|By Business Wire||
|March 4, 2014 10:15 AM EST||
Today, TSL – the largest single-profession social network in the world, with 3.3 million registered teachers and hundreds of thousands of pieces of education content – announced the acquisition of Bay-Area based Wikispaces, creator of some of the most widely used online collaboration tools in the U.S. education sector. The combined platforms will support 1.4 million registered K-12 teachers in the U.S. Together, the two platforms create the world’s largest online professional network within the world’s largest profession. This is the first acquisition undertaken by TSL since it was acquired by TPG Capital in the biggest education deal of last year.
Key Transaction Takeaways
- There are nearly 80 million teachers worldwide, representing a significant addressable market for the combined company.
- Teachers are a very engaged audience online – the combined company will match some of the industry’s most intuitive and proven tools for online collaboration with the largest aggregate registered user base in the industry.
- UK-based TSL’s worldwide teacher network downloads over 20 million pieces of lesson content every month – improving teachers’ ability to connect with students, institutions and each other.
- TSL is committed to networking the underserved and fragmented US education sector, evidenced by its partnership with the American Federation of Teachers – and Wikispaces represents a market-proven SaaS platform and large set of US users.
- Wikispaces has cultivated a teacher-centered, grassroots approach to SaaS collaboration – including virtual classrooms and easy-to-use, low-cost content-sharing software.
- Wikispaces mobile usage has doubled year over year since 2012.
- Wikispaces took no VC funding but has scaled independently for nearly a decade in a competitive, fragmented space with a volatile sales cycle.
- Transaction complements TSL’s plan to grow its on- and off-line businesses within the U.S., leveraging the growth platform enabled by its acquisition by TPG.
Company Quotes & Insights
“Wikispaces is a terrific combination for us, because we’ve always believed in a teacher-centric approach to education technology,” said Louise Rogers, CEO of TSL. “So much of what activates a curriculum for schools and students comes from collaboration and sharing – intuitive functions for today’s networked world. Adam, James and Dominick are an astonishingly dedicated team and created a stable, powerful set of tools for turning a network into a scalable service for the education community, greatly increasing the value we can provide to our users both inside and outside the US. Wikispaces is one of a number of incredibly interesting ed-tech companies aimed at teachers and we are excited to be in a position to begin to put them all together.”
"TSL’s focus on and commitment to teachers shouldn't be rare in the education industry, but it is," said James Byers, Co-CEO and Co-Founder of Wikispaces. "As we both share this commitment, we're delighted to bring our nearly decade-long experience serving teachers with collaboration and classroom management to TSL. The value we can provide teachers, students and parents by combining TSL's lesson content, our dual networks, and our technology is going to be groundbreaking. We're thrilled to have this unique opportunity to do so much for teachers and the broader education community."
To hear more about TSL, the company will be participating at the 2014 SXSWedu on Tuesday, March 4. Ms. Rogers will be speaking at the event, focusing her conversation on her vision for both the future of educational technology and how TSL’s platforms will impact the sector.
About TSL Education, Ltd.
TSL Education’s story is an extraordinary one: its digital community on TES Connect is one of the fastest growing of any profession globally, and it boasts a 100-year heritage at the center of the teaching and education community with offices in London, Washington and Sydney. Today, TSL has over 3.3 million teacher members in 197 countries across the globe and connects over 60 million teachers and students. 4.8 million resources are downloaded from the site every week, 10 every second. Home to more than 730,000 individually crafted teaching resources developed by teachers for teachers, this unparalleled collection helps to guide, inform and inspire educators around the world. This wealth of resources on allows education professionals to share and benefit from one another's resources and lesson plans, driving excellence in the education sector. For more information, visit www.tsleducation.com.
Wikispaces, founded in 2005 and headquartered in San Francisco, focuses on creating effective but easy-to-use tools that empower teachers so they can spend their time helping students. Their flagship product, Wikispaces Classroom, provides a free social writing platform where teachers and students can communicate and collaborate on projects. The platform, which is used by over 10 million registered teachers and students, features rich assessment tools to measure real-time student contribution and engagement. Wikispaces Classroom is available for both desktop and mobile browsers. For more information, visit www.wikispaces.com.
A strange thing is happening along the way to the Internet of Things, namely far too many devices to work with and manage. It has become clear that we'll need much higher efficiency user experiences that can allow us to more easily and scalably work with the thousands of devices that will soon be in each of our lives. Enter the conversational interface revolution, combining bots we can literally talk with, gesture to, and even direct with our thoughts, with embedded artificial intelligence, wh...
May. 25, 2016 06:30 PM EDT Reads: 1,863
The 19th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Containers, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportunity. Submit y...
May. 25, 2016 06:00 PM EDT Reads: 1,878
SYS-CON Events announced today that MangoApps will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. MangoApps provides modern company intranets and team collaboration software, allowing workers to stay connected and productive from anywhere in the world and from any device. For more information, please visit https://www.mangoapps.com/.
