Edutech Holding Co. New Mountain Learning Is Merging With Carnegie Learning

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Via News Release

“NEW YORK–(BUSINESS WIRE)–CIP Capital today officially announced that it has completed an investment in Carnegie Learning, a leading provider of innovative, research-proven math products and services, and will be merging it with recently acquired New Mountain Learning (NML), a leading provider of literacy, language and digital competency skills to create a comprehensive, dynamic, and progressive learning technology company. The new company will be called Carnegie Learning, Inc. (CL).”

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Flipgrid Plans To Expand Under Microsoft

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Via Star Tribune

CEO Jim Leslie is continuing as the boss at Flipgrid, in the wake of its acquisition this summer by the education division of huge Microsoft.

“I and the entire team are in Minneapolis making Flipgrid the best student voice platform we and our educator community can imagine,” Leslie said in an e-mail message. “Our team of 22 Flipgrid employees is expanding in Minneapolis. We’re adding engineers and designers right now!”

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I’m Carlos Seoane, the Cofounder & CEO of Extempore, And This Is How I Work

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Thanks to Fueled Collective for underwriting our How I Work series!

 

Minnesota entrepreneur Carlos Seoane is the CEO of Extempore, an edutech startup cofounded with his wife Susana Perez after 16 years in corporate America.

What one word best describes how you work?

Perseverance.

What is your current device/hardware/office setup?

Top of the line Apple products all around. This is the one area where you can’t skimp when you run a technology company. Also, screen real estate is like happiness: you can’t have too much!

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Meet A Minnesota Tech CFO: Eric Doan, Edmentum

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Thanks to local commercial real estate pros CBRE for sponsoring the Meet A Minnesota Tech CFO series.

The CFO: Eric Doan, Edmentum

When and how did you get started in your finance career, specifically within the tech industry?

Overall, my career has been focused on the tech industry, even if it has not always been in finance.

I started in operations at Universal Hospital Services (UHS). That’s where I was first asked to take on operational finance, and over the next couple of years, I built up my resume in the private equity world. I transitioned to Healthland, where I became vice president of finance, which was my first true finance role. Prior to joining Edmentum as Chief Financial Officer, I worked as CFO at myON by Renaissance.

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Minnesota’s Biggest Edutech Company Is Slashing Jobs

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Via Star Tribune

Capella Education which last week merged with another for-profit education firm, Strayer Education, plans to lay off 125-plus headquarters employees as part of the consolidation. Executives of what is now called “Strategic Education,” said in a Star Tribune interview last week that, within 18 months, they planned to cut $50 million out of their combined annual expense base of about $800 million.”

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Capella, Strayer Complete $1.2b Merger And Form New Parent Co. Strategic Education

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Via News Release

“HERNDON, Va.–(BUSINESS WIRE)–Strategic Education, Inc. (SEI) (NASDAQ: STRA) today announced it completed the merger of Strayer Education, Inc. (NASDAQ: STRA) and Capella Education Company (NASDAQ: CPLA) to create SEI, a national leader in education innovation. SEI also announced financial results for the period ended June 30, 2018 for both Strayer Education, Inc. and Capella Education Company, their last full quarter as separate entities.”

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Edmentum Hires CFO Eric Doan

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Via News Release

“Minneapolis, MN, July 17, 2018 – Edmentum, a global leader and the original pioneer in online teaching and learning programs, announced the appointment of Eric Doan as Chief Financial Officer. Eric joins a newly expanded and highly focused leadership team that is committed to putting educators first by delivering proven, research-based curriculum and assessment programs designed to improve student achievement.”

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Code Ninjas Opens In Eagan Today

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Via News Release

Code Ninjas, the fastest growing franchise in the United States, is opening in Eagan on July 9, 2018, with additional locations soon to follow in Woodbury and Apple Valley.

Using an engaging game-based curriculum that emphasizes teamwork, logic, math and problem solving, Code Ninjas teaches kids ages 7 to 14 to code (also known as computer programming).”

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10 Questions With Flipgrid CEO Jim Leslie On The Microsoft Acquisition

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Microsoft’s education division announced yesterday the acquisition of Minneapolis’ own edutech startup Flipgrid.

Charles Miller created Flipgrid with the help of Bradford Hosack inside the University of Minnesota’s Learning Technologies Media Lab in 2012.

In 2015, Miller united with CEO Jim Leslie and director Phil Soran to spin Flipgrid out of the University (originally called Vidku).  Together, they achieved an unusually large and fast fundraise to the tune of “$17 million in 17 days,” as the story goes.

After some time in market, Flipgrid made a deliberate decision that would yield the type of traction necessary to reach meaningful scale: pulling out of the enterprise video market and returning to its classroom collaboration roots.

In the 12-24 months that followed, the fledgling venture matured from some 30k users to 20 million Pre-K – PhD educators, students and families spanning 180 countries around the world.  We asked Leslie 10 relevant questions regarding the Microsoft milestone:

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