Education Business
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Education Business
What I'm reading about.... education and edtech businesses worldwide
Curated by Jobina Hardy
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Google Capital invests $40 million in online education giant Renaissance Learning

Google Capital invests $40 million in online education giant Renaissance Learning | Education Business | Scoop.it
Google is betting big time on the online education space. Google Capital, one of the Mountain View company's venture arms, announced today it is investing $40 million into Wisconsin-based Renaissan...
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‘Sesame Street’ Widens Its Focus

‘Sesame Street’ Widens Its Focus | Education Business | Scoop.it

With its usual silliness, “Sesame Street” is introducing serious concepts about nature, science, math and engineering to its target audience of children too young to read.

 

In the last four years, “Sesame Street” has set itself a much larger goal: teaching nature, math, science and engineering concepts and problem-solving to a preschool audience — with topics like how a pulley works or how to go about investigating what’s making Mr. Snuffleupagus sneeze.

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Educomp lays off 3,500 people

Educomp lays off 3,500 people | Education Business | Scoop.it

Education services company Educomp Solutions today said that it has laid off 3500 people over the last three months, which it added was aimed at employee strength rationalisation.


The company said that their transformational plan is a composite template of critical modifications in structure, systems and sales strategies to return the company to profitability in the current and following fiscal. Within this transformational plan, a series of tactical steps have been identified to fast-track the correction. This include 'horizontal extraction' strategy to offer more products to existing customers with a view to grow spend from schools and improve income per capita customer contact point. 

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EducationInvestor - Article: Promethean revenues slip, again

EducationInvestor - Article: Promethean revenues slip, again | Education Business | Scoop.it
Revenues at the digital whiteboard giant Promethean World have continued to fall, the company’s half-year results show.
 
Promethean said it was trading in line with expectations, and blamed budgetary constraints, technology penetration rates and the increased use of tablet devices for its continuing troubles.
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Rock Star Teacher, South Korea

Rock Star Teacher, South Korea | Education Business | Scoop.it

Kim Ki-hoon earns $4 million a year in South Korea, where he is known as a rock-star teacher—a combination of words not typically heard in the rest of the world.


Mr. Kim has been teaching for over 20 years, all of them in the country's private, after-school tutoring academies, known as hagwons. Unlike most teachers across the globe, he is paid according to the demand for his skills—and he is in high demand.


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International Education HM Govt

UK Education exports were worth an estimated £17.5 billion in 2011. 9% were educational products and services.


The global e-learning market is forecast to frow by an average of 23% each year from 2012 to 2017 (baseline of $91 billion in 2012).

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Pearson Buys Online Education Company in Digital Market Push

Pearson Buys Online Education Company in Digital Market Push | Education Business | Scoop.it
Leading Learning Company Buys EmbanetCompass for £402m in Its Largest Acquisition in Five Years

 

Ahead of the $650 million deal announcement, Pearson has stated that it aims to account for over half of its revenues from digital operations, outstripping its traditional publishing businesses by the end of the year. 

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Exposed: How Murdoch, Bill Gates and Big Corporations are Data Mining our Schools

Exposed: How Murdoch, Bill Gates and Big Corporations are Data Mining our Schools | Education Business | Scoop.it

The state is using its monopoly on education to benefit certain corporations—and students' personal information will be stored by News Corp.

 

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Europe’s 20 Fastest Growing and Most Innovative e-Learning Companies Named - Edxus Group

Including...

GCSEPod, UK

Labster, Denmark 

Mangahigh, UK

Sofatutor, Germany

Twig World, UK

Virtual College, UK

 

"Education technology company Edxus Group and IBIS Capital, a specialist media investment and advisory firm, today announced the initial results of their EdTech 20 ranking, unveiling the top 20 e-learning companies in Europe in terms of innovation, scale, market impact and revenue growth over the past year as judged by an industry-leading panel."

