Jan 14th

Online Education Company Lynda.com Gets $186 Million For A Shopping Spree

Online Education Company Lynda.com Gets $ 186 Million For A Shopping Spree
News from TechCrunch:

Online personal and professional continuing education company lynda.com has raised $ 186 million at a roughly $ 1 billion valuation to go shopping for education technology companies.

It’s the second mammoth round for Lynda, following a $ 100 million initial investment from Accel Partners, Spectrum Equity and Meritech. The new round was led by TPG, a private equity firm with some $ 65 billion worth of assets under management.

For lynda.com, the new round is all about a shopping allowance. The company already has letters of intent out with three potential acquisition targets and has several more companies in its sights, according to an interview with the company’s chief executive, Eric Robison.

One investor familiar with the market for online education said that the company may look to bring in programming tutorial companies like Thinkful (which raised a round of funding recently) or Treehouse (which hasn’t).

Lynda.com divides its profitable business betwe…………… continues on TechCrunch

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Bringing Programming Education Online, Thinkful Raises $ 4.25 Million
News from TechCrunch:

Thinkful, the online continuing education services company for programmers and developers, has raised $ 4.25 million in a new round of funding as it looks to expand its portfolio of education offerings.

“We’ve found a away to get a lot of professional engineers excited about helping people learn,” says Darrell Silver, who, along with Thiel Fellowship recipient Dan Friedman, founded the company in October 2012.

Connecting professional programmers and developers with students online, Thinkful operates like a lighter weight and cheaper version of the developer bootcamps and professional education companies that had cr…………… continues on TechCrunch

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Dec 12th

Can this company prevent sexual assaults on college campuses?

Can this company prevent sexual assaults on college campuses?
News from Fortune:

When Tammy Wincup first read Rolling Stone’s cover story about a gruesome gang rape at a fraternity at the University of Virginia, it hit close to home. Like thousands of others, Wincup is an alumna of the university. She also was president of her sorority, Chi Omega, when she graduated in 1995. Yet unlike many of her former classmates, Wincup is now devoting a large part of her career to stopping sexual assault on college campuses, including at UVA.

Wincup is the COO of EverFi, a Washington D.C.-based company that teaches students critical skills that may be left off the syllabus of their formal education. The tech company partners with more than 440 higher-education institutions to bring students online courses that address topics like high-risk drinking, financial wellness, and yes, sexual violence. A venture-backed firm with heavyweight backers like Amazon AMZN CEO Jeff Bezos, Twitter

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Online education recognized for affordability, quality programs
News from Missouri State News:

Affordable Colleges Foundation (ACF), a leading resource for online learning and college affordability information, listed Missouri State University as one of 2015’s Best Online Colleges. Schools included offer students affordable, high-quality programs combined with the flexibility of distance learning.

“When it comes to online learning, these schools are the best of the best,” said Dan Schuessler, founder and CEO of Affordable Colleges Foundation. “They appeal to prospective students and working professionals because they provide the same academic excellence in their online programs as their campus courses.”

The number of schools offering fully online degree programs has nearly doubled over the last decade, and online enrollments continue to make up an increasing proportion—nearly 50 percent—of all enrollments in higher education.

To create the list, colleges and universities had to meet specific criteria and were ranked based on a series of variables:

  • Must be not-for-profit institution
  • Must offer at least one fully online bachelor’s degree program
  • Number of online programs available
  • Student-faculty ratio
  • 6-yea…………… continues on Missouri State News

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Oct 23rd

Bertelsman buying Cary online education company Relias

Bertelsman buying Cary online education company Relias
News from News & Observer:

European media giant Bertelsman will buy Relias Learning, a Cary online education company, for a reported half-billion dollars. The Relias deal is Bertelsman’s biggest U.S. acquisition since the conglomerate bought book publisher Random House in 1998.

Bertelsman’s business interests span books, magazines, broadcasting and music rights. With the Relias acquisition, the closely-held German company is now expanding into the online education market. Bertelsman said the Relias deal is valued “in the mid-hundreds of millions” of dollars, and Reuters reported the value at $ 540 million, based on two anonymous sources.

Relias employs nearly 300 people and will remain headquartered in Cary, managed by the current executive team. “The company expects to hire more employees to keep pace with a burgeoning e-learning market,” Relias said in its announcement this week.

Relias supplies online education courses and training materials for workers in the health are and disabled-care fields. Formed in 2012 through a merger of Essential Learning and Silverchair Learning Systems, Relias said it provided more than 20 million course for more than 4,000 organizations.

