BYJU’S | December 09, 2021
BYJU’S, a homegrown Indian Edtech Company with 115 million students on its learning platform, has announced the acquisition of Austria-headquartered GeoGebra. The Austrian company has a dynamic, interactive and collaborative mathematics learning tool.
This acquisition complements BYJU’S overall product strategy and integrates GeoGebra’s capabilities to enable the creation of new product offerings and learning formats to its existing mathematics portfolio. It furthers BYJU’S aim to make math more engaging, leading to better learning outcomes. This synergy of two like-minded companies will bring comprehensive, personalised and immersive learning experiences to all students.
GeoGebra will continue to operate as an independent unit within the BYJU’S group under the leadership of its Founder and Developer, Markus Hohenwarter.
"The GeoGebra team has built a powerful and stimulating platform that complements BYJU’S mission of providing impactful learning for students. Designed to improve mathematical understanding, it offers significant features that provide interactive resources that adapt to every child’s style and pace of learning. At BYJU’S, with the help of innovative teaching and technology, we have been making Math fun, visual, and engaging. And with GeoGebra on board, we will continue to further enhance, reimagine and transform the way Math is taught and learned."
Anita Kishore, Chief Strategy Officer, BYJU’S
"Together with our combined strengths, we will have a wider reach and the best resources to build innovative and exciting next-generation learning formats”, she added.
GeoGebra, with a rapidly expanding community of over 100 million learners across 195+ countries, brings together geometry, algebra, spreadsheets, graphing, statistics and calculus in one easy-to-use format. Mathematical thinking is grounded in visual processing and GeoGebra’s interactive, multilingual, and stimulating learning environment makes math contextual, fun and visual.
The platform has dynamic and connected geometry and algebra learning tools that aid in formulating and proving geometric conjectures. With an easy-to-use interface, the software can be either downloaded as an app or can be used online. The curriculum is available in multiple languages for students around the world.
“GeoGebra was born out of a passion to help students learn math in a visually appealing and engaging manner. Our shared passion for learning and teaching resonates with BYJU’S, making them a perfect partner for our onward journey. I am confident that this partnership will help millions of students learn mathematics in an interactive way, in turn making them overcome their fear of math and learn to master it,” said Markus Hohenwarter, Founder and Developer of GeoGebra.
On a mission to deliver rapid, sustainable growth at scale, Markus together with Michael Borcherds and Stephen Jull co-founded their company in 2013 to ensure GeoGebra would have solid footings from which to deliver its vision over the long term. GeoGebra includes both an enterprise and philanthropic non-profit organisation. Their commercial services support more than 300 established education service companies and startups, while the non-profit supports students, teachers, researchers, and government agencies across many countries. BYJU’S welcomes the social mission of GeoGebra and acknowledges its importance for mathematics education world-wide, ensuring GeoGebra’s current apps and web services will continue to be available free of charge, putting the power of mathematics into the hands of students and teachers everywhere.
Launched in 2015, BYJU’S is the leader in offering personalized learning programs for school students in India. With over 115 million students cumulatively learning from the app, 7 million annual paid subscriptions, and an annual renewal rate of 86%, the app creates personalized learning programs for individual students based on their proficiency levels and capabilities which help them learn at their own pace and style.
BYJU’S is the world’s leading edtech company and the creator of India’s most loved school learning app which offers highly adaptive, engaging and effective learning programs for students in LKG, UKG, classes 1 -12 (K-12) and competitive exams like JEE, NEET and IAS.
BYJU'S launched its flagship product, BYJU’S - The Learning App, for classes 4-12 in 2015. Today, the app has over 115 million registered students and 7 million annual paid subscriptions. With an average time of 71 minutes being spent by a student on the app every day from 1700+ cities, the app is creating a whole new way of learning through visual lessons. The Disney BYJU'S Early Learn App was launched in June 2019, a special offering from BYJU'S for students in classes 1-3 featuring Disney’s timeliness characters. In early 2019, BYJU'S acquired Osmo, a Palo Alto based maker of educational games to transform the whole offline to online learning experience. BYJU'S also acquired WhiteHat Jr in 2020, a Mumbai-based programming start-up focused on empowering children with coding skills.
In 2021, BYJU’S acquired the market leader and one of the most trusted test-prep service providers in India - Aakash Educational Services Limited (ASEL), Epic and Great Learning. Taking the vision of creating active learners around the world and expanding globally, BYJU’S also launched BYJU’S Future School recently. Powered by 12,000 qualified women teachers, this is available in the USA, UK, Australia, Brazil, Indonesia and Mexico and will progressively expand to more geographies in the near future. Furthermore, BYJU’S Learning App featuring Disney was launched in the USA in July 2021, to help children ages 4–8 explore, practice, and understand math, language and reading concepts through interactive learning journeys combined with Disney’s world-class storytelling.
