The rise of ed-tech

As people begin to embrace the digital age and acknowledge the benefits of online learning, the e-learning market has continued to grow. According to Docebo, the worldwide market for self-paced e-learning has reached $35.6 billion in 2011 and is expected to grow to $51.5 billion by 2016. It’s no wonder that many investors have now set their sights on the ed-tech space with the hopes that a few will go the distance and be the next that was acquired for $1.5 billion by LinkedIn earlier this year. This week, the funding continues as startups like HotChalk, Udacity, Authess, Schoology and VersaMe all caught the eye of investors, while Instructure, a Utah-based ed-tech company, went public on the New York Stock Exchange on Friday. On the acquisition front, Fronter and InfoSnap were acquired by itslearning and PowerSchool, respectively. As the ed-tech industry continues to transform our traditional education system, we expect to see this trend to continue in the coming months.
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