ALEKS

McGraw Hill Introduces ALEKS Adventure: A New AI-Based ALEKS Math Program for Grades K-3

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星期二, 三月 26, 2024

COLUMBUS, Ohio, March 26, 2024 /PRNewswire/ -- McGraw Hill today unveiled ALEKS Adventure, a new AI-powered supplemental learning solution launching for students in grades 1-2 in the 2024-25 school year, with complete K-3 support to follow in the 2025-26 school year. The tool is an expansion of the research-backed, AI-driven ALEKS program that has supported millions of learners in grades 3-12 and through higher education for two decades, bringing the program to lower grades in an age-appropriate format. 

Key Points: 
  • The tool is an expansion of the research-backed, AI-driven ALEKS program that has supported millions of learners in grades 3-12 and through higher education for two decades, bringing the program to lower grades in an age-appropriate format.
  • Sean Ryan, President of McGraw Hill's School Group, said: "Teachers and students today face a dynamic set of challenges in a complex environment.
  • "Young learners need developmentally appropriate math instruction that builds procedural fluency and supports conceptual understanding," said Lori Anderson, ALEKS Chief Product Officer.
  • McGraw Hill is a leading global education company that partners with millions of educators, learners and professionals around the world.

McGraw Hill and Maarif Education Partner to Accelerate Hybrid Learning in the Kingdom of Saudi Arabia

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星期三, 二月 14, 2024

RIYADH, Saudi Arabia, Feb. 14, 2024 /PRNewswire/ -- McGraw Hill and Maarif Education have entered an agreement that makes McGraw Hill the exclusive learning partner for Maarif Education across all 10 of its campuses in the Kingdom of Saudi Arabia.

Key Points: 
  • Over 23,000 students along with 2,888 teaching and academic staff will benefit from access to McGraw Hill's world class educational resources in both print and digital, supported by digital learning platforms including ALEKS, ConnectEd, and Open Learning Platform (OLP)
    RIYADH, Saudi Arabia, Feb. 14, 2024 /PRNewswire/ -- McGraw Hill and Maarif Education have entered an agreement that makes McGraw Hill the exclusive learning partner for Maarif Education across all 10 of its campuses in the Kingdom of Saudi Arabia.
  • The programs will be accompanied by McGraw Hill's state-of-the-art digital learning platforms including ConnectEd, Open Learning Platform (OLP) and ALEKS.
  • The partnership is one-of-a-kind for Saudi Arabia in that it's rare for a K-12 education group of Maarif Education's size to entrust a single learning partner for all its educational needs.
  • Ihab Ibrahim Osman, CEO of Maarif Education, remarked, "At Maarif Education, we believe that digital learning goes hand-in-hand with print-based learning methods and is imperative for the future success of our students.

McGraw Hill Reports Second Quarter and Year-to-Date Fiscal 2024 Financial Results

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星期二, 十一月 14, 2023

COLUMBUS, Ohio, Nov. 14, 2023 /PRNewswire/ -- McGraw Hill, a leading global education company, today reported financial results with $1.4 billion in year-to-date billings and $667 million in Adjusted EBITDA. Billings increased across all segments excluding K-12 where an expected smaller market opportunity drove an 8% billings decline for the total company compared to last year. The seasonally significant fiscal Q2 billings were among the strongest for McGraw Hill in its history. 

Key Points: 
  • COLUMBUS, Ohio, Nov. 14, 2023 /PRNewswire/ -- McGraw Hill, a leading global education company, today reported financial results with $1.4 billion in year-to-date billings and $667 million in Adjusted EBITDA.
  • The seasonally significant fiscal Q2 billings were among the strongest for McGraw Hill in its history.
  • McGraw Hill continued its strong digital momentum with digital billings for the last 12 months now 61% of total billings and nearly 90% in Higher Education.
  • McGraw Hill is a leading global education company that partners with millions of educators, learners and professionals around the world.

