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EdCast Raises $35 Million in Funding to Expand Its Platform
14/12/2019
IBL News | New York
EdCast, a Mountain View, California – headquartered provider of corporate learning software and content, announced yesterday the close of funding round of $35 million in Series D.
Avathon Capital, formerly known as Sterling Partners’ Education Opportunity Fund, led the round. National Grid Partners, State Street Global Advisors, and REV Venture Partners participated, as well.
Founded in 2013, EdCast ...
A Second Shareholder Announces It Will Vote Against Instructure’s Proposed Deal
13/12/2019
IBL News | New York
After Rivulet Capital, a second large shareholder announced this Thursday that it will vote against Instructure’s plan to sell itself to private equity firm Thoma Bravo, citing a rushed process and potential conflicts of interest.
The New York-based Praesidium Investment Management, which owns 7.5% of Instructure, became the second big investor to speak out against the $2 billion deal. They believe that the ...
Moody’s Forecasts Moderate Growth Revenue at Public and Private Universities
12/12/2019
IBL News | New York
Moody’s credit rating agency yesterday predicted that net tuition revenue will increase by 2.3% for private colleges and universities and by 1% for public schools in the 2020 fiscal year. Growth in state appropriations, gift revenue, and research grants and contracts will be in line to come in at 3 percent.
In its report, the agency forecasted that large comprehensive universities can expect operating revenue ...
Coursera for Business Claims 100% Year-Over-Year Customer Growth
11/12/2019
IBL News | New York
Coursera announced yesterday that its enterprise business saw a 100% year-over-year customer growth.
“In 2019, large organizations including Mastercard, Southwest Airlines, Adobe, and the NYC Department of Small Business Services initiated or continued partnerships with Coursera for Business to equip employees with the skills of the future,” Coursera said in a press ...
