Student visa rethink aims to please both business and Brexiters

theguardian | September 11, 2019

On the roadmap to post-Brexit Britain, Boris Johnson offering overseas students more time to find a job in the country after they graduate attempts to hit on a compromise: between the demands of business to attract workers and the demands of many Brexit voters for migration to fall. Economic considerations appear to have won out. Universities had been applying significant pressure, warning that Theresa May’s tougher rules would inflict severe damage on a sector where Britain is a genuine world leader. Businesses argued that graduates would head elsewhere, to fill roles from low-skilled retail jobs to high-flying finance and tech startups. According to the lobby group Universities UK, enticing the 460,000 overseas students to Britain – including 140,000 from the EU – supports almost a million jobs and brings in £26bn a year for the economy. Under the market-driven changes introduced by the coalition government, some universities have become dependent on the higher fees paid by international students.

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EDUCATION TECHNOLOGY

National Student Clearinghouse and iDatafy Partner to Build Certified Comprehensive Learner Record Solution on SmartResume Certified Talent Platform

iDatafy | March 01, 2022

iDatafy, an industry-leader in education technology, and the National Student Clearinghouse announced a partnership today that will make it easy for learners throughout the nation to create Comprehensive Learner Records on the SmartResume platform, while also connecting employers with diverse job talent in a new way. Through this partnership, learners using the Clearinghouse’s Myhub digital wallet will be able to connect their credentials to iDatafy’s SmartResume, IMS Global certified, Comprehensive Learner Record solution. The Myhub platform, which is FERPA compliant, provides an educational digital wallet containing verified academic credentials that empowers learners with a single, secure location to curate all achievements from a variety of sources. The SmartResume service will be free for the Clearinghouse’s education partners and learners to utilize. Employers will typically pay a fee to connect, recruit and hire certified job talent on the platform. Students nationwide whose college or university sign up to participate with the Clearinghouse can use this service. US-based learners may access their personal SmartResumes through the Myhub platform. “SmartResume is both the world’s first certified resume issuing platform and employer-to-job talent matching engine combined in one. By partnering with the National Student Clearinghouse, we can scale the value provided by SmartResume to education institutions, job seekers and employers on a national level. We could not ask for a more trusted partner to do so.” Ian Davidson, Chief Growth Officer, iDatafy “We are excited to provide learners throughout the nation another way to control and showcase their skills, abilities, and accomplishments in their comprehensive learner record and to provide our employer partners with a new way to discover certified job talent at the front end of the recruitment process, said Pepe Carreras, Vice President of Education Solutions, National Student Clearinghouse. “This new service is one more way the National Student Clearinghouse serves the education and workforce communities and all learners with access to trusted data, related services, and insights.” About iDatafy LLC iDatafy®, founded in 2011, is a leading education technology company that has created the new SmartResume® certified talent platform. Trusted partners such as education institutions and workforce skill certifiers register academic achievements, leadership experience and certified workforce skills of their current and past student on our permissioned blockchain. The certifications are presented on customized SmartResumes that include links to the digital attestation by the trusted partners. The result is a resume that has been directly certified by a trusted institution and can now be used by the recipient to differentiate them when applying for a job. Employers now also have the ability to search for certified job talent in a way they were never able to do before. Both iDatafy® and SmartResume® are registered trademarks owned by iDatafy LLC. About the National Student Clearinghouse The National Student Clearinghouse, a nonprofit formed in 1993, is the trusted source for and leading provider of higher education verifications and electronic education record exchanges. Besides working with nearly 3,600 postsecondary institutions, the Clearinghouse also provides thousands of high schools and districts with continuing collegiate enrollment, progression, and completion statistics on their alumni.

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ONLINE EDUCATION

Asia’s Integrated Higher Edtech major upGrad to acquire Australia based Study Abroad market leader Global Study Partners (GSP)

