OpenSesame | July 28, 2021
OpenSesame, a market-leading SaaS global e-learning pioneer, announced a $50 million investment led by JMI Equity, a growth equity company focusing on investing in top software companies, with previous investors FTV Capital and Altos Ventures participating. This expansion investment will help OpenSesame speed its global expansion, expand its technology platform through product-led M&A, and continue to create value for its global customers.
Companies across the globe were compelled to rethink how they train and grow their organizations as a consequence of COVID-19 and the beginning of the work-from-home age. As a result, organizations accelerated their adoption of online learning and employee development programs with remote workforces, with a particular surge in demand for more training on diversity, equity, inclusion (DEI), and leadership development, enabling a safe working environment and workplace wellness. The most comprehensive and essential solution for global and remote workforces across all sectors is OpenSesame's extensive library of 20,000+ e-learning courses in over 19 languages and new courses from world-class content partners such as TED and Harvard Business Publishing.
To offer customers even more high-quality courses, OpenSesame will increase its investment in partnerships and technology. The business adds unique courses by collaborating with the world's finest content producers and subject matter experts, as well as its curation team, to create courses that meet the unmet training requirements of today's virtual and varied workforces. With AI-curated course lists, OpenSesame has created technology that enables learning administrators to build custom learning pathways for each learner. In addition, the Simon platform from OpenSesame enables learning professionals to build compelling online training courses in many languages that connect with any learning management system.
Through effective online learning in every sector, OpenSesame assists in the development of the world's most productive and respected workforce. OpenSesame assists global companies at every step of the process, with the most extensive library of e-learning courses from the world's top publishers. As a result, OpenSesame has gained additional Global 2000 companies to its client base when the workforce is becoming more virtual. With over 20,000 courses available, the platform serves all industries and markets.
About JMI Equity
JMI Equity is a growth equity company that focuses on top software businesses. Since its inception in 1992, JMI has invested in over 155 businesses in its target markets, executed over 105 successful exits, and raised more than $6 billion in committed capital. In addition, JMI works with outstanding management teams to help them grow their companies into industry leaders.
CORPORATE EDUCATION AND TRAINING
Cambium Learning Group | January 31, 2022
-Cambium Learning Group, a leading provider of award-winning education technology and services for K-12 markets, today announced its “Remote First” work model, a progressive and responsive approach to remote work. Cambium's Remote First model provides the company’s employees with flexibility, giving most employees the opportunity to choose between fully remote work or a hybrid of remote and in-office work at one of Cambium's office locations. Cambium believes that continuing to allow its employees to determine where and how they work to effectively balance their work and personal lives will continue to support both the company’s goals and employees in the future.
Cambium’s purpose — its reason for being — is to tackle K-12 education’s biggest challenge: helping all teachers and students feel seen, valued and supported. This purpose also extends to the employees, making sure all feel seen, valued and supported. Employees will not be required to work in an office or resume business travel, and the added flexibility is focused on driving innovation, improving equity across the company, and putting people first.
“In response to the pandemic, most Cambium employees have adjusted to a fully remote working environment,” said John Campbell, CEO of Cambium Learning Group. “The transition to fully remote work has required each of us to adopt new ways of working and staying connected. We’re excited that our Remote First approach will provide a more inclusive model based on respect and trust that supports everyone to create a better work-life blend.”
Cambium's bookings are more than five times higher than 2017 bookings, nearing $1B in 2021. Since accelerating its transition to a remote workforce in March of 2020, Cambium has gone on to have its two most successful years to date in 2020 and 2021. This is just one example of how the company’s focus on its purpose — helping people feel seen, valued and supported — wasn't just the right thing to do, it was beneficial for business and employees.
As a result of the growth that the company has seen over the last 2 years, Cambium has invested in its existing talent and added nearly 400 new positions across the US, while looking to add more than 600 new positions in 2022. Cambium’s latest video, “Back to the Future,” highlights Cambium's legacy of impact and serves as a call to action for professionals wanting to join the edtech leader in addressing education’s most persistent challenges. Within Cambium’s Remote First approach, over 85% of Cambium's employees have the opportunity to work remotely.
“Our historic growth last year and throughout the pandemic, is a testament to our employees’ hard work and tenacious dedication to teachers and students. Giving our employees the flexibility to decide where and how they work best is not only what’s best for themselves and their families, but also helps us all produce our best work.”
Ashley Andersen Zantop, COO at Cambium Learning Group
By applying learnings from the start of the pandemic, and adopting a Remote First work model, Cambium has invested in ways to increase support for employee remote home offices. This includes a Remote First Home Office support benefit for expenses incurred so far and those expected in 2022, as well as an enhanced suite of health and welfare benefits including virtual mental wellness visits, enhanced leave packages and other remote-friendly offerings. Cambium’s commitment to a Remote First approach will focus on encouraging all employees and teams who can work remotely successfully to do so, while also providing office facilities for some in-office work and collaboration in select locations.
About Cambium Learning Group
Cambium Learning® Group is the education essentials company, providing award-winning education technology and services for K-12 markets. With an intentionally curated portfolio of respected global brands, Cambium serves as a leader in the education space, helping millions of educators and students feel more universally valued each and every day. In everything it does, the company focuses on the elements that are most essential to the success of education, delivering simpler, more certain solutions that make a meaningful difference right now. To learn more, visit www.cambiumlearning.com or follow Cambium on Facebook, LinkedIn, Twitter, and Medium. The Cambium family of brands includes: Cambium Assessment, Lexia® Learning, Learning A-Z®, Voyager Sopris Learning®, ExploreLearning®, Time4Learning®, and Kurzweil Education®.
TeachFX | April 27, 2022
Leading learning technology provider TeachFX announced the expansion of its learning dynamics ecosystem. This will help educators and teachers access actionable insights into their learning outcomes and instructional patterns.
“Decades of research shows that students need to talk to learn. And that the students who benefit the most from opportunities to participate orally – those among historically marginalized populations – consistently get the least opportunity to do so. We’re proud to expand our mission to the online learning experience with these powerful new partnerships. Online learning providers like Cignition, Third Space Learning and Sora Schools can now see clearly what gets students talking about the ideas in their classes, empowering them to improve learning outcomes for all of our students.”
-Jamie Poskin, co-founder and CEO of TeachFX
Premier math tutoring platform Cignition, math tutoring provider Third Space Learning, and virtual school Sora Schools, are currently partnering with TeachFX to empower their learning experience.