Homegrown enrichment provider offers learning lessons amid online education revolution, Business News & Top Stories

Ask any student in Singapore what school life has been like these past few months and they’ll likely mention video classes, computer-aided lessons and other virtual tools and platforms.

Online learning is here to stay, even as students of all levels returned to brick-and-mortar classrooms and learning centres after months of home-based learning earlier this year.

The shift to blended learning — a mix of e-learning and face-to-face teaching — among schools and enrichment centres has opened portals to growth opportunities for homegrown enrichment provider I Can Read (ICR).

Set up in 2000, the firm provides English language training for teachers and literacy courses for pupils from 2.5 to 12 years old. It began developing online resources and platforms for teachers and students in 2018 and now operates in 13 markets across Asia and the Middle East.

“We’ve been working on ways to deliver our training programmes and curriculum online

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How this ERP solutions provider is redefining the online education system

The outbreak of covid-19 is seething over the world. It has wreaked havoc in the education system with the closure of academic institutions. Due to no physical movement, the structure of teaching, assessing, and management of administrative operations are predominantly affected. It has reminded the Indian education system to realise the need for a rigorous transformation. 

According to the estimates of UNESCO, the shutdown orders due to the ongoing pandemic situation have affected more than 1.5 billion students and 63 million teachers across 188 countries. The critical situation that emerged due to the exacerbating crisis has resulted in a radical shift from offline teaching methods to online learning at all levels. With everything being virtual, the schools and colleges are leveraging new age technology solutions to empower remote learning for students of all age groups.

MasterSoft, a ERP solutions provider in the country takes on streamlining the everyday work processes

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Brazilian digital education provider Vitru sets terms for $258 million US IPO

Vitru, a leading provider of distance learning in Brazil’s postsecondary digital education market, announced terms for its IPO on Tuesday.

The Santa Catarina, Brazil-based company plans to raise $258 million by offering 11.2 million shares (47% insider) at a price range of $22 to $24. At the midpoint of the proposed range, Vitru would command a fully diluted market value of $530 million.

Vitru provides a hybrid digital education experience for undergraduates and continuing education, with courses covering over 200 subjects through its multi-format Virtual Learning Environment (videos, eBook, podcasts, and html text, among others). The company also operates digital education hubs, which offer in-person tutoring, supported by virtual mentoring.

Vitru was founded in 1999 and booked $91 million in revenue for the 12 months ended June 30, 2020. It plans to list on the Nasdaq under the symbol VTRU. Goldman Sachs, BofA Securities, Itau BBA, Morgan Stanley, Bradesco

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