DeepHow | January 04, 2023
UL Solutions recently announced selecting DeepHow's AI-powered video-based training platform to enhance and add a robust capability to the renowned compliance training learning management system (LMS), ComplianceWire, for life sciences companies.
All organizations in the life sciences need to provide their employees and contractors with mechanisms for continual skill development and competency management. UL Solutions' ComplianceWire is a platform that manages, tracks, and delivers qualifications and task-based technical capabilities in an environment driven by compliance. UL Solutions provides a comprehensive library of over 400 life sciences-specific courses, 110 of which were developed in collaboration with the FDA.
With the integration of DeepHow's video-based skills collection and delivery capabilities into ComplianceWire, UL Solutions' life sciences customers can now optimize their training delivery with captivating videos. DeepHow empowers training content managers to collect instructional content using a smartphone and turn it into engaging and impactful videos that enhance training delivery.
DeepHow integrates the most recent developments in artificial intelligence, computer vision, natural language processing, and knowledge mapping to transform the way in which knowledge is digitized, captured, and structured. The company has developed and distributes an AI-powered workforce readiness platform for workplaces where capabilities are required to conduct standard operational procedures. The company makes it easier to gather and share technical skills and knowledge, which cuts project time by a factor of ten, improves employee performance by 25%, and cuts overall training and development costs by a large amount.
About UL Solutions
UL Solutions, a world leader in applied safety science, converts sustainability, safety, and security concerns into opportunities for customers in over 100 countries. UL Solutions provides inspection, testing, and certification services, in addition to software solutions and consultancy services, to support business growth and product development. The UL Certification Marks represent an unrelenting commitment to improving the safety mission and serve as a recognized symbol of confidence in the customers' products. The company assists customers in innovating, introducing new products and services, navigating global marketplaces and intricate supply chains, and growing sustainably and ethically for the future.
DeepHow was founded in 2018 by a group of researchers and engineers who used to work at Siemens. They saw an unmet need in the skilled trades market to transfer knowledge. They created a platform for capturing and learning from video-based knowledge that is powered by AI and fills the skills gap in the manufacturing, construction, and service industries. DeepHow makes it easier to capture knowledge by using AI workflow indexing and segmentation.
Spear Education | December 20, 2022
Avista Capital Partners ("Avista"), a leading private equity firm focused exclusively on healthcare, today announced its acquisition of Spear Education ("Spear" or the "Company"), a tech-enabled provider of digital and in-person clinical training, practice analytics and consulting solutions for the dental market. Transaction terms were not disclosed. Headquartered in Scottsdale, AZ, Spear is the industry's leading dental education provider. Spear offers unmatched breadth of content including 5,000+ on-demand videos, 300+ hands on workshops annually, and 100+ study club modules. Spear's solutions enable dentists to learn higher acuity skills and generate new revenue streams, providing a high ROI to dental practices and practitioners across the spectrum of experience. Avista Partner Sriram Venkatraman, said: "Avista sees Spear as a compelling investment opportunity given its industry leadership, demonstrated growth potential and diversified business model. We look forward to leveraging our deep experience in the healthcare technology sector and dental end-market to help accelerate Spear's growth trajectory.
"Spear has achieved robust growth over the last several years, with increases in membership and the expansion of our digital content. We are well positioned to capitalize on the tremendous opportunities ahead, against the backdrop of an accelerating industry. We are thrilled to have Avista as a partner as we pursue a multi-lever expansion strategy that will result in compelling benefits for our customers, employees and the entire dental industry."
CEO of Spear Education Kaleim Manji,
Steve Schiess, an Avista Strategic Executive with over 30 years of experience in the dental industry, most recently as the CEO of Zest Dental Solutions, a former Avista portfolio company, added, "Spear offers dentists a tremendous value proposition. Spear's education and training courses enable dentists to learn new skills that drive the retention of procedures in-house which, in turn, delivers a high return on their Spear investment. We believe there are multiple opportunities to accelerate both the dental practices' and Spear's growth. Wilkie Farr & Gallagher LLP acted as legal advisor and William Blair acted as financial advisor to Avista.
About Spear Education
Spear Education is dentistry's premier source for continuing education. The company serves dentists of all clinical skill levels and transforms practices and the lives of patients by offering physical hands-on courses, extensive peer-to-peer regional learning, and comprehensive online educational tools. For more information, go to www.speareducation.com.
About Avista Capital Partners
Founded in 2005, Avista Capital is a leading New York-based private equity firm with over $8 billion invested in more than 40 growth-oriented healthcare businesses globally. Avista partners with businesses that feature strong management teams, stable cash flows and robust growth prospects – investing in the medical devices, pharmaceuticals, outsourced pharmaceutical services, healthcare technology, healthcare distribution and diagnostics, and consumer healthcare sectors. Avista's Strategic Executives and Advisors are an integral part of the team, providing strategic insight, operational oversight and senior counsel, which helps drive growth and performance, while fostering sustainable businesses and creating long-term value for all stakeholders.
amazon | November 09, 2022
Amazon and Yousician, the world's leading music education service, are collaborating to help inspire the next generation of musicians. Beginning October 24th, consumers who purchase a qualifying musical instrument in Amazon stores will receive as an added gift-with-purchase, 30-days free access to Yousician Premium+, making it easy for any beginner to get started learning an instrument. Yousician has set a new standard in music education with its gamified approach to learning how to play an instrument. Its platform offers thousands of interactive guitar, bass, piano, ukulele, and singing lessons to quickly learn to play your favorite songs from hundreds of artists across all musical spectrums: from Coldplay and Adele to Billie Eilish, Metallica, and many more. Amazon, whose Amazon's Alexa Fund invested in Yousician's $28 million Series B fund in April 2021, is collaborating for the first time with Yousician to create this special bundle. Yousician always offers new users the option to receive a 7-day free subscription, but with this collaboration, they will receive 30-days free. This is the first time Yousician has collaborated with another company for a consumer product bundle.
Yousician's approach to music education uses innovative audio recognition technology that differentiates the platform from its competitors. The audio feature listens to the user play and provides real-time feedback. The gamified experience is that of an on-demand music school with world-class instructors at the helm to guide interactive learning for users at any level.
"Through our collaboration with Amazon, we make it very easy for people to begin their musical hobby. Get the instrument delivered to your home, download the Yousician app and start playing. It's that simple. Customers trust Amazon's seamless retail experience, and millions trust Yousician to learn how to play an instrument. We're looking forward to being able to offer Yousician to Amazon customers and help them kickstart their musical journey."
Chris Thür, Co-founder and CEO of Yousician
Yousician recently partnered with Metallica, the multi-Grammy Award-winning and Rock & Roll Hall of Fame band, to create 3 beginner-friendly courses with step-by-step tutorials directly from the band so users could learn the songs the way they're meant to be played directly from the band themselves. Amazon customers will receive a special code with their qualifying instrument purchase that gives them 30-days free access on Yousician Premium+. Premium+ access on Yousician includes unlimited lessons and thousands of songs to learn from. No credit card is required to redeem the offer. The promotion will kick off October 24th and run in the United States for a 1 year period.
Yousician is the world's leading platform for learning and playing music, driven by the belief that the more people play music, the better this world will be. With a combined 20 million monthly users, the platform's groundbreaking products, Yousician and GuitarTuna, are the leaders in their field. Yousician has revolutionized how people learn and play music with innovative technology that gives players real-time feedback. It offers interactive learning for guitar, bass, ukulele, piano and singing with lessons, exercises and songs.