Bertelsmann is buying Relias from Vista Equity Partners and LLR Partners.

…………… continues on News & Observer
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Why You Should Reconsider For-Profit Online Education Stocks
News from Seeking Alpha (registration):

  • With rising cost of attendance, traditional college is becoming a less popular and less worthwhile investment for many Americans.
  • Online degree programs run as for-profit companies have emerged as the top alternative form of secondary education.
  • Because of these trends, American Public Education Institution and Bridgeport Education Inc. (two of the biggest players in the industry) both seem poised to rebound in coming moths.

Under-valued public companies have become a rarity after years of bullish market tendencies. There may, however, still be hidden gems in the online education industry. Specifically, industry giants American Public Education Institution (NASDAQ:APEI) and Bridgeport Education Inc. (NYSE:BPI) appear poised to deliver in coming quarters. Admittedly, however, both companies do have drawbacks. Since a quasi-bubble burst in the online-education industry roughly five years ago, both companies have s…………… continues on Seeking Alpha (registration)

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Jul 17th

Online education company opens Blount Co. support center

Online education company opens Blount Co. support center
News from WBIR-TV:

Online education company opens Blount Co. support center

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Udemy: Democratizing Skills-Based Education Online
News from Bloomberg:

How is it different from other online education platforms?

Absolutely.

Our mission is to democratize skills-based education and lifelong learning, rather than focus on k-12 or higher education.

We provide a platform where any expert can teach online within our marketplace of courses.

We focus on skills-based content like learning microsoft excel.

For $ 99, i can do pythons for beginners.

I have to learn pythons just to get smarter.

You are out of northwestern and stanford and you are doing what every politician talks about.

Are you a replacement for an associate skill technical degree?

It is probably more of a supplementsupplement than anything else.

The fundamental degrees we offer today, while they will not be changing fast enough, it is changing to market itself.

They provide a nice space in terms of thinking.

The actual skills, how we operate on a day-to-day basis, is changing way too fast four education to keep up.

One of the concerns in washington is that we have the people in the wrong places or the wrong skills.

Weiss and the government coming to you?

— why isn’t the government coming to you?

We have met with many ministers of education from around the world, but we have not had a lot of action inside the u.s.. is there bias against your work?

Do the academics…………… continues on Bloomberg

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May 3rd

TEMECULA: Online education company expanding into Old Town

TEMECULA: Online education company expanding into Old Town
News from Press-Enterprise:

A Temecula-based online education company, ed2go, is expanding and moving into the new Truax Building in Old Town, a 67,000-square-foot, four-story structure at the corner of 2nd and Mercedes streets.

The building, which features three stories of office space and room for restaurants and retail on the ground floor, was dedicated this week after a lengthy construction period. The company, which places students in online continuing education classes for adults, will be taking over the third floor in the middle of May.

The building’s namesake, developer Bernie Truax, plans to make the fourth floor, a well-appointed space replete with multiple fireplaces, his new corporate home base.

Rick Mendoza, an admissions manager with ed2go, said the company, which was purchased by Boston-based Cengage Learning in the mid 2000s, had grown out of its current location: suites in a business park on County Center Drive in northern Temecula.

“Getting into this building will give us the space we need and it’s a high-tech, more modern facility with all the bells and whistles,” he said.

The company recently hired 20 people and plans to staff 75 positions in the new space in Old Town, said Lindsay Stanley, a Cengage Learning spokeswoman.

Mendoza said Cengage has put a lot of resources into ed2go and authorizing the move into the new facility.

“…………… continues on Press-Enterprise

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Online education a new frontier in China
News from ecns:

The online education market was valued by iResearch Group at 83.97 billion yuan ($ 13.6 billion) in 2013. Provided to China Daily

Experts predict content will be enriched to include vocational skills, personal interests

Xie Kan, a former TOEFL (Test of English as a Foreign Language) tutor at New Oriental Education & Technology Group Inc, had never delivered a lesson to more than 200 students.

But in late April he set a personal record by teaching 1,500. And the venue was not your typical classroom but the 31 year-old’s apartment.

Instead of standing at the front of a classroom at New Oriental’s Hangzhou branch, Xie taught from his bedroom via a computer, camera and microphone.

“It was a very productive session. The Internet can help bring the teacher’s power to the next level by giving lessons to a great number of students at the same time wherever they are,” he told China Daily. It was the main driver for him to take part in online education.

