As a follow-up to our interview with Imagine K12 co-founder Tim Brady on the merger with Y Combinator we reached out to some of our investor contacts for commentary on the merger itself and its potential impact on the education technology landscape in North America and the EdTech accelerator scene globally. Continue reading
Yesterday the team of Imagine K12 announced that the edtech accelerator would merge with Y Combinator to form a dedicated edtech vertical. The merger has been in the works for about a year and with Imagine K12’s first fund ending, Geoff Ralston and Tim Brady made the decision to join Y Combinator.
News Corp completed the sale of data analytics and assessment platform Amplify and its assets. The company was acquired by parts of the management team and a group of private investors for an undisclosed amount.
Founded in 2011, Amplify provides a digital curriculum for K-12. The company discontinued the production and marketing of a dedicated tablet device in August.
EnglishCentral, a video learning provider in the ESL space, acquired Japanese English tutoring company Langrich.
Through the acquisition EnglishCentral will add live tutoring to its library of 10.000 video lessons and 50 online courses. The company claims to have over 100.000 paying users in over 100 countries.
Ellucian announced that private equity firms TPG Capital and Leonard Green Partners acquired a majority stake in the higher education SaaS provider from its current owners Hellman & Friedman LLC and JMI Equity.