The Next Edtech IPO Might Be This London-Based Language Learning Company

edsurge | January 23, 2020

Of all the education technology startups that could go public next, there’s one that’s likely not on your radar: Busuu, a London-based developer of a language-learning platform. But its co-founder and CEO, Bernhard Niesner, has started to make his case. Niesner claims the company is on track to hit $40 million in revenue in 2020. He says it broke even last year, has reached $14 million in gross bookings, and passed 100 million users at the start of the year with more than 200 corporate clients. And he believes Busuu still has plenty of room to grow in the international and corporate learning markets. “There are so many players out there—and a few emerging winners” in edtech, says Niesner, 40. “We are one of them.”

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Flexibility is the key to providing an equitable learning environment—one in which every student feels comfortable, valued and fully included in all aspects of learning. Discover how you can make this happen at your school or district today.

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Flexibility is the key to providing an equitable learning environment—one in which every student feels comfortable, valued and fully included in all aspects of learning. Discover how you can make this happen at your school or district today.

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EDUCATION TECHNOLOGY

LearningMate acquires JobReady.Me, creating a complete employment readiness platform for colleges and workforce agencies around the world

LearningMate | July 12, 2022

LearningMate, the leading technology and content solutions company supporting edtech companies, educational institutions, government, and workforce agencies around the world, today announced its acquisition of JobReady, an online platform delivering high-quality, affordable, relevant career pathways and credentials for the 21st century to a million job seekers and career shifters. In recent years, demand for new types of credentials has risen rapidly, and JobReady has helped workforce agencies, community colleges, and universities respond to this demand. The combination of the JobReady platform with LearningMate’s services and Frost's content management suite creates a powerful, end-to-end, lifelong learning and credentialing solution for workforce agencies and educational institutions to meet the fast-changing needs of employers and job-seekers across the world. “In the past 18 months, JobReady has issued thousands of job-aligned credentials and created learning pathways for hundreds of careers, empowering colleges, workforce programs and training organizations to rapidly configure and establish affordable options for job seekers,” said Bill Hughes, CEO and founder of JobReady. “By joining the LearningMate family, the team will have access to the resources and technology capabilities needed to support this rapid growth and meet the needs of job-seekers and employers everywhere.” “LearningMate and JobReady share a common vision for lifelong learning. I am excited to welcome JobReady customers and employees to the LearningMate family, JobReady customers will benefit from a world-class services team backed by one of the largest Edtech solutions companies in the world.” Samudra Sen, LearningMate’s CEO About LearningMate LearningMate is a Straive group company that focuses on the needs of next-generation learners. The company builds on a strong foundation of learning design with progressive technology, digital media, and engineering solutions to connect today’s learners, educators, administrators, policymakers, and content creators with the information, tools, and solutions they need to be successful. With six consulting offices in the United States, the United Kingdom, Canada, and India, LearningMate serves a global clientele of education publishers, traditional and non-traditional EdTech companies, K-20 schools, universities and career colleges, government agencies, non-profits, corporate learning departments, and education consortia. Learn more at http://www.learningmate.com. About JobReady JobReady is an adult-education and workforce development solution that connects learners to careers and provides affordable career skills training to individuals to improve their job readiness. Together with its partners JobReady offers a unique combination of a deep, career-fit assessment and curated career-aligned course collections from thousands of courses, enabling job seekers to follow upskilling pathways that lead to jobs and promotions. Initial pathways include cybersecurity, data science, project management, IT and networking, software development, skilled trades, manufacturing, project management, business skills, leadership, and certifications.

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ONLINE EDUCATION

SU Prep Digital Teams Up With Google Public Sector to Develop Streaming Educational Curriculum With Universal Access

