Imagine K12-funded Edusight to be acquired by Nelson


Copyright © 2017 Edusight, Inc.

Canadian educational publisher Nelson Education Ltd has agreed to acquire the technology assets of Edusight Inc, a Toronto developer of an analytics and digital portfolio product used as a resource in educational settings. No financial terms were released. Nelson said the strategic deal represents its first purely digital acquisition and will help build its ecosystem of learning content and tools. Founded in 2013 by President Garros Li, CEO Vikram Somasundaram and CTO Qiming Weng, Edusight was funded by Y Combinator‘s Imagine K12.

PRESS RELEASE

NELSON Acquires Technology Assets of Edusight, Continuing to Transform Education in Canada

TORONTO, June 28, 2017 /PRNewswire/ – Today NELSON, Canada’s leading educational publisher, announced that it has entered into an agreement to acquire the technology assets of Edusight, an innovative digital portfolio developed to empower students and educators to take charge of their own educational journey. Edusight delivers significant benefits in the area of student assessment, drives teacher engagement and captures valuable real-time data for students and teachers alike across kindergarten to grade 12.

The strategic purchase builds on NELSON’s growing ecosystem of learning content and tools and represents a shared vision with the young tech start-up to offer a disruptive and innovative approach to educational learning solutions. As its first purely digital acquisition, today’s announcement signals NELSON’s further investment in meeting the evolving needs of educators and students across the country, ensuring unparalleled access to the educational resources they need.

“NELSON continues to lead and drive change in our business and recognizes that acquisitions that complement our core business, and the searching out of innovative collaborations and partnerships are the pathway to solving the challenges that face education in Canada and abroad,” explained Steve Brown, NELSON President and CEO. “This exciting purchase enables us to help re-conceptualize the learning experience for both teachers and students, reinforcing our 100+ year connection to the Canadian classroom in a fresh and meaningful way.”

Guided by teacher feedback and designed with the end-user in mind, Edusight was built to intuitively align with teacher workflow on both the web and via mobile app to provide visualisation of data that leads to a better understanding of student learning. Edusight offers unparalleled flexibility, allowing teachers to track grades, photos, video and audio notes. Focusing on both portfolios and grading provides for a more holistic view of how students at all levels develop.

“We’re thrilled that Edusight’s analytics and digital portfolio product complements NELSON’s digital strategy,” explained Garros Li, President, Co-Founder of Edusight. “This acquisition elegantly combines NELSON’s best-in-class educational content with our insightful and personalised visualisations of student learning.”

Edusight offers users:

Simple data visualization and easy-to-use portfolios
Tools to make assessment, grading and building projects easier
Portfolio and gradebook tools that capture student learning using text, photos, video and/or audio
Communication tools to keep students, teachers, and parents up to date on student learning

“NELSON is proud to lend its experience and industry bench-strength to continue the work of Edusight and expand the digital portfolio product to teachers and students across Canada,” stated Brown. “This acquisition will mean Edusight will be able to live on in a new form to support even more students and teachers in the future.”

About NELSON:
NELSON is Canada’s largest and leading educational publisher. NELSON believes in the evolution of life-long education and dedicates its business efforts to the creation of quality, innovative solutions that support the needs of every student, teacher and instructor to empower learning success. For more information about NELSON, please visit us at Nelson.com or find us on Facebook and Twitter.

About Edusight:
Edusight’s mission is to understand how students learn. Through its analytics and digital portfolio product, Edusight has impacted over 300,000 K-12 students across 40 countries. Edusight received venture capital funding from Imagine K12, the education vertical within Y Combinator.

Photo courtesy of Edusight Inc