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With Google Play For Education, Google Looks To Challenge Apple’s Dominance In The Classroom | TechCrunch

With Google Play For Education, Google Looks To Challenge Apple’s Dominance In The Classroom | TechCrunch | Education Business | Scoop.it

Google I/O, the company's sixth annual developer conference, got officially underway in San Francisco on Wednesday, and it was an eventful day. Amidst Larry Page’s triumphant return to the stage (after addressing his much-discussed vocal issues yesterday), Google’s soaring stock price and sexy smartphone demos, it was easy to miss an important announcement concerning Google’s foray into a considerably less sexy market: Education. (And K-12 education, no less.)

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Increased government expenditure on education giving Gulf students unprecedented access to Virtual Learning Environments | Pearson Education

Increased government expenditure on education giving Gulf students unprecedented access to Virtual Learning Environments | Pearson Education | Education Business | Scoop.it

This year, the Saudi Arabia government is expected to commit a record $54bn to education, which makes it one of the top ranking countries in the world in terms of education spending. 

The UAE and Qatar are also channelling unprecedented amounts of funding into developing world-class education systems, with the UAE spending nearly a fifth of its entire budget on schools, and Qatar more than doubling its education spending over the past five years to reach more than $6bn this year.

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Pearson convene international expert panel to define new gold standard in assessment : Pearson UK

Pearson, which has a presence in educatino provision and support in over 70 countries, plans to work with the group to set out a blueprint for assessments which are

- Internationally benchmarked and rigorous

- Designed to cater for all ability levels and set high expectations for all

- Relevant for the changing landscape of the 21st century

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EdNET Insight | São Paulo’s $2.73 Billion RFP (Yes, It’s a “B”) and Other Alluring Brazilian Educational ICT Numbers

Brazil has almost as many K-12 students as the U.S.; it represents half of the economy of Latin America; its GDP of $2.5 trillion in 2011 was greater than that of the U.K., Russia, or India; and its 2011 per capita income was 45% higher than China’s and is enjoyed by a growing consumer class. If you haven’t already guessed, the low-hanging fruit for education publishers are ESL products, increasingly digital. For the first time, the Brazilian Ministry of Education’s National Textbook Program’s call for bids for high school textbooks for 2015 includes a request for digital product.

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Rosetta Stone Launches Kids Division, Introduces Blended Reading & Language Product for Children 3-6

"Enhancing early language development skills gives kids an important edge in their overall education and enables them to get ahead," said Steve Swad, President and CEO of Rosetta Stone.

 

"Rosetta Stone has a long, proud tradition of leadership in language-learning technology for adults and students K through 12, and we're excited to leverage that expertise to help younger kids learn. This app will give kids a great start down the road of reading and speaking-in English and Spanish."

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Chinese students head overseas at younger ages

Chinese students head overseas at younger ages | Education Business | Scoop.it

Next month, Chen Deming, 13, will enter a junior high school in the United States.


His parents are going along. His mother, Kang Qingjun, 43, is gearing up to learn to drive, and she's practicing her conversational English.


"Chinese parents will scrimp on many things, but not education," said Kang.


To protect their children from the pressure of the fierce competition faced by millions of college-bound exam takers in the country, an increasing number of Chinese parents are sending their sons and daughters abroad, making the country the leading exporter of students.

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EducationInvestor - Article: Frog plotting global expansion

EducationInvestor - Article: Frog plotting global expansion | Education Business | Scoop.it
Learning platform provider Frog is ramping up its development team with a view to global expansion, its managing director has said.
Gareth Davies, who founded the company, told EducationInvestor that the firm was using the investment it received from Malaysian conglomerate YTL last year to "massively expand our team".
"We already have 74 development people, and will have more than 100 in the next six months. Compared to anyone else in the industry that's huge," he said.
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Edtech Dominates Startup Brazil (EdSurge News)

Edtech Dominates Startup Brazil (EdSurge News) | Education Business | Scoop.it

The Brazilian edtech industry is really sprouting. Last week, the government announced 56 startups that will be taking part in Start-Up Brasil, a program launched by the federal government to accelerate the development of new companies (started within the last three years) and bring their innovative products to the market.

