Edtech unicorn Guild Education just announced that it scored its first acquisition — a move that few companies have so far made in the downturn,It bought Entangled Group, an edtech studio that builds products, offers consulting services, and has invested in a host of edtech startups including Guild Education itself. Guild declined to reveal the cost of the acquisition.
Guild Education's core business focused on helping Fortune 500 companies offer education perks to their employees, but as the coronavirus forced companies to cut costs and lay off workers, the startup says it is working with the Entangled team to help furloughed and laid-off workers. "Many companies were laying off their frontline workforces or putting them on furlough, and they needed new ways to support those workers," Carlson said. "But they also needed career services and outplacement tools, which was exactly where the Entangled team was innovating and building products."
The acquisition may also be key to driving Guild's future innovations as edtech goes mainstream — the sector has already attracted more than $2 billion in venture funding during the first quarter of 2020, per Pitchbook.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Monzo seeks funding at decreased valuation - Business Insider - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
10 personality traits that investors look for before deciding to work with an entrepreneur - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
SoftBank CEO Masayoshi Son reportedly compared himself to Jesus during an investor call - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. 'we fired Jesus so I am now Jesus' - Softbank 🤣🤣🤣🤣🤣🤣🤣🤣🤣 No wonder he could not see WeWork coming. Another victim of EverythingTrumpTouchesDies
Source: BusinessInsider - 🏆 729. / 51 Read more »
Mark Zuckerberg said he is 'worried' about China setting the agenda for tech regulation - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. mark starting to side with trump hmm.. yes maybe we should let FB do it instead, how about that mark does that sound better I'm more concerned about FB and Google watching everything I search. And use my data and sell that to your client. In another word, where the hell is my share Mark!
Source: BusinessInsider - 🏆 729. / 51 Read more »
How tech execs are revamping home offices for a remote work future - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Apple buys NextVR hoping to become a major player in the XR ecosystem - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Never denpend on anyone source of income I can help you earn $1200 to $2.500 to $5,000, to $1,0000 to $150000 In 72 hours on something legit but you will pay 10% of your profit when you received it No Registration feed applied 100% withdrawal No excuse Inbox me how for more info
Source: BusinessInsider - 🏆 729. / 51 Read more »