K12 Inc. Completes Asset Sale to Safanad

K12 Inc. (Herndon, VA) in June completed the sale of select businesses that will be part of a new global education technology business led by Safanad Limited (New York/Dubai), a global principal investment house.

K12 founder Ron Packard will lead the new venture. Packard resigned his position as the CEO of the virtual education provider in January and left the company board in June to concentrate his efforts on the new venture.

How Prevalent Is Digital Device Usage in Classroom Instruction?

Some of the most frequently asked questions around EMR in recent months have been about the deployment of tablet computers and other mobile devices in K-12 classrooms. If you are a computer company, such as Apple, Microsoft, Samsung, Google, etc., or an investment banker who follows computer companies, you obviously need to know how your brand is doing compared to its competitors. You’d want to know who has the highest market share. Ideally, you’d also like to know which tablet brand(s) educators are planning to buy in the 2014-15 school year, and how much they are going to spend.

School Specialty Names Yorio

K-12 instructional materials, furniture and supplies distributor School Specialty (Greenville, WI) named Joseph Yorio president and CEO. Yorio succeeds Jim Henderson, who served as interim president and CEO since July 2013, when then-president and CEO Michael Lavelle left the company after it emerged from voluntary bankruptcy proceedings in June. Henderson will continue to serve as chairman of the company’s board of directors.

Students Seek Real-Life Technology Experiences in School

From Electronic Education Report, April 25, 2014

Students would like their classroom experiences with technology to more closely mirror their experiences outside of school, according to a Speak Up survey conducted by Project Tomorrow.

Project Tomorrow in April released The New Digital Learning Playbook: Understanding the Spectrum of Students’ Activities and Aspirations based on a 2013 online survey completed by more than 400,000 K‐12 students, parents, teachers, administrators and community members.

Samsung Markets to Schools

Simba Information talked to Samsung senior manager education Diane Ashby about company efforts in K-12 in the March 28 issue of Electronic Education Report. An accompanying article in the issue details Samsung's partnerships with three school districts.

Samsung (Ridgefield Park, NJ) is a brand widely known in the consumer space that also competes in the K-20 market; this spring the company is introducing new Chromebook and tablet options for schools.

Obama's 2015 Spending Plan Would Boost Education

President Barack Obama in March proposed $68.6 billion in discretionary spending for the Department of Education in fiscal 2015, which would be a 1.9% increase from fiscal 2014, but the spending plan as proposed is unlikely to be acted upon in a Congressional election year

Channel One Adds Curriculum

Channel One (New York), producer of a daily educational news show, is offering curriculum targeting nonfiction literacy and critical thinking skills.

The curriculum is a subscription offering for grades 3-5 and 6-8. It uses nonfiction video and text that integrates English language arts with areas that include science, geography and college and career readiness. Students complete activities, do writing exercises and take short formative assessments to demonstrate understanding.

Thomson Reuters Acquires Dominio Sistemas

Thomson Reuters Corp. recently agreed to acquire Brazilian accounting software developer Dominio Sistemas for an undisclosed sum. The transaction is subject to the fulfillment of certain conditions.

The deal aligns with Thomson Reuters' strategy to complement its product offering with integrated software solutions for small, medium-sized and large accounting firms in Brazil.

FCC Investment in Connectivity Applauded

The Federal Communications Commission in January made plans to invest $2 billion over the next two years to expand high-speed Internet connectivity for schools and libraries, in line with the Obama ConnectED initiative. The White House says the new effort will bring America close to giving 99 percent of schoolchildren Internet access within five years.

Online Business Information Sales Projected 4.8% CAGR to 2016

Business information providers have climbed out of the global recession and are headed for a steady period of growth as the demand for online services rises across the financial, health care, scientific and technical verticals, according to Simba Information, a leading media industry forecast and analysis firm.

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