McGraw Hill Reports First Quarter Fiscal 2024 Financial Results

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星期四, 八月 10, 2023

COLUMBUS, Ohio, Aug. 10, 2023 /PRNewswire/ -- McGraw Hill, a leading global education company, today reported financial results for the first quarter of fiscal year 2024 with $473 million in total billings, down 13% year-over-year with a larger adoption market opportunity positively impacting prior year results. Despite that impact, the company showed strong multi-year performance with billings approximately $90 million higher compared to the same quarter in fiscal year 2022 and $166 million higher than Q1 of fiscal year 2021.

Key Points: 
  • McGraw Hill entered the new fiscal year focused on digital growth, innovation and product enhancements
    COLUMBUS, Ohio, Aug. 10, 2023 /PRNewswire/ -- McGraw Hill, a leading global education company, today reported financial results for the first quarter of fiscal year 2024 with $473 million in total billings, down 13% year-over-year with a larger adoption market opportunity positively impacting prior year results.
  • Despite that impact, the company showed strong multi-year performance with billings approximately $90 million higher compared to the same quarter in fiscal year 2022 and $166 million higher than Q1 of fiscal year 2021.
  • "We're proud of these results in a seasonally small quarter and amidst a smaller K-12 adoption market," said Simon Allen, McGraw Hill CEO.
  • McGraw Hill is a leading global education company that partners with millions of educators, learners and professionals around the world.

Connecticut State Department of Education Selects Varsity Tutors for State’s High-Dosage Tutoring Program

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星期二, 八月 1, 2023

Varsity Tutors , a Nerdy (NYSE: NRDY) company and the leading platform for live online tutoring, has been chosen by the Connecticut State Department of Education (CSDE) as an approved tutoring provider for the state’s 2023/2024 High-Dosage Tutoring (HDT) Program.

Key Points: 
  • Varsity Tutors , a Nerdy (NYSE: NRDY) company and the leading platform for live online tutoring, has been chosen by the Connecticut State Department of Education (CSDE) as an approved tutoring provider for the state’s 2023/2024 High-Dosage Tutoring (HDT) Program.
  • This new initiative is specifically designed to address math learning gaps among students in grades 6-9 across the state.
  • Varsity Tutors for Schools offers evidence-based, high-impact tutoring programs to over 230 school districts nationwide.
  • For more information about Varsity Tutors for Schools, visit: https://www.varsitytutors.com/school-solutions
    To fill out an application for the High-Dosage Tutoring Program, please visit: https://sdect.co1.qualtrics.com/jfe/form/SV_bDjpyssv6DcHdau

McGraw Hill Reports Fiscal Fourth Quarter and Full Year Fiscal 2023 Financial Results

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星期四, 五月 25, 2023

COLUMBUS, Ohio, May 25, 2023 /PRNewswire/ -- McGraw Hill, a leading global education company, today reported fiscal 2023 financial results for the fiscal year ending March 31. For the fiscal year, total billings grew 18% to $2.1 billion, digital billings increased 20% to $1.2 billion and adjusted EBITDA grew 23% to $776 million with adjusted EBITDA margin expanding for the fourth consecutive year.

Key Points: 
  • COLUMBUS, Ohio, May 25, 2023 /PRNewswire/ -- McGraw Hill, a leading global education company, today reported fiscal 2023 financial results for the fiscal year ending March 31.
  • "Fiscal year 2023 was an exciting year for McGraw Hill, highlighted by significant growth, ongoing re-investment in content development and digital capabilities, and a focus on strengthening digital recurring revenue," said Simon Allen, McGraw Hill CEO.
  • Higher Education billings were strong in the fourth quarter, driven, in part, by the expected shift from fiscal Q3 to Q4.
  • McGraw Hill is a leading global education company that partners with millions of educators, learners and professionals around the world.

New AI Enhancement to McGraw Hill's ALEKS Math and Chemistry Program Leads to Notable Increase in Student Learning

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星期四, 四月 13, 2023

COLUMBUS, Ohio, April 13, 2023 /PRNewswire/ -- Following three years of research and development, McGraw Hill has announced the deployment of deep learning neural networks into the artificial intelligence behind its ALEKS math and chemistry program, making it more efficient and effective for student learning. This is the latest innovation to the award-winning digital program that has been used by students and educators in K-12 schools and higher education institutions for more than two decades.

