Houghton Mifflin Harcourt’s financial results were mixed for the third quarter, as the company expects a big curriculum adoption cycle to boost its performance in 2019.
The new program at the University of Southern California will have a big focus on nurturing minority- and female-owned ed-tech companies.
Companies funded by New Markets Venture Partners will receive help from the IMS Global Learning Consortium on “interoperability,” or district demands for seamless integration of data across ed-tech products.
Test provider ACT has invested in Open Assessment Technologies, a provider of open-source assessment solutions.
Reach Capital, a prominent investor in ed-tech businesses, plans to invest $82 million in new companies and has made “consumer-facing” products one of its priorities.
In this week’s dealmaking news, Wonderschool, a platform aims to help experienced educators and childcare providers start and run their own in-home businesses, raised $20 million, and littleBits, a provider of technology kits for kids, has acquired DIY Co., an operator of online educational services for kids and their families.
New Oriental Education & Technology Group, which calls itself the biggest provider of private educational services in China, says it plans to invest $220 million in ed-tech companies in its home nation.
Language and literacy software solutions provider Imagine Learning and childcare management technology company Procare Software announced acquisitions.
Apple, which has lost market share in K-12 schools, has reached $1 trillion valuation, fueled by its success in the consumer market.
The Rise Fund is making a $130 million investment in DreamBox Learning, the digital math provider.
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