BYJU’S has been backed by strong and prominent investors like Chan-Zuckerberg Initiative, Naspers, CPPIB, General Atlantic, Tencent, Sequoia Capital, Sofina, Verlinvest, IFC, Aarin Capital, TimesInternet, Lightspeed ventures, Tiger Global, Owl Ventures & Qatar Investment Authority.
Delivering a world-class learning experience, programs from BYJU’S are making learning contextual and visual. The apps have been designed to adapt to the unique learning style of every student, as per the pace, size and style of learning. BYJU'S is paving the way for new-age, geography-agnostic learning tools that sit at the cross section of mobile, interactive content and personalised learning methodologies. BYJU’S is also the official sponsor of the Indian Cricket Team.
OpenSesame | July 28, 2021
OpenSesame, a market-leading SaaS global e-learning pioneer, announced a $50 million investment led by JMI Equity, a growth equity company focusing on investing in top software companies, with previous investors FTV Capital and Altos Ventures participating. This expansion investment will help OpenSesame speed its global expansion, expand its technology platform through product-led M&A, and continue to create value for its global customers.
Companies across the globe were compelled to rethink how they train and grow their organizations as a consequence of COVID-19 and the beginning of the work-from-home age. As a result, organizations accelerated their adoption of online learning and employee development programs with remote workforces, with a particular surge in demand for more training on diversity, equity, inclusion (DEI), and leadership development, enabling a safe working environment and workplace wellness. The most comprehensive and essential solution for global and remote workforces across all sectors is OpenSesame's extensive library of 20,000+ e-learning courses in over 19 languages and new courses from world-class content partners such as TED and Harvard Business Publishing.
To offer customers even more high-quality courses, OpenSesame will increase its investment in partnerships and technology. The business adds unique courses by collaborating with the world's finest content producers and subject matter experts, as well as its curation team, to create courses that meet the unmet training requirements of today's virtual and varied workforces. With AI-curated course lists, OpenSesame has created technology that enables learning administrators to build custom learning pathways for each learner. In addition, the Simon platform from OpenSesame enables learning professionals to build compelling online training courses in many languages that connect with any learning management system.
Through effective online learning in every sector, OpenSesame assists in the development of the world's most productive and respected workforce. OpenSesame assists global companies at every step of the process, with the most extensive library of e-learning courses from the world's top publishers. As a result, OpenSesame has gained additional Global 2000 companies to its client base when the workforce is becoming more virtual. With over 20,000 courses available, the platform serves all industries and markets.
About JMI Equity
JMI Equity is a growth equity company that focuses on top software businesses. Since its inception in 1992, JMI has invested in over 155 businesses in its target markets, executed over 105 successful exits, and raised more than $6 billion in committed capital. In addition, JMI works with outstanding management teams to help them grow their companies into industry leaders.
CORPORATE LEARNING SYSTEMS
USRA | March 22, 2022
On March 21st, the Universities Space Research Association (USRA) announced that it has joined forces with the U.S. Space Force and the Air Force Research Laboratory to support scientific and technical research at seven selected universities. The partnership is called the University Consortium Research Opportunity (UCRO) and illustrates the significant partnership that connects academic research and government organization.
"UCRO represents an incredibly unique opportunity for USRA to support the research efforts of an array of institutions, that will effectively advance the scientific and technical prowess of both USSF and AFRL. Importantly, these established partnerships will also engage a diverse group of students and postdoctoral fellows in research that contributes to an increased understanding and appreciation for STEM workforce opportunities within both agencies."
-Bernard Seery, Senior Vice President, USRA Technology Research and Development,
This workforce development program will leverage USRA’s proven record in STEM academics and administration.
"USRA's role administering UCRO will enable institutions to generate pertinent research critical to both USSF and AFRL. The research yielded will unquestionably support the mission of both agencies and will encourage interest in USSF and AFRL among the next generation of STEM professionals."
-Dr. Amanda Smith Hackler, USRA Director of Education
The principal investigators, their institutions, and proposals selected for this program include:
Dr.Michael Kinzel,University of Florida"Industrial-Aero Optimization for Agile Rocket Cargo Delivery"
Dr.Anthony Torres,Texas State University"Understanding the Effect of Vibration on the Crystallization of ZBLAN"
Dr.Anouck Girard,University of Michigan"Safe Learning in Space for Proximity and Rendezvous Operations"
Dr.Siamak Farhad, TheUniversity of Akron"On-Orbit and In-Situ Inspection and Repair of Spacecraft"
Dr. Marek Osiński,University of New Mexico"Designer Nanoparticles for Quantum Sensing of Location and Electric Field"
Dr.Brandon Jones, TheUniversity of Texas at Austin"Information Theoretic Detection and Tracking for Rapid IOD"
Dr.Miguel Velez-Reyes, TheUniversity of Texas at El Paso"Innovative Analysis of Spectra-Temporal Signatures Using Machine Learning for Ground-Based Remote Sensing of Unresolved Resident Space Objects"