EDUCATION TECHNOLOGY
PRnewswire | April 06, 2023
Learneo, Inc., an ambitious new platform of productivity and learning businesses and technologies, today announced its acquisition of German-founded LanguageTool, a multilingual writing platform for English, Spanish, and 30 other languages. This acquisition adds to Learneo's robust suite of writing solutions, while also advancing the company's larger international expansion strategy.
"We are committed to supporting builder-driven businesses that help people learn and do more, faster, better, and more affordably—wherever learning occurs," said Andrew Grauer, CEO of Learneo. "The LanguageTool business fits squarely in our investment thesis and accelerates our mission thanks to their values-aligned and ambitious co-founders, their broad customer reach of B2C and B2B clients across the globe, and their unique language and AI expertise."
Globally, most people communicate in more than one language today. Employers are increasingly expecting their employees to engage with colleagues, partners, and customers in multiple languages. In the U.S., for example, 9 out of 10 U.S. employers have reported that they rely on U.S.-based employees with language skills other than English.
Born out of an interest in helping professionals communicate in an increasingly global world, Daniel Naber started LanguageTool as a part of his diploma thesis while studying computational linguistics in 2003. Naber spent many years building LanguageTool in his free time, initially as an open-source project and later as a business when he joined forces with Christopher Blum. Blum had previously founded the spell checking platform, Spellboy, and the two decided to collaborate and unify their experience by co-founding LanguageTool as a business. Today, LanguageTool boasts over 60,000 paying subscribers, including professionals and enterprise clients, and millions more free users across Europe and Latin America.
"Having built LanguageTool over the course of the last 20 years, it has been exciting for us to find a partner so clearly aligned with our mission who also understands our advanced technology and can support our continued innovation in a moment of rapid technological evolution," said Naber. "Joining the Learneo team and having the ability to work alongside talent with phenomenal writing and AI expertise to accelerate our vision is a dream come true. We are deeply motivated by the possibilities that lie ahead!"
With this acquisition, Learneo now comprises seven distinct business lines: CliffsNotes, Course Hero, LanguageTool, LitCharts, QuillBot, Scribbr, and Symbolab. Individually, and together, Learneo's platform of businesses is pioneering advances in a wide range of applications for emergent technologies, including the use of AI to improve people's written communications, reading, and math skills, whether they are in school, a professional work environment, or simply navigating everyday life. Most recently, QuillBot announced the addition of an AI-augmented translator to its platform, allowing users to translate complex texts and better understand the nuances of sentence structure, word choice, and verb conjugation.
"In an ever-more-globalized, asynchronous work environment, accessible multilingual expertise for written communication is in high demand," said Rohan Gupta, CEO of QuillBot and head of Learneo's writing vertical. "Daniel, Christopher and the LanguageTool team have built something truly unique, and I am excited for us to build together, to evolve each of our product lines across Learneo's writing vertical, and to advance the international writing industry at large."
About Learneo
Learneo is pioneering a platform of productivity and learning businesses. The platform of businesses includes CliffsNotes, the original and iconic study guide company; Course Hero, an online learning platform of academic resources; LitCharts, a creator of literature resources; QuillBot, an AI-powered writing companion; Scribbr, a multilingual academic proofreading service, and Symbolab, an AI-based mathematics resource.
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TALENT DEVELOPMENT
PRnewswire | June 01, 2023
Learneo, Inc., a platform of productivity and learning businesses and technologies, today announced that it entered into a definitive agreement and closed on the acquisition of the Digital Student Solutions (DSS) segment of Barnes & Noble Education, Inc. (NYSE: BNED), which includes bartleby® and Student Brands. DSS expands Learneo's suite of supplemental learning technologies with multiple subscription-based solutions offering high-quality educational content, as well as study and writing support and tools across several languages.
"Learneo is shaping a world where everyone has the resources to learn and achieve their fullest potential," said Andrew Grauer, CEO of Learneo. "The addition of DSS to our suite of digital study and writing solutions, helps us deliver on our vision by expanding our educational offering and diversifying Learneo's reach to new audiences and markets worldwide."
In December 2022, Learneo established an ambitious plan to develop and acquire productivity and learning technologies. The acquisition of DSS quickly follows the Company's acquisition of the AI-powered multilingual writing platform, LanguageTool, last month. It is also the Company's third acquisition since its $395 million series C funding round. Learneo now comprises eight business lines including CliffsNotes, Course Hero, DSS (bartleby® and Student Brands), LanguageTool, LitCharts,
QuillBot, Scribbr, and Symbolab.
At a time when the market is massively fragmented and experiencing accelerated change, Learneo's platform of businesses is pioneering advances in productivity and learning through AI and emergent technologies to enhance learning, skill development and improve communications, for anyone, anywhere, and at any time.
About Learneo
Learneo is pioneering a platform of productivity and learning businesses. The platform of businesses includes CliffsNotes, the original and iconic study guide company; Course Hero, an online learning platform of academic resources; LanguageTool, a multilingual writing platform; LitCharts, a creator of literature resources; QuillBot, an AI-powered writing companion; Scribbr, a multilingual academic proofreading service, and Symbolab, an AI-based mathematics resource. The company has office hubs in the U.S., Canada, Germany, Israel, India, and the Netherlands.
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CORPORATE LEARNING SYSTEMS
PRnewswire | April 04, 2023
Spark Education Group ("Spark"), one of the world's largest provider of small-group online classes for K-12 education, is celebrating 5 years since its first online class in March 2018. With its award-winning programs such as Spark Math, the edtech has served over 650,000 students in more than 100 countries and regions.
Since its inception, Spark Education has focused on prioritizing students' learning experience for optimal education outcomes. Its team of over 1,000 curriculum researchers and designers use research-based, proven teaching methods, focusing on building a strong foundation with deep understanding rather than memorization. The company's investments in interactive technology to create proprietary systems and courseware ensure students are engaged and able to connect in real-time with teachers and peers. Taking a collaborative approach with pedagogy experts, curriculum designers, child psychologists, engineers, and designers, Spark has set out to challenge traditional classrooms and ways of learning, to re-imagine what the optimal learning experience could be for kids. This has resulted in improved academic performance and strong problem-solving skills in Spark's students. Parents have been strong supporters of Spark's programs with about up to 80% annual renewal rate and about 77% of new students coming from current student referrals in some regions.
The launch of the Canadian Spark Education Learning Center coincides with Spark's 5th anniversary. With a student-centric education philosophy, the center will offer fun and engaging classes including math, language learning, problem solving and more. Lessons are designed to empower students to learn, visualize, and connect real-life experiences to classroom content.
"We are extremely proud to launch Spark's first learning center in Vancouver, which has already attracted not only local families but also those who drive from further afield," said Susan Pan, Head of Canada Spark Education Learning Center. "We firmly believe that our interactive learning experience will make learning math and languages more fun and effective for Canadian students, and we look forward to continuing to expand our physical locations to increase our impact."
The center provides an opportunity for students and parents to see and interact with the Spark Education experience, talk with its teachers, and maybe even meet some of the main characters from their class adventures, all in a welcoming and educational space. This marks another step in the edtech's mission to spark passion for learning, igniting lifelong growth.
About Spark Education Group
Founded in 2017, Spark Education Group is headquartered in Singapore. Its portfolio of education brands aims to combine research-based pedagogy with technology to improve the learning experience and education outcomes for students around the world. It was recently awarded "Best Interactive Learning Experience" at EdTech Asia, and recognized as a Parent and Teacher Choice Award Gold Medal Recipient.
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