ASU Prep Digital | July 19, 2022

ASU Prep Digital, an accredited online K-12 school offered through Arizona State University, has partnered with Google Public Sector, to make remote immersive learning technology more accessible to students across the United States and around the world. ASU Prep Learning Cloud is a streaming solution that empowers schools to deliver innovative and interactive 3D learning experiences to students using low-bandwidth devices. The technology was developed on and is powered by Google Cloud.This new platform invites students to solve challenges by immersing themselves in interactive settings made possible by technology. For example, students can watch geologic formations emerge through simulations rather than reading about it in a textbook. Students can also explore human organs in 3D or examine a plastic mannequin. This brings topics like erosion, hydrolysis, and human anatomy to life. To successfully complete a lesson, students must think critically about the concept, explore it, and learn through discovery. Real-time, instructive feedback also helps contribute to a more individualized learning experience. “We’re turning students into explorers by embedding learning into the digital formats that students love, We spark curiosity by asking students to navigate 3D worlds, hypothesize, and discover knowledge by manipulating game-like simulations to solve real-world problems.” -David Sudarma, ASU Prep’s chief technology officer Advancing Accessibility The ASU Prep Learning Cloud represents an important step toward accessibility for students in rural areas, with limited broadband access, and districts where limited technology funding makes it difficult to deliver cutting-edge learning opportunities. This immersive cloud-based education technology can be experienced from mobile devices or Chromebooks, increasing accessibility for all learners, anytime, anywhere. Removing those barriers is especially important for a program like ASU Digital Prep, which can be instrumental in bridging gaps for districts where resources are slim. ASU Prep Digital has allowed us to partner and advance educational opportunities for thousands of K-12 students who might not have otherwise had access to the courses, credits, mentors, and teachers we offer, said Arizona State University President Michael Crow, who is widely known as a pioneer of online education. Crow’s vision has created a tech-enhanced learning environment across ASU, inclusive of pre-collegiate students via ASU Prep Digital. A key element of that vision is expanded opportunities in online education, which offers a path to higher education for students who are otherwise hindered from pursuing their education goals. In addition to its rapidly expanding K-12 enrollment, ASU Prep Digital’s School Partnerships continue to grow. The program supports entire school districts in states like Utah, Louisiana and Ohio, as well as schools in 22 states and 12 countries. Powerhouse Partnerships In addition to the full- and part-time students who enroll directly with ASU Prep Digital, the school also teams with private schools, public schools, and districts worldwide to offer a K-12 curriculum and one-on-one instruction in a virtual environment. The program’s latest suite of courses, which will be available this fall to partner schools via the ASU Prep Learning Cloud, powered by Google Cloud, can be used in compliance with Family Educational Rights and Privacy Act (FERPA). As pioneers in their respective industries, ASU Prep Digital and Google Public Sector worked to develop the platform, which is based on game engine technology. The ASU Prep Learning Cloud features responsive design optimized for the most commonly used devices (e.g., Chromebooks, mobile phones) using Web Content Accessibility Guidelines (WCAG). “Our partnership with ASU Prep Digital has the ability to unlock new and innovative academic opportunities for learners across the country, We’re unleashing the power of Google Cloud to help make individualized, digital, and interactive learning the new standard in education.” -Steven Butschi, director of Education, Google Public Sector Courses integrate seamlessly into existing learning management systems, while supporting robust interactive features that personalize learning. The platform currently supports ASU Prep Digital partner schools, but in the future, could be rolled out to other educational institutions. As immersive technologies become more widely adapted in education, 3D learning environments such as augmented reality and virtual reality offer great potential for engagement and retention, Our collaboration with Google Public Sector is a terrific first step in expanding access to immersive solutions across many devices, and we’re working together to explore ways immersive technologies can be made even more universally available to eager learners. To preview a snapshot of ASU Prep Learning Cloud courses, visit: https://vimeo.com/623494408 or take a deeper look at the immersive platform here: https://vimeo.com/689344144/795e785a7c About ASU Prep Digital ASU Prep Digital is an accredited online K-12 school that offers a single online course or enrollment in a full-time, diploma-granting program. Because it is part of Arizona State University, ASU Prep Digital offers an accelerated path toward college admission and the chance to earn concurrent high school and university credit. For more information, visit asuprepdigital.org.

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EDUCATION TECHNOLOGY

Zovio Announces Agreement to Divest OPM Business to University of Arizona Global Campus

Zovio | August 02, 2022

An education technology services company that partners with higher education institutions and employers, announced today that it has closed on an agreement to transition its online program management (OPM) business to the University of Arizona Global Campus (UAGC). Over the past six months, Zovio has taken steps to implement a process designed to unlock shareholder value by rightsizing the company, accelerating growth of subsidiaries and exploring strategic alternatives, which included the potential divestiture of all three of its businesses. In May 2022, Zovio completed the sale of TutorMe, for $55 million and used a portion of the proceeds to repay bridge financing. This left the company debt free and allowed Zovio to satisfy obligations stemming from a decision of the Superior Court of California while the company appeals the decision. Continuing to execute on its strategic alternatives process, Zovio and UAGC negotiated, signed and closed on an asset purchase agreement with an effective date of July 31, 2022, after receiving approval from their respective Boards of Directors. Under the asset purchase agreement, UAGC is acquiring Zovio's operations and assets that previously provided services to UAGC through a long-term Strategic Services Agreement. "Zovio has been at the forefront of providing innovative online learning products and services for almost two decades, We are pleased to have reached this agreement with UAGC and are excited about their future," - Zovio Chief Executive Officer, Randy Hendricks. Zovio will continue to support the continued growth and expansion of Fullstack Academy and simultaneously explore strategic alternatives for that business. About Zovio Zovio (Nasdaq: ZVO) is an education technology services company that partners with higher education institutions and employers to deliver innovative, personalized solutions to help learners and leaders achieve their aspirations. The Zovio network, including Fullstack Academy, leverages its core strengths to solve priority market needs through education technology services. Using proprietary advanced data analytics, Zovio identifies the most meaningful ways to enhance the learner experience and deliver strong outcomes for higher education institutions, employers, and learners. Zovio's purpose is to help everyone be in a class of their own. For more information, visit www.zovio.com.

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