Education economics: Investments in e-learning may signal shift from …
News from allvoices:
After some initial resistance, more and more traditional textbook publishers are climbing on the online education bandwagon. Pearson Publishing just plunked down a cool $ 650 million in cash to acquire EmbanetCompass, a provider of strategy and support to post-secondary educational institutions that are developing online instructional programs. This latest move sends a solid signal that the publishing giant is not only embracing online education, but is positioning to become a major player in the world of e-learning.
“Pearson is deepening its bet on the digital future and has to be seen as a leader in that space,” observes a Wells Fargo financial analyst who specializes on education businesses.
Pearson is known as a leader in the world of academic texts, but it has a wide range of interests in the world of publishing, including the Financial Times and the Penguin Press. And this latest move is hardly the publisher’s first foray into the world of e-learning. Last year, Pearson made waves when it announced it has partnered with Google to launch OpenClass, a free, cloud-based learning system. And sh…………… continues on allvoices
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Taggart’s e-learning venture seeks €2m
News from Irish Independent:
Last week’s Dublin Web Summit brought financier Paschal Taggart’s new digital learning venture closer to raising the €2m it needs to expand.
Taggart is chief executive of Mobilearn, a new digital language business selling learning tools for use on smartphones and tablets. The English language e-learning market alone is worth €1bn a year, according to research by Ambient Insight. He owns 38 per cent of the company.
An early-stage start-up, Mobilearn is active in the German and Austrian markets selling English language-learning e-books for €49 each. It wants to enter the Chinese, Indian and Japanese markets, and has received approaches from two education providers in Asia.
“We’re looking for seed and early stage funding initially of €500,000 to get to the next development stage, but our total requirement is €2m, to do what we need to do in the next few years,” said development chief Sean Featherstone.
As an Enterprise Ireland High Potential Start-up, any funding raised by Mobilearn will be matched the development body.
Following the Web Summit, Mobilearn is talking to three investors, including Digital Education, the MacMillan publisher-owned fund, and former Delta executive Shay Garvey’s Frontline Ventures.
- Roisin Burke
…………… continues on Irish Independent
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