edX | July 01, 2021
2U, Inc., a global leader in education technology, and edX, a leading online learning platform, and education marketplace, announced today that they have entered into a definitive agreement to form an industry-redefining partnership that will help power the digital transformation of higher education to expand access and affordability, and usher in a new era of online learning.
2U will pay $800 million in cash to buy almost all of edX's assets. 2U and edX plan to reach over 50 million learners worldwide, serve over 230 partners, and provide over 3,500 digital programs on the world's most comprehensive free-to-degree online education marketplace.
Proceeds from the transaction will go to a nonprofit dedicated to reimagining the future of learning for people of all ages, addressing educational inequalities, and advancing next-generation learning experiences and platforms under the leadership of Harvard and MIT. In addition, this group will create methods and collaborations to help narrow the learning gap, drawing on insights acquired at Harvard, MIT, and other universities.
The acquisition will combine the distinct strengths and complementary skills of two leading players in online education. 2U is the preferred digital transformation partner for more than 80 of the world's leading universities, and the company expects to reach $1 billion in annual revenue by the end of 2021, while edX has built one of the world's strongest online education brands and largest global communities of learners. Over the last decade, 2U and edX have established mission-driven organizations based on the idea that online education and greater access to the world's finest nonprofit universities can transform lives and affect future generations. The combined scale, reach, capabilities, marketing efficiency, and relationships of 2U and edX will open up new possibilities to reach and serve more learners, universities, and businesses across the globe.
To maintain and promote the edX purpose, 2U intends to run edX as a public benefit entity, a kind of purpose-driven organization that balances the interests of shareholders with those of other stakeholders. 2U has committed to continuing to fulfill the edX mission by, among other things, ensuring affordability through the continuation of a free track to audit courses; protecting the intellectual property rights of faculty and universities that contribute massive open online courses, and ensuring that participating colleges and universities can continue to participate under their existing agreements with edX.
About 2U, Inc.
Removing the back row in higher education is more than a metaphor for our goal. 2U, Inc. is a global leader in education technology and has been a valued partner and brand steward of great universities for more than a decade. More than 500 educational programs, including undergraduate and graduate degrees, professional certifications, boot camps, and GetSmarter short courses, are designed, delivered, and supported by us. 2U, in collaboration with our partners, has positively impacted the lives of over 300,000 students and lifelong learners. Visit 2U.com for additional information. #NoBackRow
edX is the education movement for students. We've brought together over 39 million students, the majority of the world's top-ranked universities, and industry-leading companies on one online learning platform that supports learners at every level, in collaboration with our founding partners Harvard and MIT. And we're not stopping there; we're constantly pursuing our goal of a world where every learner has access to education to live a fulfilling life, regardless of cost or location.
businesswire | February 03, 2021
DreamBox Learning®, the K-8 advanced numerical organization that spearheaded Intelligent Adaptive Learning™ innovation, declared today that the South Carolina Department of Education (SCDE) has chosen DreamBox Learning Math to help instructing and getting the hang of during the COVID-19 pandemic and moderate understudy learning misfortune. The SCDE will offer DreamBox Learning Math through June 2022 to 21 areas arriving at in excess of 32,000 understudies in the most underserved networks in the state.
“We conducted an extensive evaluation of math solutions that could help our districts as we transition from emergency instruction towards ‘academic recovery,’ and DreamBox stood out as the only solution that is both proven to increase student achievement and able to provide actionable learning insights for our teachers,” said Dr. David Mathis, Deputy Superintendent at the SCDE. “DreamBox provides a prescriptive approach to help educators determine where students are in their learning, where they need to be, and a clear path to close that gap.”
Successful for face to face, half breed, or distant learning and accessible in both English and Spanish, DreamBox extraordinarily customizes the learning experience for every understudy through a drawing in and propelling climate that adjusts progressively inside and between math exercises dependent on how understudies are tackling issues. DreamBox likewise offers instructors intelligent expert advancement courses to learn best practices for utilizing DreamBox to show on the web or in the study hall in manners that meet understudies precisely where they are.
PowerSchool | February 19, 2022
PowerSchool, the leading provider of cloud-based software for K-12 education in North America, today announced that Plan Ceibal, Uruguay's ambitious 1-to-1 instruction program, has expanded its utilization of PowerSchool Unified Classroom® Schoology Learning as its primary learning management system to now serve 800,000 students countrywide. Through Schoology Learning, Plan Ceibal has seen improvements in creating more tailored curriculums, student-teacher collaboration, and facilitating instruction through blended learning environments.
“PowerSchool’s Schoology Learning has played a key part in helping Plan Ceibal's mission to ensure Uruguayan educators and students have access to education technology,” said Mauro Carballo, Manager of Educational Technologies, Plan Ceibal. “PowerSchool’s implementation team has been with us each step of the way for nearly a decade, and their passion toward providing intuitive software solutions for schools around the world is the reason we continue to invest in this reliable education technology platform.”
Since 2014, Plan Ceibal has utilized Schoology Learning to enhance regular instruction and student-teacher engagement, which has proven to be especially impactful throughout the COVID-19 pandemic. Despite the initial challenges schools around the world faced when quickly pivoting to online instruction in 2020, Plan Ceibal was prepared for the rapid shift thanks to Schoology Learning, which resulted in over 93% of students and 94% of teachers in Uruguay utilizing the platform that year. Since then, more than 800,000 students and 45,000 teachers within the Plan Ceibal program are now regular Schoology Learning users.
“Plan Ceibal’s utilization of Schoology Learning is a true example of the expanded capabilities school systems can benefit from by implementing this type of software into regular instruction. We’re proud to be long-time supporters of Plan Ceibal and their mission toward providing more technology access to Uruguayan students and educators. Plan Ceibal’s mission is a strong testament to the positive impact education can bring to communities around the world; we can’t wait to see what they do next.”
Maulik Datanwala, PowerSchool Chief Operating Officer
Founded in 2007, Plan Ceibal is a Uruguayan initiative dedicated toward creating more equitable solutions for students by supporting Uruguayan educational policies with technology. Since its implementation, the program has evolved to ensure every child who enters the public education system in any part of the country has access to a computer for personal use with free internet connection at school. Additionally, Plan Ceibal has grown to provide an expanded array of educational programs and resources for both Uruguayan educators and students, including training courses to enhance methods of teaching and learning.
PowerSchool is the leading provider of cloud-based software for K-12 education in North America. Its mission is to power the education ecosystem with unified technology that helps educators and students realize their full potential, in their way. PowerSchool connects students, teachers, administrators, and parents, with the shared goal of improving student outcomes. From the office to the classroom to the home, it helps schools and districts efficiently manage state reporting and related compliance, special education, finance, human resources, talent, registration, attendance, funding, learning, instruction, grading, assessments and analytics in one unified platform. PowerSchool supports over 45 million students globally and more than 13,000 customers, including over 90 of the top 100 districts by student enrollment in the United States, and sells solutions in over 90 countries.