upGrad | November 30, 2021

upGrad, Asia’s integrated higher edtech leader, has entered into an exclusive acquisition agreement with Global Study Partners (GSP), Australia's largest study abroad company, in a bid to strengthen its overseas education network. upGrad will invest USD 16 Million to buy 100% of GSP and commit a further USD 10 Million for future growth. GSP is slated to close its current financials at a GMV of over USD 10 million which will grow four-fold in the coming year. Following the impact of the COVID-19 pandemic, 45.2% of prospective global students are now interested in studying their program virtually as an alternative, according to The Impact of COVID 19 on Study Abroad Survey. Canada’s ApplyBoard in the same segment got funded recently at a USD 4 billion valuation. Leveraging this behavioural change, upGrad’s acquisition of GSP strengthens its foray in Study Abroad, one of the fastest growing segments worldwide. Founded in 2015 and headquartered in Sydney, Global Study Partners (GSP) boasts of an extensive institution network of over 600, with a focus on countries including, Australia, the UK, Canada, and the US, which are some of the most popular Study Abroad destinations in the world. GSP is also armed with more than 1,300 recruitment partners, including education and migration agents, schools, test preparation centres, alumni associations etc. “As an Integrated EdTech leader - we span the entire gamut of a learner's need from the age of 18-50 and in that, Study Abroad is a key growth initiative for us - not just out of India which is one of the two largest markets but also for our learners internationally. GSP coming into upGrad’s fold will be a needle mover for us to attain a headstart in being a global leader in this segment too.” Ronnie Screwvala, Chairperson & Co-Founder, upGrad Elaine Starkey, CEO and Founder, Global Study Partners, said “I couldn’t think of a more complementary business that is underpinned by shared principles and ethics “to empower learners throughout the world. Ronnie and Mayank are true visionaries with a deep understanding of this sector and truly get that 'it's all about the learner’s experience'. GSP partners' - institutions and recruitment partners - worldwide, will enjoy the benefits that the additional reach and capacity GSP can now deliver, and they can expect significant growth in quality student enrolments.” Students opting for Higher Education abroad from India are increasing rapidly and expected to reach ~1.8 million by 2024, as per Redseer report. They would be spending USD 75-85 Bn overseas, as Online emerges as the dominant channel for availing these services. “With 150K students every year, Australia is one of the biggest destination markets for Indian learners. With these two education giants in the key supplier and the demand markets combining forces, we are looking to build a revenue of USD 100Mn in study abroad business in the next 3 years,” Gaurav Kumar, President - Corporate Development and M&A, upGrad. About upGrad upGrad - started in 2015 is a pioneer in the online education revolution, focused on powering career success for a global workforce of over 1.3 billion. It is one of the few Integrated LifeLongLearning Tech Companies in the world - spanning the college learner to the working professional from the age group of 18-60 years and across Undergrad courses, Campus & Job Linked Programs, Studying Abroad, short form to executive programs to Degrees, Masters and Doctoral - with a learner base of over 2 million across 50 countries and over 300 University partners & a robust enterprise business with a client base of 1000 companies worldwide. upGrad’s Global Learning Engine rests on four pillars - (a) its large repository of original & owned content and IP, (b) its own best-in-class proprietary tech platform, (c) its high touch human-led delivery service backed by coaches & mentors, and (d) an 85% course completion track record, backed by a further 80% career outcomes guaranteed performance. Already termed Asia’s higher EdTech leader it has offices in the UK, US, Middle East, India, Singapore & Vietnam, and presence in many more countries. About Global Study Partners (GSP) Global Study Partners (GSP) is a leading B2B global EdTech marketplace for international student enrolments that works with 600+ Universities and Higher Education Institutes across the globe. GSP empowers students around the world by providing access to the best educational choices when embarking on studying abroad. Founded in 2015, the firm is headquartered in Sydney, Australia and has placed international students from 22 different countries into key study destination markets including Australia, UK, Ireland, US and Canada. GSP is committed to transforming lives through education and building out a globally connected student community.

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ONLINE EDUCATION

BYJU'S Acquires Austrian Company GeoGebra; Aims To Make Math Learning Even More Visual And Interactive

