CORPORATE LEARNING SYSTEMS
PRnewswire | April 04, 2023
Spark Education Group ("Spark"), one of the world's largest provider of small-group online classes for K-12 education, is celebrating 5 years since its first online class in March 2018. With its award-winning programs such as Spark Math, the edtech has served over 650,000 students in more than 100 countries and regions.
Since its inception, Spark Education has focused on prioritizing students' learning experience for optimal education outcomes. Its team of over 1,000 curriculum researchers and designers use research-based, proven teaching methods, focusing on building a strong foundation with deep understanding rather than memorization. The company's investments in interactive technology to create proprietary systems and courseware ensure students are engaged and able to connect in real-time with teachers and peers. Taking a collaborative approach with pedagogy experts, curriculum designers, child psychologists, engineers, and designers, Spark has set out to challenge traditional classrooms and ways of learning, to re-imagine what the optimal learning experience could be for kids. This has resulted in improved academic performance and strong problem-solving skills in Spark's students. Parents have been strong supporters of Spark's programs with about up to 80% annual renewal rate and about 77% of new students coming from current student referrals in some regions.
The launch of the Canadian Spark Education Learning Center coincides with Spark's 5th anniversary. With a student-centric education philosophy, the center will offer fun and engaging classes including math, language learning, problem solving and more. Lessons are designed to empower students to learn, visualize, and connect real-life experiences to classroom content.
"We are extremely proud to launch Spark's first learning center in Vancouver, which has already attracted not only local families but also those who drive from further afield," said Susan Pan, Head of Canada Spark Education Learning Center. "We firmly believe that our interactive learning experience will make learning math and languages more fun and effective for Canadian students, and we look forward to continuing to expand our physical locations to increase our impact."
The center provides an opportunity for students and parents to see and interact with the Spark Education experience, talk with its teachers, and maybe even meet some of the main characters from their class adventures, all in a welcoming and educational space. This marks another step in the edtech's mission to spark passion for learning, igniting lifelong growth.
About Spark Education Group
Founded in 2017, Spark Education Group is headquartered in Singapore. Its portfolio of education brands aims to combine research-based pedagogy with technology to improve the learning experience and education outcomes for students around the world. It was recently awarded "Best Interactive Learning Experience" at EdTech Asia, and recognized as a Parent and Teacher Choice Award Gold Medal Recipient.
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TALENT DEVELOPMENT
Businesswire | May 11, 2023
PowerSchool ,the leading provider of cloud-based software for K-12 education in North America, announced the Puerto Rico Department of Education (PRDE) has selected PowerSchool Student Information System (SIS), as part of a tailored suite of solutions that also includes Ecollect Forms, as a critical component of PRDE’s efforts to modernize their legacy SIS across the entire territory.
“The incorporation of platforms such as PowerSchool will be a great step forward for our Department of Education,” said Eliezer Ramos Parés, Puerto Rico Secretary of Education. “It will be an efficient way to have visibility into issues related to our schools and the performance of our students. At the same time, it brings us closer to the school communities, giving parents and guardians access to data that will be of benefit to helping their children in matters related to school performance. It is a very helpful investment in public education.”
Through the implementation of PowerSchool SIS, PowerSchool will support PRDE with a solution that addresses their immediate needs, including scheduling, attendance, compliance reporting, data management, registration, grade management, and more.
PRDE’s adoption of the PowerSchool SIS is a key example of how districts, territories and states are utilizing available Elementary and Secondary School Emergency Relief (ESSER) and Governor’s Emergency Education Relief (GEER) funds to provide their students with the robust support needed to address opportunity and achievement gaps exacerbated by the global pandemic.
This new functionality will provide PRDE with more reliable and accurate information to gain a full picture of their students. PowerSchool and PRDE are striving to have implementation completed for the 2023/24 school year.
“We are proud to provide a modern and secure SIS solution for the Puerto Rico Department of Education that will play a critical role in the digital transformation of their K-12 infrastructure,” said Hardeep Gulati, CEO of PowerSchool. “We are confident that this implementation will meaningfully impact the educators and over 250,000 students in Puerto Rico.”
About PowerSchool
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 50 million students globally and more than 15,000 customers, including more than 90 of the top 100 districts by student enrollment in the United States, and sells solutions in more than 90 countries.
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TALENT DEVELOPMENT
Businesswire | April 27, 2023
Summer, the certified B Corp committed to addressing the national student debt crisis, announced that it has raised $6M in new capital, with $18M raised in funding to date. General Catalyst, QED Investors, Flourish Ventures, Greycroft, Story Ventures, Gaingels, Calm VC, Partnership Fund for NYC, Fenway Summer, BDMI, and Avidbank participated in the financing.
The company also announced it has surpassed $1 billion in total projected savings for borrowers, and it has hired Leigh Gross as Chief Revenue Officer to lead partnerships with recordkeepers and other financial institutions interested in Summer Secure, the company’s automated solution for SECURE 2.0 retirement matching.
Student loan debt in the United States now stands at $1.75 trillion, according to the Federal Reserve, exceeding credit card and auto debt. It is often the first meaningful debt that young people incur, and can lead to a domino effect on their financial life–making it harder to save for retirement or buy a home years after graduating. Summer works with leading financial institutions, employers, and unions to provide a high impact, comprehensive digital solution that helps individuals plan for college costs, reduce the burden of student loan debt, and optimize retirement savings. To date, the company has delivered more than $1 billion in total projected savings for borrowers across the United States, offering assistance on every leg of the personal finance journey.
“We’re thrilled to announce this new funding, especially at a time when the need for better college planning and student loan solutions has never been more acute,” said CEO and co-founder Will Sealy. “As student loan forgiveness hangs in the balance and payments are set to resume for the first time in years, we’re excited to share our solution with more people to enable them to unlock financial freedom.”
Summer’s funding comes at an exciting time for the business as it continues to expand partnerships with retirement recordkeepers and payroll providers on the heels of its partnership with Fidelity Investments in 2022. Due to the recent passage of the SECURE 2.0 Act, many institutions are turning to Summer to support their employer clients with student loan retirement matching, leveraging Summer’s digital API suite and its expertise with operationalizing complex student loan policies into high-adoption solutions.
In a recent survey, 91% of employees with student debt said they would save more money for retirement if their employer offered a student loan repayment program. By ensuring that an employee’s student loan payments count toward the retirement match provided by their employer, Summer’s workplace solution can relieve student loan borrowers from having to make an impossible decision between paying down their debt or saving for retirement.
Summer was founded in 2017 by Sealy, a former Policy Analyst and Assistant to Sen. Elizabeth Warren and a veteran of the Consumer Financial Protection Bureau, Chief Product Officer Paul Joo, with previous experience at the U.S. Attorney’s Office and the Boston Consulting Group, and Chief Product Officer Vincent Tran, who previously led product at Pave and Orchard and was an investor at the Partnership Fund for NYC.
Summer’s recent partnership milestones include a student loan benefit launched with Intuit’s personal finance subsidiary, Credit Karma, and an expanded partnership with the American Federation of Teachers to support their 1.7 million teachers, government employees, and healthcare workers. Summer will use the new funding to expand the platform to help even more borrowers with a holistic approach to financial well-being.
About Summer
Summer partners with financial institutions and employers to empower their populations to reduce education costs and student debt through proven technologies, policy expertise and human support. Founded in 2017 by industry experts, Summer’s mission is to alleviate student loan debt for 46 million borrowers by providing leading solutions for college cost planning, automated enrollment for loan assistance plans, tuition assistance, student loan contributions and retirement matching, and emergency savings. Summer is a certified B Corporation.
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