Of the 56 companies chosen, 11 are working in education, making up nearly 20% of all accepted companies and out-representing the retail (14.3%), events and tourism (9%), health (9%) and financial (9%) industries.

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Tech Companies Angle for Big Bucks in Education

Tech Companies Angle for Big Bucks in Education | Education Business | Scoop.it

No one knows which product or model will ultimately strike it big. Many ed-tech start-ups are learning from successful commercial business strategies that preceded them.


A common one is to seed the product for free with users and when a certain level of absorption has been achieved, try to sell an enhanced version to management. Another, similar model that many ed-tech companies like ClassDojo, Meograph and Tynker have embraced is the freemium model, where the basic product is free, but more advanced features come with a fee. A third is to simultaneously sell a product to schools while offering an advanced product to parents that unlocks supplemental material.

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Samsung Announces Availability of Samsung School Interactive Classroom Packages at ISTE 2013

Samsung Announces Availability of Samsung School Interactive Classroom Packages at ISTE 2013 | Education Business | Scoop.it

Samsung Electronics America, Inc., a subsidiary of Samsung Electronics Co. Ltd, today announced at ISTE 2013 the U.S. commercial availability of Samsung School, a fully integrated one-to-one learning package that combines the latest tablet and display technology to create an interactive, student-centric learning environment.

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EdNET Insight | K-12 Market: The Big Picture Infographic

15,232 districts

53,369 public elementary schools

11,846 middle schools

2,613 public junior high schools

4,743 combined K12 school

and more US education facts.

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Articles | Pearson | The Learning Curve

Articles | Pearson | The Learning Curve | Education Business | Scoop.it

More than seven in 10 Korean students have private tuition, and the time commitment is substantial.

 

Data from the PISA programme shows that 15-year old South Korean students typically spend nearly 9 hours per week in non-school lessons – the highest level in the OECD and more than three times the average. This is after they go through a long school day by international standards, lasting from around 8am to 4pm.

 

The resultant market is also huge. According to the Korean National Statistics Office, in 2011 Koreans spent nearly US$20 billion on private tutoring or education in one form or another – more than double the figure of a decade earlier. This amounts to 1.7% of GDP and roughly 80% of what the state pays for education.

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Pearson: Board change and executive appointments

Pearson, the world’s leading learning company, is today announcing a new organization structure and the appointment of a new leadership team.

 

The changes are designed to accelerate Pearson’s push into digital learning, education services and emerging markets, which the company views as significant growth opportunities.

 

Under the new structure, Pearson will organize around three global lines of business – School, Higher Education and Professional – and three geographic market categories – North America, Growth and Core.

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Malaysia Taps Frog To Teach Its Youth

Malaysia Taps Frog To Teach Its Youth | Education Business | Scoop.it

VideoIt’s quite a feat to have an entire nation lay its children’s future in your hands. That statement is admittedly a tad dramatic, but in a sense that is what Malaysia has done with educational platform, Frog. 

According to the company, Frog is worth about $23.3 million. Frog co-founder, Gareth Davies, self-funded the company – kicking it off in 1999 – by mortgaging his home. Its products are now used in 600 Schools in the UK and 18 international schools, excluding Frog’s Malaysian adventure.

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Google Play for Education could kill the iPad in schools

Google Play for Education could kill the iPad in schools | Education Business | Scoop.it
Google announced a new education program that will help teachers manage and push out apps and other educational content to classroom Android tablets.
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Brazil education groups in $2.5bn tie-up - FT.com

Brazil’s two largest private tertiary education companies have agreed to combine in a private equity-backed deal that will create the world’s biggest for-profit operator by market capitalisation.

 

Kroton Educacional, part-owned by US-based private equity firm Advent International, will pay $2.48bn for rival Anhanguera Educacional Participações, part-controlled by BlackRock of the US, to create a company with 1m students and a pro forma market value of R$12bn (US$5.9bn).

 

The deal would create the largest private for-profit educatino company in the world by market capitalisation, overtaking Japan's Benesse Holdings according to data compiled by Bloomberg.

 

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