McGraw Hill, a leading textbook publisher and educational course provider owned by billionaire Tom Gores’ Platinum Equity, filed for an initial public offering (IPO) in the U.S. on Friday, according to a statement. The move comes nearly four years after Platinum Equity acquired the company for $4.5 billion and aligns with a resurgence in…
Pakistan could potentially boost its IT services exports to $10 billion in the near future, according to a recent study by the Pakistan Institute of Development Economics (PIDE). However, the study emphasizes that “strategic policy interventions are essential across short and long-term horizons to propel the IT industry into a robust era of sustainable…
Accenture, a global professional services company, has agreed to acquire Udacity, a digital education pioneer that offers proprietary technology courses online. The terms of the deal were not disclosed. Udacity’s team of more than 230 professionals will join Accenture LearnVantage, a new service that helps Accenture’s clients reskill and upskill their people in technology,…
How would you like to learn from a teacher who knows your strengths and weaknesses, adapts to your pace and preferences, and gives you instant feedback? What if you could explore any topic or subject in a virtual reality that makes you feel like you are there? How about having a research assistant who…
Abu Dhabi, UAE: Palms Sports, the leading sports management company and a subsidiary of International Holding Company (IHC), has completed its acquisition of Learn Education, which owns the outstanding Al Rabeeh Schools in Abu Dhabi. This strategic move marks a significant milestone in Palms Sports’ expansion journey, as it secures its ownership of Al…
LONDON, UK: Dev Clever (LON: DEV) has appointed Alan Greenberg as a Special Adviser to the Board. Alan is a former Head of Higher Education EMEA and Director of Education China & Asia Pac at Apple Inc. He has significant and relevant expertise in product-market-fit, in launching consumer focused, impactful and sustainable educational applications…
MELBOURNE, AUSTRALIA: ReadyTech Holdings Limited has acquired Avaxa, a specialist enterprise student management software business, for a total consideration of $2.2 million. ReadyTech is a leading SaaS business focused on providing next generation cloud-based software to customers within the education, employment, government and justice sectors. Acquisition of this enterprise student management software business will…
SYDNEY: New Zealand and Australian childcare and education centre operator Evolve Education Group limited (EVO) has contracted to acquire 10 childcare centres in Australia with total licenced capacity of 816 children per day, a news release said. Contract pricing includes upfront of $27.13m for EBITDA of $6.93m per annum and deferred 5m for an…