prnewswire | October 08, 2020
X2O Media, global provider of virtual collaboration technology for education and enterprise, today announced the launch of its first installation of the X2O Virtual Classroom in Canada. Executive Education HEC Montréal has selected X2O Media to provide an immersive virtual classroom for the renowned business school to deliver engaging online courses for its Executive Education program. X2O Media, part of the STRATACACHE family of technology companies, collaborated with AV-integration partner CBCI Telecom, a trusted advisor of video conferencing solutions, to install a purpose-built hybrid virtual classroom that replicates the energy and one-to-one interaction of an in-class lecture.
CYPHER LEARNING | June 21, 2021
CYPHER LEARNING, a leading provider of learning management systems for businesses and educational institutions, said today that it had received $40 million in growth equity from Invictus Growth Partners ("Invictus"), marking the company's first outside funding. The funds will be used to increase sales, marketing, and development of its cutting-edge learning platform and increase profitability. John DeLoche, Co-Founder and Managing Partner of Invictus, will join the Board of Directors of CYPHER LEARNING.
CYPHER LEARNING is the only business that offers a learning management system (LMS) for all major e-learning sectors.
MATRIX LMS for Businesses, NEO LMS for Schools and Universities, and INDIE LMS for Entrepreneurs are the company's three award-winning products. The products are used by over 20,000 organizations worldwide and are accessible in over 40 languages. The worldwide LMS industry is projected to be worth more than $21 billion. Still, it remains highly fragmented and inhabited by outmoded, small-scale firms that have not kept up with the current requirements of businesses and educational institutions. This huge market has created tremendous growth possibilities for CYPHER LEARNING as its cutting-edge learning platform gains momentum due to its intuitive user experience, robust functionality, and unique approach to teaching and learning.
"CYPHER LEARNING's unique positioning in the industry, as well as the large addressable market in both the business and K-2O sectors, has resulted in phenomenal growth, which we expect to accelerate over the coming few years," said Graham Glass, CEO, and Founder of CYPHER LEARNING.
"The CYPHER LEARNING platform provides many advantages to businesses and educational institutions, including ease of use, consistency of learning, innovative tracking and reporting, greater engagement, and improved learning outcomes. Graham and his leadership team have developed a world-class learning platform with revolutionary automation, mobile, social, and gamification capabilities that are designed to scale and dominate the market across all industries. We are happy to collaborate with CYPHER LEARNING and look forward to helping them accomplish their goals." Invictus Growth Partners Co-Founder and Managing Partner John DeLoche said
About CYPHER LEARNING
CYPHER LEARNING is a San Francisco-based company specializing in delivering learning platforms to companies all around the globe. MATRIX LMS for Businesses, NEO LMS for Schools and Universities, and INDIE LMS for Entrepreneurs are the three products offered by CYPHER LEARNING. Over 20,000 companies use the products, which support 40+ languages, and have received numerous awards. CYPHER LEARNING is the only company currently providing platforms in all main e-learning sectors, including academic, corporate, and entrepreneurship.
About Invictus Growth Partners
Invictus Growth Partners is a growth equity and buyout company that invests in bootstrapped and capital-efficient cloud software, cybersecurity, and fintech companies looking for capital and strategic expertise to drive their growth. The firm and all of its employees are based in San Francisco, California.
Teachmint | December 22, 2021
Teachmint, an education infrastructure startup and the creator of India's largest teaching platform, today announced that it has acqui-hired the Indian arm of edtech startup Teachee. Helping educators and creators sell courses online, Teachee was launched in India in October 2020 by Vlight Technology Pte, a Singapore-based company. This comes at the heels of Teachmint's acquisition of Teachmore, a course-selling platform which enables teachers to sell educational products like online courses, live classes, quizzes and more through their own apps and websites.
With this, close to 20 members of Teachee's India team are now a part of Teachmore by Teachmint, strengthening the company's course-selling offering and enabling it's community of millions of teachers to grow their online presence. Teachee's India country manager, Aakash Kasaundhan, has also joined the company as a Senior Director, leading the business growth of Teachmore by Teachmint. This acquisition comes at a time when the Teachee platform is being discontinued globally.
"We are very happy to welcome the Teachee team to the Teachmint family. This acqui-hire will aid the expansion of our course-selling offering and help deliver even more value and innovation to our teachers. With the aim of scaling our user base from 10 million to 100 million and beyond, we are laser focused on increasing our team strength and bringing the best talent onboard. This acqui-hire gives us a great boost and we are well positioned to revolutionize the growth and monetization opportunities for educators and creators."
Mihir Gupta, Co-founder & CEO, Teachmint
Aakash Kasaundhan, Senior Director, Business at Teachmore (former India country manager at Teachee), said, "Teachmint's growth has been phenomenal and it's inspiring to see a company build such state-of-the-art infra solutions for educators across the globe. Our team at Teachee is thrilled to join the Teachmint group and we are definitely stronger together! Despite the discontinuation of Teachee's platform, the teams across the world created truly memorable and outstanding outcomes for thousands of creators and teachers and we are geared up to bring our experience and energy and take Teachmint to new heights."
Teachmint recently marked its first acquisition by acquiring Teachmore in a cash plus stock deal to expand its course-selling offerings. This follow's Teachmint's series B fundraise of $78 million in October 2021. This gets added to the suite of education-infra products that Teachmint has been offering including Teachmint's mobile teaching app, Teachmint for Institute and Teachmint for developers. With adoption from 10+ million users, 4,000+ educational institutes and multiple international edtech partnerships, Teachmint today is the only solution catering to end-to-end infrastructure needs of educators; from K-12 schools to after-school tutoring to universities and even edtechs.
Teachmint is an education infrastructure provider and India's largest teaching platform. It was founded in May 2020 by Mihir Gupta, Payoj Jain, Divyansh Bordia and Anshuman Kumar - alumni of IIT Bombay and IIT Delhi with executive experience at OYO, McKinsey, Swiggy and Roposo. The company is reimagining the infrastructure for education through their proprietary classroom technology, which is highly optimized for education providers across the world, including individual teachers, schools, universities and edtech organizations.
Through Teachmint's classroom infrastructure, teachers are able to deliver live online classes, ensure continuous student engagement and automate their admin workflows. Today, the platform is available in 15+ Indian and International languages including English, with 10 million+ teachers & students from 25 countries on its platform.
Teachmint is backed by leading investors such as Rocketship.vc, Vulcan Capital, Learn Capital, Goodwater Capital, Epiq Capital, CM Ventures, Lightspeed India, Better Capital and Titan Capital.