Xie, had eight years experience at New Oriental, a provider of private educational services in China. He is one of the first teachers to establish…………… continues on ecns

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Mar 30th

Vubiz Elearning Launches Video for Award Winning Company

Vubiz Elearning Launches Video for Award Winning Company
News from Broadway World:

Related: Press Release, News

Los Angeles,CA Toronto,ON

Vubiz Launches Video for Award Winning Company

Vubiz created a video for McDougall Energy Inc. in Canada for brand marketing use in various multi-media platforms including web, POS and print. Vubiz video division Vertical Line Media showcased the key benefits of McDougall Energy’s commercial fuel delivery system in the new video.

“It was a great pleasure to collaborate…………… continues on Broadway World

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Jan 10th

E-learning company Skillsoft seeks $2 billion sale: Sources

E-learning company Skillsoft seeks $ 2 billion sale: Sources
News from Tech2:

Skillsoft Ltd is exploring a sale that it hopes will value the private equity-owned provider of educational software to businesses at around $ 2 billion, including debt, according to several people familiar with the matter.

Skillsoft, which was taken private in 2010 by Berkshire Partners LLC, Advent International Corp and Bain Capital LLC for $ 1.2 billion, is working with Deutsche Bank AG to find potential buyers, the people said on Tuesday. The sources asked not to be identified because the sale process is private. A spokeswoman for Skillsoft had no immediate comment. Advent and Bain declined to comment while Berkshire Partners and Deutsche Bank did not respond to requests for comment.

Seeking sale

 

Skillsoft provides electronic learning solutions to more than 6,000 customers globally, including companies and governments. It uses cloud computing, which allows clients to reduce costs by ditching bulky local servers for network-based software and storage in remote data centers. The Nashua, New Hampshire-based company reported adjusted earnings before interest, tax, depreciation and amortization of $ 139.2 million for the 12 months ending January 31, 2013, up from $ 111.1 million the year before.

The corporate education and training market is hig…………… continues on Tech2

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Oct 31st

Amazon buys e-learning company to boost Kindle business

Amazon buys e-learning company to boost Kindle business
News from The Seattle Times:

Originally published October 10, 2013 at 1:47 PM | Page modified October 10, 2013 at 7:02 PM

Amazon acquired online math instruction company, TenMarks, for an undisclosed amount Thursday, as the company moves to push its Kindle Fire tablets into schools.

Burlingame, Calif., based TenMarks offers personalized math instruction for students in kindergarten through 12th grade. Amazon said the company’s programs are used by “tens of thousands” of schools.

“Together, Amazon and TenMarks intend to develop rich educational content and applications, across multiple platforms, that we think teachers, parents and students will love.” Dave Limp, Amazon Kindle vice president, said in a statement.

The fact that Amazon’s Kindle unit is handling the acquisition suggests the deal is designed to make the tablet more attractive to elementary, middle and high schools. That’s a business where Apple’s iPad has a huge lead

It’s an attractive market because once kids start using a device for school, they’re more likely to continue using it as they get older. And they’re likely to bring it home, where other family members might use it as well.

Jay Greene: 206-464-2231 or jgreene@seattletimes.com. Twitter: iamjaygreene

…………… continues on The Seattle Times
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Aug 18th

Trunity eLearning company comes full circle

Trunity eLearning company comes full circle
News from Seacoastonline.com:

Digital education textbook firm returns to its roots in Portsmouth

Today’s most viewed articles

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  • Sex, love and personal ads – 8/18/2013

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Jul 12th

eLearning Company Liqvid Partners HP For eLearning Solutions

eLearning Company Liqvid Partners HP For eLearning Solutions
News from MediaNama.com:

Noida based e-learning solution Liqvid has signed a Memorandum of Understanding (MoU) with Hewlett Packard to deliver Liqvid’s bilingual EnglishEdge software through the HP Lab-in-Box network.

As part of this partnership, Liqvid will be responsible for providing content, conduct train-the-trainer programmes, and also extend its offering to all future HP Lab-in-Box projects.

Liqvid will also be promoting HP LIFE e-learning program across its customer base and  the program will be made available at all of Liqvid’s study centres. Liqvid claims that its customers include IIT Delhi, Jawaharlal Nehru University, Educomp and British Council, among others.

In August 2012, Liqvid continues on MediaNama.com

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What the National Digital Strategy means for education and elearning
News from Irish Times:

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  • Technology
  • More Topics

To utilise ICT to its full potential across the education system, including the use of the internet in learning, the National Digital Strategy will see the completion of the rollout of 100mb to all post-primary schools by summer 2014.

It is hoped access to online educational media will allow schools to share resources, access global teaching aids, help students learn new skills, and engage students more deeply through the use of online interactive content.

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