CORPORATE EDUCATION AND TRAINING
Codecademy | October 22, 2021
Codecademy, the leading online learning platform for technical skills, today announced the launch of Teams+, its newest B2B offering that helps organizations optimize their technical training programs for better onboarding, upskilling, and retention of talent. Utilizing Codecademy's library of technical content and interactive learning features, Teams+ allows companies to customize and curate Codecademy curriculum to meet the specific needs of their employees, resulting in a robust, tailored training experience.
The release of Teams+ comes at a time when employee turnover is at a record high, with technical training offering a potential solution. According to a recent survey of over 100 tech leaders, Codecademy found that:
67% of respondents reported a decrease in retention in the past year
79% of respondents report that the decrease in retention is hurting team morale
Of the 73% of organizations developing plans to combat turnover, 59% are incorporating technical training into their retention strategies
"Employees are retained when they are properly onboarded, given the opportunities to learn and grow from within, and eventually promoted -- all of which can be accomplished through technical training. Organizations need to invest in training programs that address the entire employee lifecycle, otherwise they will fall behind when it comes to attracting and retaining talent, as well as keeping their teams' skills up to date."
Jonathan Naymark, General Manager of Codecademy for Business
Teams+ empowers organizations to develop a custom technical training program that meets the multifaceted needs of their employees, no matter where they are in their careers. Leveraging Codecademy's interactive learning platform and extensive catalog of technical courses, Teams+ introduces a suite of new features including:
Customizable curriculum. Organizations can build their own custom curriculum by picking and choosing from Codecademy's ready-to-use courses and skill paths, as well as developing their own quizzes, articles, and assessments, to reflect what's most relevant to their teams.
Management of multiple training programs. Managers can group learners by team, department, level, or subject area, and assign course content that meets their specific learning goals. Team members can also collaborate on coding projects in real-time via private, shareable workspaces.
Ability to track ROI on training. Organizations gain full visibility into how individuals and groups are progressing and performing with their assigned content, helping them keep track of how well they are hitting their training goals.
Teams+ signifies the growth of Codecademy's B2B footprint since Codecademy for Business launched in 2019. Codecademy for Business has doubled its revenue in 2021, and has been used by over 850 customers including IBM, The Guardian, Tucows, The Motley Fool, Paradox, Mixpanel, and the Institute of Health Metrics and Evaluation.
"Codecademy has helped us move away from reinventing the wheel. We've built custom curriculum around their existing modules for onboarding and upskilling and have even recently opened it up to more employees as a professional development opportunity," said Sean Lassiter, Senior Learning Manager at the Institute of Health Metrics and Evaluation.
Codecademy is the leading online learning platform for technical skills, empowering over 50 million people worldwide to lead inspiring careers in technology. Codecademy's innovative, scalable approach to coding education makes it possible for anyone to master the skills needed to succeed in today's tech-powered society. In addition to helping individuals, Codecademy for Business supports companies like IBM, Dailymotion, and Reverb as they train and upskill their teams for the future. Codecademy has also worked with The White House and government partners in the UK, Brazil, and Argentina to make technology education accessible for all. Headquartered in New York City, Codecademy has raised $82.5M from investors including Owl Ventures, Prosus, Union Square Ventures, Kleiner Perkins, Index Ventures, and Y Combinator.
Questionmark | September 08, 2021
New technologies are making workplace training more efficient, accessible and relevant than ever. Though social distancing measures are easing, employers should continue to invest in online learning to equip teams with the modern skills they need, says online assessment provider, Questionmark.
Many employers shifted training online when it became impossible to deliver face-to-face programs. And 18 months later, senior leaders have noted several benefits which make the case not to go back.
Efficiency – online learning cuts out travel time and can speed up delivery.
Personal relevance – online learning programs do not depend on a critical mass of employees coming together in one physical location. It is easier to tailor content to the needs of an individual.
Frequency and agility – the business environment is constantly shifting. Modular, bite-sized training is often more effective at equipping workers with the modern skills they need. Online training is easier to deliver in small, more regular chunks.
Flexibility – because participants do not need to travel to one place, people can log on at a time that suits their working pattern.
Cost and convenience – there are no time or travel costs, so workers don’t need to down tools while they travel to and from a physical center. Of course, this also saves on the environmental impact of such travel.
John Kleeman, Founder of Questionmark said: “Online training has emerged as a more effective way of upskilling team members and ensuring training is relevant to their constantly-evolving needs. It is essential that during and after the training, leaders test that people have learned what they should.”
By testing participants during and after the training, employers can be confident that it’s worked. Where participants are failing to grasp the subject matter, managers can provide additional support. By testing skills and knowledge before the training, leaders can make an informed call on which team members actually need it. Assessments can reveal individual areas of strength and weakness and ensure training is more tailored.
Questionmark provides a secure enterprise-grade assessment platform and professional services to leading organizations around the world, delivered with care and unequalled expertise. Its full-service online assessment tool and professional services help customers to improve their performance and meet their compliance requirements. Questionmark enables organizations to unlock their potential by delivering assessments which are valid, reliable, fair and defensible.
Questionmark offers secure powerful integration with other LMS, LRS and proctoring services making it easy to bring everything together in one place. Questionmark's cloud-based assessment management platform offers rapid deployment, scalability for high-volume test delivery, 24/7 support, and the peace-of-mind of secure, audited U.S., Australian and European-based data centers.
