Byju austriabased geogebra 100m11/28/2023 Byju's paid US$ $500 million for Epic, a digital reading platform based in the United States, in July of this year. It also bought Gradeup, one of India's leading online test preparation services, in September. Various other deals include the US$ 1 billion buy of New Delhi-based Aakash Educational Services (AESL) in April and the US$ 600 million acquisition of Singapore-headquartered Great Learning, a leading global player in professional and higher education. As the schools and offices remain shut, students and professionals are looking forward to upgrading their skills.įor about US$ 200 million, Byju's acquired US-based Tynker in September 2021, according to sources. The firm is making sure that GeoGebra's current apps and web services will continue to be available free of cost to put the power of mathematics into the hands of students and teachers at any given time.Īs the pandemic has accelerated the adoption of online education, Byju's has been on an acquisition spree in India and all over the world. Their commercial services help more than 300 established education service organizations and startups, while their non-profit helps students, teachers, researchers, and government agencies all around the world.īyju welcomes the social mission of GeoGebra and acknowledges its importance in the world of mathematics. GeoGebra involves an enterprise as well as a philanthropic non-profit organization. Markus, along with Michael Borcherds and Stephen Jull, the co-founders of GeoGebra founded in 2013, is on a mission to deliver rapid, sustainable growth in order to ensure GeoGebra has solid footings from which to deliver its vision over the long term. Our shared passion for learning and teaching resonates with BYJU'S, making them a perfect partner for our onward journey." He also added, "I am confident that this partnership will help millions of students to learn mathematics in an interactive way, in turn making them overcome their fear of math and learn to master it." Markus Hohenwarter said, "GeoGebra was born out of a passion for helping students learn math in a visually appealing and engaging manner. For students worldwide, the curriculum is provided in several languages. The software can be downloaded as an app or utilized online, and it has a simple user interface. The platform includes dynamic and interconnected geometry and algebra learning tools that assist in formulating and proving geometric conjectures. It has over 115 million students cumulatively learning from the app, 7 million paid subscriptions and an annual renewal rate of 86%.Īnita Kishore added, "Together with our combined strengths we will have a wider reach and the best resources to build innovative and exciting next-generation learning formats." However, the value of the transactions hasn't been released by the company.īyju's was launched in 2015 and since then has been a leading firm for schools and students in India to provide personalized learning programs. Mathematical thinking is grounded in visual processing. GeoGebra's interactive, multilingual, and stimulating learning environment will help make Math fun, visual and contextual. With a rapidly expanding community of over 100 million learners across over 195 countries, GeoGebra brings geometry, spreadsheets, graphing, algebra, statistics and calculus in one easy-to-use format. And with GeoGebra on board, we will continue to enhance further, reimagine and transform the way Math is taught and learned." Designed to improve mathematical understanding, it offers significant features that provide interactive resources that adapt to every child's style and pace of learning." She also added, "At Byju's, with the help of innovative teaching and technology, we have been making math fun, visual, and engaging. Anita Kishore, said, "The GeoGebra team has built a powerful and stimulating platform that complements Byju's mission of providing impactful learning for students. The Chief Strategy Officer at Byju's, Ms. Markus Hohenwarter, GeoGebra will continue to operate as an independent unit within the Byju's group. Under the leadership of its founder and developer, Mr. The two like-minded companies can bring comprehensive, personalized and immersive learning experiences to all students. It expands Byju's aim of making math an engaging subject to better learning outcomes. GeoGebra has a dynamic, interactive and collaborative mathematics learning tool.Ĭomplementing Byju's overall product strategy, this acquisition integrates GeoGebra's capabilities to create new product offerings and learning formats to its existing mathematics portfolio. This is Byju's 9th major acquisition this year, and the transaction amounts to US$ 100 million based on certain sources. The world's most valuable ed-tech company, Byju's acquired GeoGebra headquartered in GeoGebra.
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