May. 25, 2016 05:45 PM EDT Reads: 440
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with the 19th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world and ThingsExpo New York Call for Papers is now open.
May. 25, 2016 05:00 PM EDT Reads: 1,712
SYS-CON Events announced today that ContentMX, the marketing technology and services company with a singular mission to increase engagement and drive more conversations for enterprise, channel and SMB technology marketers, has been named “Sponsor & Exhibitor Lounge Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2016, at the Javits Center in New York City, New York. “CloudExpo is a great opportunity to start a conversation with new prospects, but what happens after the...
May. 25, 2016 05:00 PM EDT Reads: 863
Many banks and financial institutions are experimenting with containers in development environments, but when will they move into production? Containers are seen as the key to achieving the ultimate in information technology flexibility and agility. Containers work on both public and private clouds, and make it easy to build and deploy applications. The challenge for regulated industries is the cost and complexity of container security compliance. VM security compliance is already challenging, ...
May. 25, 2016 05:00 PM EDT Reads: 1,051
Designing IoT applications is complex, but deploying them in a scalable fashion is even more complex. A scalable, API first IaaS cloud is a good start, but in order to understand the various components specific to deploying IoT applications, one needs to understand the architecture of these applications and figure out how to scale these components independently. In his session at @ThingsExpo, Nara Rajagopalan is CEO of Accelerite, will discuss the fundamental architecture of IoT applications, ...
May. 25, 2016 04:45 PM EDT Reads: 940
The IoT is changing the way enterprises conduct business. In his session at @ThingsExpo, Eric Hoffman, Vice President at EastBanc Technologies, discuss how businesses can gain an edge over competitors by empowering consumers to take control through IoT. We'll cite examples such as a Washington, D.C.-based sports club that leveraged IoT and the cloud to develop a comprehensive booking system. He'll also highlight how IoT can revitalize and restore outdated business models, making them profitable...
May. 25, 2016 04:45 PM EDT Reads: 2,500
In his session at 18th Cloud Expo, Bruce Swann, Senior Product Marketing Manager at Adobe, will discuss how the Adobe Marketing Cloud can help marketers embrace opportunities for personalized, relevant and real-time customer engagement across offline (direct mail, point of sale, call center) and digital (email, website, SMS, mobile apps, social networks, connected objects). Bruce Swann has more than 15 years of experience working with digital marketing disciplines like web analytics, social med...
May. 25, 2016 04:00 PM EDT Reads: 1,185
SYS-CON Events announced today that Enzu, a leading provider of cloud hosting solutions, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Enzu’s mission is to be the leading provider of enterprise cloud solutions worldwide. Enzu enables online businesses to use its IT infrastructure to their competitive advantage. By offering a suite of proven hosting and management services, Enzu wants companies to foc...
May. 25, 2016 03:45 PM EDT Reads: 2,114
Customer experience has become a competitive differentiator for companies, and it’s imperative that brands seamlessly connect the customer journey across all platforms. With the continued explosion of IoT, join us for a look at how to build a winning digital foundation in the connected era – today and in the future. In his session at @ThingsExpo, Chris Nguyen, Group Product Marketing Manager at Adobe, will discuss how to successfully leverage mobile, rapidly deploy content, capture real-time d...
May. 25, 2016 02:45 PM EDT Reads: 1,436
IoT generates lots of temporal data. But how do you unlock its value? How do you coordinate the diverse moving parts that must come together when developing your IoT product? What are the key challenges addressed by Data as a Service? How does cloud computing underlie and connect the notions of Digital and DevOps What is the impact of the API economy? What is the business imperative for Cognitive Computing? Get all these questions and hundreds more like them answered at the 18th Cloud Expo...
May. 25, 2016 02:15 PM EDT Reads: 2,127
The cloud market growth today is largely in public clouds. While there is a lot of spend in IT departments in virtualization, these aren’t yet translating into a true “cloud” experience within the enterprise. What is stopping the growth of the “private cloud” market? In his general session at 18th Cloud Expo, Nara Rajagopalan, CEO of Accelerite, will explore the challenges in deploying, managing, and getting adoption for a private cloud within an enterprise. What are the key differences betwee...
May. 25, 2016 02:00 PM EDT Reads: 1,517
As cloud and storage projections continue to rise, the number of organizations moving to the cloud is escalating and it is clear cloud storage is here to stay. However, is it secure? Data is the lifeblood for government entities, countries, cloud service providers and enterprises alike and losing or exposing that data can have disastrous results. There are new concepts for data storage on the horizon that will deliver secure solutions for storing and moving sensitive data around the world. ...
May. 25, 2016 02:00 PM EDT Reads: 1,140
Enterprise networks are complex. Moreover, they were designed and deployed to meet a specific set of business requirements at a specific point in time. But, the adoption of cloud services, new business applications and intensifying security policies, among other factors, require IT organizations to continuously deploy configuration changes. Therefore, enterprises are looking for better ways to automate the management of their networks while still leveraging existing capabilities, optimizing perf...
May. 25, 2016 02:00 PM EDT Reads: 1,038