Key Points: 
  • "We're fortunate at McGraw Hill to have access to billions of learning data points from over 20 years of ALEKS use.
  • ALEKS is built on the foundation of Knowledge Space Theory, the mathematical approach to the modeling, assessment and guiding of student knowledge and learning.
  • This latest AI innovation was implemented to strengthen the ALEKS platform's adaptive learning technology, to meet evolving student learning behaviors and pedagogical approaches.
  • ALEKS will continue to apply the most impactful AI principles to its product portfolio to evolve with student and educator needs.

Ancora High School Partners with McGraw Hill to Launch New Online High School for Adults

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星期三, 二月 15, 2023

ARLINGTON, Texas, Feb. 15, 2023 /PRNewswire/ -- Workforce solutions provider Ancora has developed a new relationship with McGraw Hill to launch Ancora High School. The flexible, individualized and 100% online learning experience is open to learners aged 18 or older who have completed 9th grade. Students can apply on a rolling basis throughout the year and complete coursework on their own timeframe. Ancora High School is an online high school that offers a Texas high school diploma and is accredited by Cognia™.

Key Points: 
  • ARLINGTON, Texas, Feb. 15, 2023 /PRNewswire/ -- Workforce solutions provider Ancora has developed a new relationship with McGraw Hill to launch Ancora High School .
  • Ancora High School is an online high school that offers a Texas high school diploma and is accredited by Cognia™.
  • Ancora High School has earned accreditation by Cognia™ , a nonprofit organization that provides quality assurance for schools, school districts, and education service providers.
  • Upon completion of the enrollment application, the student will be contacted by an Ancora High School representative to discuss Ancora High School and the adult high school completion program.

McGraw Hill Reports Fiscal Third Quarter and Year-to-Date Fiscal 2023 Financial Results

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星期二, 二月 14, 2023

COLUMBUS, Ohio, Feb. 14, 2023 /PRNewswire/ -- McGraw Hill, a leading global education company, reported year-to-date (YTD) financial results ending December 2022 that demonstrate sustained momentum in digital billings growth, market share gains, and adjusted EBITDA margin expansion. The company reported total YTD billings growth of 19% to $1.8 billion and 23% growth in adjusted EBITDA to $756 million.

Key Points: 
  • The company reported total YTD billings growth of 19% to $1.8 billion and 23% growth in adjusted EBITDA to $756 million.
  • "Our year-to-date results reflect the strength of our execution and consistency of our delivery," said Simon Allen, CEO of McGraw Hill.
  • The acquisition adds to McGraw Hill's offerings in the growing digital medical education market.
  • McGraw Hill is a leading global education company that partners with millions of educators, learners and professionals around the world.

McGraw Hill ALEKS Recognized for STEM Education Innovation in 2022 EdTech Breakthrough Awards Program

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星期四, 六月 9, 2022

COLUMBUS, Ohio, June 9, 2022 /PRNewswire/ -- McGraw Hill, a leading global education company that partners with millions of educators, learners and professionals around the world, today announced that its ALEKS® online learning program has been selected as winner of the "Best STEM Solution for HigherEd" award in the fourth annual EdTech Breakthrough Awards. The annual awards program is conducted by EdTech Breakthrough, a leading market intelligence organization that recognizes the top companies and solutions in the global educational technology market.

Key Points: 
  • The annual awards program is conducted by EdTech Breakthrough , a leading market intelligence organization that recognizes the top companies and solutions in the global educational technology market.
  • Congratulations to the McGraw Hill team for taking home this well-deserved 2022 EdTech Breakthrough Award for the innovative ALEKS online learning program."
  • McGraw Hill is a leading global education company that partners with millions of educators, learners and professionals around the world.
  • The EdTech Breakthrough Awards provide a platform for public recognition around the achievements of breakthrough educational technology in categories includinge-learning, student engagement, school administration, career preparation, language learning, STEM and more.