Texthelp | January 11, 2022
Texthelp, a global leader in literacy and accessibility technology, today announced that they will acquire the Education Technology Division of Don Johnston Inc., a leading assistive technology and special education curriculum company based outside of Chicago, IL. Don Johnston Inc. is the latest Assistive Technology provider to join the Texthelp Group. Following Five Arrows' investment in December 2020, Texthelp acquired Lingit Group and Wizkids in 2021, expanding the company's reach in the Nordics and the UK. Texthelp's goal is to use its assistive technology to help 1 billion people with reading, writing, and numeracy by 2030. Together with Don Johnston Inc.'s leading SaaS-based products, the Texthelp Group will become the global leader in assistive technology tools for classrooms and workplaces. The terms of the deal were not disclosed.
One in ten people have dyslexia, and in the US, 12% of students are in special education, 15% of children at school are learning their 2nd language, and the average reading age is 7th to 8th grade. Using assistive tools has been proven to help students overcome these barriers and harness their unique strengths. Both Texthelp and Don Johnston Inc. have made it their mission to support equality and inclusion of all people, especially individuals with dyslexia and other learning needs. Together, Texthelp and Don Johnston Inc. will continue to offer their full suite of products, and customers will see the benefit of collaborative technology innovation between the companies within the first few weeks. Don Johnston Inc.'s curriculum division will form a new company, named Building Wings™, which includes the products Readtopia® and First Author®.
"Texthelp and Don Johnston Inc. share a common vision of a world where every student can feel what it is like to learn and succeed. Don and I founded our organizations for deeply personal reasons. We have an incredibly similar mission to elevate as many students as possible, helping them both understand and be understood. We are so excited to have Don Johnston Inc. join the Texthelp Group, and to have Don as an investor and board member. Our combined teams and expanded portfolio of products will allow us to give millions more students in the US and across the globe the best possible start in life and help them fulfill their full potential. Along with the Don Johnston team, we will continue to innovate and develop our suite of products to create the best assistive technology tools available."
Martin McKay, CEO and founder of Texthelp
For more than 40 years, Don Johnston Inc. has developed technology tools and curriculum that have helped students and educators build literacy skills. The company's support and accessible technology is designed to accommodate children and adults with special needs and learning disabilities. Since its inception, Don Johnston Inc. has helped over 32,000 schools through technologies, implementation, and personal connections.
"Don Johnston Inc. and Texthelp have worked in parallel in the edtech sector for decades. We share so many commonalities," said Don Johnston, CEO of Don Johnston Inc. "Fundamentally, we are both unified by a mission to help as many students as possible learn and succeed. I strongly believe that together we can achieve more, and I am excited to see what the future holds. My new role on the board of the Texthelp Group will allow me to continue to drive forward our shared vision. This is also an opportunity for our curriculum tools to forge their own path as a new organization, Building Wings. I am passionate about the role curriculum has to play in helping students, and I will maintain a leadership position with Building Wings as CEO."
Texthelp and Don Johnston Inc. will work together to expand product innovation and help many more people fulfill their potential, beginning in classrooms and extending through to the workplace. The two organizations will combine their teams and products to create the best technology available to students, educators, and employees. Texthelp will add Don Johnston's Snap&Read™, Co:Writer®, Word Bank™, Quizbot® and uPAR™ tools to its suite of products and all employees of Don Johnston's Education Technology Division will become Texthelp employees.
Founded in 1996, the Texthelp Group is a global technology company. On a daily basis, it helps people all over the world to understand and to be understood. For the last three decades, it has led the way in creating innovative education and workplace technology. Texthelp believes in a world where difference, disability, or language are no longer barriers. It is focused on helping all people learn, understand, and communicate through the use of digital literacy and accessibility software. With over 50 million users worldwide, the Texthelp suite of products includes Read&Write, EquatIO®, WriQ®, Fluency Tutor®, ReachDeck®, and SpeechStream®. These tools work alongside existing platforms such as Microsoft Office and G-suite. This allows for its products to be quickly integrated into any classroom or workplace with ease. Visit www.texthelp.com for more information.
About Don Johnston Inc.
Since 1980, Don Johnston Inc. has been a staple of the accessibility community, partnering with literacy experts, AT specialists, SLPs, OTs, and special education directors to develop popular assistive and evaluative tools including Co:Writer®, Snap&Read™, uPAR®, Word Bank™ and Quizbot®. Students across North America with dyslexia, autism, dysgraphia, and other diverse learning challenges rely on Don Johnston Inc. assistive tools every day to accommodate their learning needs in schools and at home. Education isn't the end of the transformation, it's only the beginning. Don Johnston Inc. tools open up possibilities right through the education journey and into the workplace. Visit https://learningtools.donjohnston.com/ for more information.
About Five Arrows
Five Arrows Principal Investments (FAPI) and Five Arrows Capital Partners (FACP) (together, "Five Arrows") are the European and US corporate private equity arms, respectively, of Rothschild & Co's Merchant Banking business. Five Arrows is focused on investing in middle-market companies with highly defensible market positions; strong management teams; business models with high visibility of organic unit volume growth and strong free cash flow conversion; and multiple operational levers that can be used to unlock latent value. The sector focus at Five Arrows is limited to healthcare, data & software and technology-enabled business services.