BYJU’S | December 09, 2021

BYJU’S, a homegrown Indian Edtech Company with 115 million students on its learning platform, has announced the acquisition of Austria-headquartered GeoGebra. The Austrian company has a dynamic, interactive and collaborative mathematics learning tool. This acquisition complements BYJU’S overall product strategy and integrates GeoGebra’s capabilities to enable the creation of new product offerings and learning formats to its existing mathematics portfolio. It furthers BYJU’S aim to make math more engaging, leading to better learning outcomes. This synergy of two like-minded companies will bring comprehensive, personalised and immersive learning experiences to all students. GeoGebra will continue to operate as an independent unit within the BYJU’S group under the leadership of its Founder and Developer, Markus Hohenwarter. "The GeoGebra team has built a powerful and stimulating platform that complements BYJU’S mission of providing impactful learning for students. Designed to improve mathematical understanding, it offers significant features that provide interactive resources that adapt to every child’s style and pace of learning. At BYJU’S, with the help of innovative teaching and technology, we have been making Math fun, visual, and engaging. And with GeoGebra on board, we will continue to further enhance, reimagine and transform the way Math is taught and learned." Anita Kishore, Chief Strategy Officer, BYJU’S "Together with our combined strengths, we will have a wider reach and the best resources to build innovative and exciting next-generation learning formats”, she added. GeoGebra, with a rapidly expanding community of over 100 million learners across 195+ countries, brings together geometry, algebra, spreadsheets, graphing, statistics and calculus in one easy-to-use format. Mathematical thinking is grounded in visual processing and GeoGebra’s interactive, multilingual, and stimulating learning environment makes math contextual, fun and visual. The platform has dynamic and connected geometry and algebra learning tools that aid in formulating and proving geometric conjectures. With an easy-to-use interface, the software can be either downloaded as an app or can be used online. The curriculum is available in multiple languages for students around the world. “GeoGebra was born out of a passion to help students learn math in a visually appealing and engaging manner. Our shared passion for learning and teaching resonates with BYJU’S, making them a perfect partner for our onward journey. I am confident that this partnership will help millions of students learn mathematics in an interactive way, in turn making them overcome their fear of math and learn to master it,” said Markus Hohenwarter, Founder and Developer of GeoGebra. On a mission to deliver rapid, sustainable growth at scale, Markus together with Michael Borcherds and Stephen Jull co-founded their company in 2013 to ensure GeoGebra would have solid footings from which to deliver its vision over the long term. GeoGebra includes both an enterprise and philanthropic non-profit organisation. Their commercial services support more than 300 established education service companies and startups, while the non-profit supports students, teachers, researchers, and government agencies across many countries. BYJU’S welcomes the social mission of GeoGebra and acknowledges its importance for mathematics education world-wide, ensuring GeoGebra’s current apps and web services will continue to be available free of charge, putting the power of mathematics into the hands of students and teachers everywhere. Launched in 2015, BYJU’S is the leader in offering personalized learning programs for school students in India. With over 115 million students cumulatively learning from the app, 7 million annual paid subscriptions, and an annual renewal rate of 86%, the app creates personalized learning programs for individual students based on their proficiency levels and capabilities which help them learn at their own pace and style. About BYJU’S BYJU’S is the world’s leading edtech company and the creator of India’s most loved school learning app which offers highly adaptive, engaging and effective learning programs for students in LKG, UKG, classes 1 -12 (K-12) and competitive exams like JEE, NEET and IAS. BYJU'S launched its flagship product, BYJU’S - The Learning App, for classes 4-12 in 2015. Today, the app has over 115 million registered students and 7 million annual paid subscriptions. With an average time of 71 minutes being spent by a student on the app every day from 1700+ cities, the app is creating a whole new way of learning through visual lessons. The Disney BYJU'S Early Learn App was launched in June 2019, a special offering from BYJU'S for students in classes 1-3 featuring Disney’s timeliness characters. In early 2019, BYJU'S acquired Osmo, a Palo Alto based maker of educational games to transform the whole offline to online learning experience. BYJU'S also acquired WhiteHat Jr in 2020, a Mumbai-based programming start-up focused on empowering children with coding skills. In 2021, BYJU’S acquired the market leader and one of the most trusted test-prep service providers in India - Aakash Educational Services Limited (ASEL), Epic and Great Learning. Taking the vision of creating active learners around the world and expanding globally, BYJU’S also launched BYJU’S Future School recently. Powered by 12,000 qualified women teachers, this is available in the USA, UK, Australia, Brazil, Indonesia and Mexico and will progressively expand to more geographies in the near future. Furthermore, BYJU’S Learning App featuring Disney was launched in the USA in July 2021, to help children ages 4–8 explore, practice, and understand math, language and reading concepts through interactive learning journeys combined with Disney’s world-class storytelling. BYJU’S has been backed by strong and prominent investors like Chan-Zuckerberg Initiative, Naspers, CPPIB, General Atlantic, Tencent, Sequoia Capital, Sofina, Verlinvest, IFC, Aarin Capital, TimesInternet, Lightspeed ventures, Tiger Global, Owl Ventures & Qatar Investment Authority. Delivering a world-class learning experience, programs from BYJU’S are making learning contextual and visual. The apps have been designed to adapt to the unique learning style of every student, as per the pace, size and style of learning. BYJU'S is paving the way for new-age, geography-agnostic learning tools that sit at the cross section of mobile, interactive content and personalised learning methodologies. BYJU’S is also the official sponsor of the Indian Cricket Team.

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