path-breaking programs with leading institutes and global tech organizations in India and the US. Our first program with CMU aims at creating world-class DevOps specialists.”
Santanu Paul, CEO of TalentSprint.
Commenting on the launch, Ram Konduru, Director of Executive Education at the CMU-SCS said, “We were exploring international markets like India, Middle East and Southeast Asian markets that have a growing demand for tech professionals. We wanted to collaborate with a serious edtech company that could align with our core competencies and help us reach out to new geographies. We are happy to announce our association with TalentSprint and launch our first program in DevOps.”
The Advanced Certificate Program in DevOps will help participants with in-depth knowledge of various new-age DevOps tools. The 6-month high-impact program, designed and taught by the expert faculty of CMU-SCS, who are globally renowned thought leaders in DevOps such as Professor Len Bass, and research scientists Hasan Yassar and Joseph Yankel. On successful completion, participants will receive CMU’s globally recognized certificate. The program will be delivered on TalentSprint’s digital platform ipearl.ai. Applications for this program are open.
Flywire | July 14, 2022
Today, Flywire Corporation , a global payments enablement and software company, announced that it has completed the acquisition of Cohort Go, an international education payments provider that brings additional students, agents and essential student services to Flywire. The acquisition will build on Flywire’s existing education business to accelerate the growth of its agent focus and team, deepen its commitment to product and payment innovation, and further invest in Asia-Pacific (APAC), a key geographic focus for Flywire.
Cohort Go’s core focus is on providing international students with the ability to make cross-border tuition payments through international agents. Cohort Go’s agent platform is expected to bolster Flywire’s existing agent solutions to deliver even greater value to educational institutions, agents, and students. Additionally, with partner relationships in almost 40 geographies, Cohort Go’s global footprint and penetration in APAC and Latin America also present new growth and expansion opportunities for Flywire.
“Recruiting agencies play a critical role in the international student journey by assisting students in finding placements in higher educational and other institutions. “Cohort Go has been prominent in this space, with a network of over 1,000 agent partnerships, including some of the most prestigious student recruitment agencies in the world.”
Mike Massaro, CEO of Flywire
Massaro continued: “As we continue to invest in our Flywire Advantage – the combination of our next-gen payments platform, proprietary global payment network and industry-specific software – we seek opportunities to embed deeper into the workflows of our clients, agents and payers, with the goal of driving more value for them. Cohort Go’s successful agent platform, global footprint and adjacent services complement our existing capabilities and will help us power the higher education ecosystem into the future.”
Growth in international student recruitment indicates strong secular trend
Recent research suggests that the international education industry is poised for significant growth. According to new data from the market intelligence firm HolonIQ, 8 million international students will be enrolled with foreign higher education institutions by 2030 – 3 million more than were abroad in 2019 – and that their total spending will amount to more than double what it was before the pandemic.
As the demand for higher education accelerates, education agents are expected to play a critical role in international recruitment. Estimates from the international education consultancy, ICEF, suggest that more than 1 million students are placed through agents around the world, and rising. According to a 2021 report from the American International Recruitment Council and the National Association for College Admission Counseling, nearly half (49%) of U.S. colleges who responded were partnered with education agents, which is up from 36% of U.S. in 2017-2018. Agent growth is also on the rise in other popular higher education destination markets like Canada, whose international student population has grown sixfold over the past two decades.
Cohort Go was founded in 2012 by industry experts Mark Fletcher and Paul Jones, who combined their respective expertise in banking and commercial software to enable students to pay for their international education using their local currency, saving on fees and transfer rates. Grounded in their aligned vision to deliver value to the broader education ecosystems, the founders continually sought ways to work with education agents, institutions and students alike, and evolved their single solution into an online platform that offers a tailored experience, with capabilities to reduce costs, increase choice and improve productivity.
Today, Cohort Go partners with more than 1,000 agents globally. Students from more than 180 countries have leveraged Cohort Go, which services more than 60 currencies with local specialists all over the world. The integration of Cohort Go into Flywire’s existing agent platform will enable Flywire to provide even more value to agents, payers, and educational institutions.
Combination of software and payments powers future vertical ecosystems
Cohort Go’s strong regional focus in APAC, global agent relationships, and its existing payment infrastructure will help Flywire bolster its global payment network. Cohort Go’s relationships with payment partners all over the world will add to Flywire’s network of partners, further supporting Flywire’s clients and payers across all vertical industries.
Additionally, the acquisition of Cohort Go also enhances Flywire’s ability to accelerate Flywire’s roadmap to enable a broader suite of financial services targeted to international students and other payers. Already, Cohort Go is improving the way students pay for and save on health insurance, which augments Flywire’s focus on adding more value through its payer services.
