Intellum | July 29, 2022
Intellum, the leader in EdTech for Business, today announced Community, the third component in the Intellum social learning suite and the first in-platform community experience built specifically for corporate education initiatives.
Intellum offers all of the features and functionality associated with an LMS and an LXP and is the only education solution to include content authoring, live event management, and social learning in a single platform. The introduction of Community rounds out Intellum's social learning suite, which also includes group activity streams and both one-to-one and group chat to help organizations engage and educate users through social learning.
Social learning research shows that employees learn largely through observing and imitating the behavior modeled by experienced and successful co-workers and peers. Intellum's new Community offering provides learners with a dedicated space to search for answers, identify experts, and demonstrate their own expertise by asking and responding to questions and voting on the answers associated with concepts and topics of interest.
This empowers learners to do two distinct things: quickly and easily find "just-in-time" answers to pressing questions and author "user-generated content" that is meaningful and increases the learner's visibility among her/his peers.
Because Community lives within the Intellum Platform as part of the broader social experience, administrators can easily embed communities directly into learning initiatives, encouraging users to present questions to a specific group of peers while consuming the curriculum. This presents a compelling reason for learners to stay engaged and to come back to the learning environment more frequently.
"We have been helping clients drive significant learner engagement for years by allowing users to comment on learning content and support each other through cohort-focused activity streams and group chat experiences. But over time we recognized that something was missing. "Social experiences can be fleeting. Clients need to capture their learners' questions and answers in a way that provides long-term value to the education initiative, so we decided to build our own Q&A community into the platform. By integrating formalized curriculum, informal learning, live events and social learning, we make the whole much more valuable than the pieces."
Chip Ramsey, CEO of Intellum
Intellum has a rich history of facilitating social learning. In 2009, the company created Tribe Social (now known as Intellum Social), the first social collaboration tool purpose-built for education. Intellum Social has evolved to include three core social learning components:
Groups are modern vertical activity streams that encourage learners to share links, videos, images, files, and polls to kickstart conversation, collaboration, and engagement with educational content.
Chat allows users to engage in 1:1 or group chats and can be embedded into any experience on the platform, including live events like instructor-led training and Webinars to drive real-time user engagement.
Community gives learners a dedicated space to search for answers, identify experts, and demonstrate their own expertise by asking and responding to questions and voting on the answers associated with concepts and topics they are interested in.
When utilized together, the three components in the Intellum Social suite provide organizations with everything needed to introduce, improve and capitalize on the science of social learning.
Intellum provides the #1 customer, partner, and employee education platform that large brands and fast-moving companies rely on to engage audiences and improve product knowledge, utilization, retention, and revenue. Intellum's scientific, data-driven approach is based on 20+ years of industry experience and the Intellum Platform includes all of the tools an organization needs to create, deploy, manage, track, and continuously improve highly personalized, engaging educational experiences.
Coursera | August 22, 2022
Woxsen University announces Extended-Partnership with Coursera, one of the world's largest online learning platforms, to integrate skill-based online learning programs into its curricula across the schools of Business, Technology and Design. This will build critical and new-age skills in students to stand-out in a fast-pacing world. During the first year of its partnership with Woxsen, Coursera for Campus content has delivered robust results with Aided Projects & Add-on Certifications. Learners have clocked more than 12600+ hours of learning and enrolled over 5000+ certifications in areas of Data Analytics, Business Strategy, Fashion Design, HR Analytics, etc. The top courses our students have taken includes- Introduction to Data Analytics, Financial Markets, Corporate Strategy, Innovation Through Design, Models and Frameworks to Support Sales Planning among others. "The collaboration between Woxsen University & Coursera has produced multi-dimensional synergy for mutual success. Coursera provides access to quality content delivered by acclaimed professors from the Top Global Universities, which blends seamlessly with our curriculum design across programs. We are diligently using the same to benefit every layer of Woxsen's community of learners i.e. students, faculty & even rest of the staff," says Vishal Khurma, CEO, Woxsen University. "Woxsen University considers E-learning an essential element in the lifelong process of learners. When it comes to E-learning, quality content means everything, and Coursera certainly aligns with the institutional expectations," says Dr. Raul. V. Rodriguez, Vice President, Woxsen University.
"Institutions in India are looking at new approaches and leveraging platforms like Coursera for Campus to give their students an edge in the job market, Coursera. "We are delighted to strengthen our partnership with Woxsen University to help their students develop new-age skills and prepare for the well-paying jobs of the future. It's also exciting to now enable faculty upskilling at the university, empowering them to provide distinguished education that keeps pace with the needs of the digital economy."
Raghav Gupta, Managing Director, India and APAC, Coursera.
About Woxsen University, Hyderabad: Woxsen University, located in Hyderabad, is one of the first private universities of the state of Telangana, India. Renowned for its 200-acre state-of-the-art campus and infrastructure, Woxsen University offers new-age, disruptive programs in the fields of Business, Technology, Arts & Design, Architecture, Law, Liberal Arts & Humanities. With 92+ Global Partner Universities and Strong Industry Connect, Woxsen is reckoned as one of the top universities for Academic Excellence and Global Edge. Woxsen is Ranked #13, All India Top 150 B-Schools by Times B-School Ranking 2022, Rank #16, All India Top Pvt. B-School, BusinessWorld 2021 and features in India's Best B-Schools beyond IIMs by Dalal Street Investment Journal.