“Working with our clients on delivering high-stakes, high-value tuition payments, we’ve continued to discover pain points in the education ecosystem that we believe we’re uniquely positioned to solve,” Massaro continued. “Cohort Go gives us an opportunity to accelerate the investment we have been making to further extend our value proposition to international students. With our Flywire Advantage, we can apply our existing framework of using software to drive value in payments to solve very specific use cases.”
Complements strong organic growth
The acquisition of Cohort Go is a continuation of Flywire’s long-term plan to supplement its strong organic growth and continually expand across all business lines. The acquisition is expected to be modestly accretive to revenue and Adjusted EBITDA. More details will be shared on the upcoming earnings call scheduled for August 9, 2022.
Flywire is a global payments enablement and software company. We combine our proprietary global payments network, next-gen payments platform and vertical-specific software to deliver the most important and complex payments for our clients and their customers.
Flywire leverages its vertical-specific software and payments technology to deeply embed within the existing A/R workflows for its clients across the education, healthcare and travel vertical markets, as well as in key B2B industries. Flywire also integrates with leading ERP systems, such as NetSuite, so organizations can optimize the payment experience for their customers while eliminating operational challenges.
CORPORATE EDUCATION AND TRAINING
Amazon | August 03, 2022
Amazon is partnering with education organizations Beyond 12 and Kaplan to bring even more features to the Career Choice program - one of Amazon’s nine skills training programs. Career Choice already offers pre-paid college tuition to its more than 750,000 hourly employees. With these new partnerships, employees will have access to career coaching, college advising, and specialized career services free of cost. Through the expanded benefits program, employees will receive virtual one-on-one coaching to help them identify the academic programs that best fit their skills and long-term goals, as well as continuous support throughout their higher education experience.
Studies consistently show that expanding access to higher education is a proven way to create social and economic mobility for Americans. According to the U.S. Census Bureau, individuals with some college but no degree earn 18% more than their peers with just a high school diploma, while those with a bachelor’s degree earn 62% more.
However, numerous studies show that access to higher education is only the start, and that all too often students with the best intentions don’t finish their programs. Harvard University studies found that fewer than 40% of community college students earn a certificate or degree within six years of enrollment, and completion rates are even lower for minorities, older students, and part-time students. In fact, the Pell Institute found that only 9% of students with lower incomes earn a bachelor’s degree by their mid 20s, compared with 77% of their higher-earning peers.
That’s why Amazon is investing in programs to help employees get the guidance and coaching they need to be successful students free of cost. While financial constraints are undoubtedly a barrier for students, high-quality academic advising and career coaching improves academic outcomes—especially for lower-income or first-generation postsecondary students.
“While Career Choice has always been complemented by advisement services, feedback from participants has shown that more comprehensive and ongoing coaching would help employees choose programs better aligned to their career goals. We want Amazon team members to successfully navigate the challenges of going to school while working and ultimately use their new skills to find incredible opportunities, These partnerships with Beyond 12 and Kaplan are a game-changing enhancement to our program and the careers of Amazon’s employees.”
-Tammy Thieman, Global Director for Career Choice at Amazon
With these new partnerships, Amazon is envisioning an expansion of the Career Choice program - which has more than 80,000 total participants—that will encourage other employees to take the next step in skills training. Career Choice is designed to put employees on a path toward well-paying, in-demand professions with a coaching framework that empowers them along the way.
Participating in Amazon’s Career Choice Coaching program has been a valuable experience, To know I have a personal coach I can rely on, build a rapport with, and who is committed to helping me advance my career goals has been reassuring, saidCicero Vieira, an Amazon fulfillment center employee in Baltimore.
Beyond 12 is a national technology-based nonprofit whose mission is to improve the outcomes of students from under-resourced communities. The organization supplements live virtual coaching with a mobile app that guides students through activities, deadlines, and behaviors that lead to success throughout their education.
Eliminating the barrier of tuition is a tremendous benefit for Amazon employees, but postsecondary education completion gaps can’t be ignored, Our coaching program helps identify and address the systemic and structural barriers students face before those challenges lead them to drop out. We’re pleased to partner with Amazon to go beyond getting students ‘into’ college and focus on getting students ‘through’ college, saidAlexandra Bernadotte, founder and CEO of Beyond 12.
Kaplan helps prepare students for higher education by offering test prep, including for license and certification exams, while also offering degree programs, English learning, and pathway programs. Kaplan’s program with Amazon will connect employees to career services, such as networking, resume development, job interview preparation, and online brand building services, to enhance job placement.
Kaplan is committed to helping people succeed, and this exciting new partnership with Amazon builds on our proud legacy of changing lives and building stronger futures. We’re thrilled to be empowering so many thousands of hardworking employees at Amazon and look forward to being at their side until they’ve reached their educational and professional objectives, said Greg Marino, CEO of Kaplan’s North America division.