Coursera was launched in 2012 by two Stanford Computer Science professors, Andrew Ng and Daphne Koller, with a mission to provide universal access to world-class learning. It is now one of the largest online learning platforms in the world, with more than 100 million registered learners. Coursera partners with 275+ leading university and industry partners to offer a broad catalog of content and credentials, including courses, Specializations, Professional Certificates, Guided Projects, and bachelor's and master's degrees. Institutions around the world use Coursera to upskill and reskill their employees, citizens, and students in fields such as data science, technology, and business. Coursera became a B Corp in February 2021.
Flywire | July 14, 2022
Today, Flywire Corporation , a global payments enablement and software company, announced that it has completed the acquisition of Cohort Go, an international education payments provider that brings additional students, agents and essential student services to Flywire. The acquisition will build on Flywire’s existing education business to accelerate the growth of its agent focus and team, deepen its commitment to product and payment innovation, and further invest in Asia-Pacific (APAC), a key geographic focus for Flywire.
Cohort Go’s core focus is on providing international students with the ability to make cross-border tuition payments through international agents. Cohort Go’s agent platform is expected to bolster Flywire’s existing agent solutions to deliver even greater value to educational institutions, agents, and students. Additionally, with partner relationships in almost 40 geographies, Cohort Go’s global footprint and penetration in APAC and Latin America also present new growth and expansion opportunities for Flywire.
“Recruiting agencies play a critical role in the international student journey by assisting students in finding placements in higher educational and other institutions. “Cohort Go has been prominent in this space, with a network of over 1,000 agent partnerships, including some of the most prestigious student recruitment agencies in the world.”
Mike Massaro, CEO of Flywire
Massaro continued: “As we continue to invest in our Flywire Advantage – the combination of our next-gen payments platform, proprietary global payment network and industry-specific software – we seek opportunities to embed deeper into the workflows of our clients, agents and payers, with the goal of driving more value for them. Cohort Go’s successful agent platform, global footprint and adjacent services complement our existing capabilities and will help us power the higher education ecosystem into the future.”
Growth in international student recruitment indicates strong secular trend
Recent research suggests that the international education industry is poised for significant growth. According to new data from the market intelligence firm HolonIQ, 8 million international students will be enrolled with foreign higher education institutions by 2030 – 3 million more than were abroad in 2019 – and that their total spending will amount to more than double what it was before the pandemic.
As the demand for higher education accelerates, education agents are expected to play a critical role in international recruitment. Estimates from the international education consultancy, ICEF, suggest that more than 1 million students are placed through agents around the world, and rising. According to a 2021 report from the American International Recruitment Council and the National Association for College Admission Counseling, nearly half (49%) of U.S. colleges who responded were partnered with education agents, which is up from 36% of U.S. in 2017-2018. Agent growth is also on the rise in other popular higher education destination markets like Canada, whose international student population has grown sixfold over the past two decades.
Cohort Go was founded in 2012 by industry experts Mark Fletcher and Paul Jones, who combined their respective expertise in banking and commercial software to enable students to pay for their international education using their local currency, saving on fees and transfer rates. Grounded in their aligned vision to deliver value to the broader education ecosystems, the founders continually sought ways to work with education agents, institutions and students alike, and evolved their single solution into an online platform that offers a tailored experience, with capabilities to reduce costs, increase choice and improve productivity.
Today, Cohort Go partners with more than 1,000 agents globally. Students from more than 180 countries have leveraged Cohort Go, which services more than 60 currencies with local specialists all over the world. The integration of Cohort Go into Flywire’s existing agent platform will enable Flywire to provide even more value to agents, payers, and educational institutions.
Combination of software and payments powers future vertical ecosystems
Cohort Go’s strong regional focus in APAC, global agent relationships, and its existing payment infrastructure will help Flywire bolster its global payment network. Cohort Go’s relationships with payment partners all over the world will add to Flywire’s network of partners, further supporting Flywire’s clients and payers across all vertical industries.
Additionally, the acquisition of Cohort Go also enhances Flywire’s ability to accelerate Flywire’s roadmap to enable a broader suite of financial services targeted to international students and other payers. Already, Cohort Go is improving the way students pay for and save on health insurance, which augments Flywire’s focus on adding more value through its payer services.
“Working with our clients on delivering high-stakes, high-value tuition payments, we’ve continued to discover pain points in the education ecosystem that we believe we’re uniquely positioned to solve,” Massaro continued. “Cohort Go gives us an opportunity to accelerate the investment we have been making to further extend our value proposition to international students. With our Flywire Advantage, we can apply our existing framework of using software to drive value in payments to solve very specific use cases.”
Complements strong organic growth
The acquisition of Cohort Go is a continuation of Flywire’s long-term plan to supplement its strong organic growth and continually expand across all business lines. The acquisition is expected to be modestly accretive to revenue and Adjusted EBITDA. More details will be shared on the upcoming earnings call scheduled for August 9, 2022.
Flywire is a global payments enablement and software company. We combine our proprietary global payments network, next-gen payments platform and vertical-specific software to deliver the most important and complex payments for our clients and their customers.
Flywire leverages its vertical-specific software and payments technology to deeply embed within the existing A/R workflows for its clients across the education, healthcare and travel vertical markets, as well as in key B2B industries. Flywire also integrates with leading ERP systems, such as NetSuite, so organizations can optimize the payment experience for their customers while eliminating operational challenges.