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Instructure and OpenAI Announce Global Partnership to Embed AI Learning Experiences within Canvas
Prnewswire· 2025-07-23 17:00
First-of-its-kind integration transforms education by embedding OpenAI's technology directly within the Canvas learning environment, empowering educators and amplifying student potentialSALT LAKE CITY and SAN FRANCISCO, July 23, 2025 /PRNewswire/ -- Instructure, the world's leading edtech ecosystem and maker of Canvas Learning Management System (LMS) and OpenAI, the artificial intelligence research organization, today announced a global partnership that introduces a new integration that enables teachers to ...
EdTech Market Forecast Report 2024-2029 - Learning Management Systems (LMS) Providers such as Canvas by Instructure, Moodle, Blackboard and Schoology Dominate the Market
GlobeNewswire News Room· 2024-10-29 12:56
Market Overview - The global EdTech market was valued at USD 334.29 billion in 2023 and is expected to reach USD 738.60 billion by 2029, growing at a CAGR of 14.13% [1] - The market is highly competitive with established players and startups aiming to revolutionize education through technology [2] Key Players and Solutions - Learning Management Systems (LMS) providers like Canvas, Moodle, Blackboard, and Schoology dominate the market, offering comprehensive platforms for course creation, content management, assessments, and analytics [3] Women in EdTech - Women play a significant role in the EdTech market as both learners and professionals, driving growth and innovation [4] - Only 35% of STEM students in higher education worldwide are women, but EdTech offers flexibility that can help bridge this gap [5] - EdTech empowers women to pursue careers in STEM and leadership roles, while also contributing as professionals in the industry [6] Market Trends and Drivers - Gamification is gaining popularity in education, enhancing engagement across different levels and addressing issues like lack of understanding in higher education [7] - The demand for online and remote learning has surged, accelerated by the COVID-19 pandemic, with platforms like Coursera, Udemy, and edX seeing significant enrollment increases [8] Industry Challenges - Data security concerns are a major restraint, as EdTech platforms store sensitive information that is prone to cyberattacks [9] Business Models and Segmentation - The freemium model is widely adopted by EdTech companies to attract customers and establish trust, with free trials used to convert users into subscribers [10][11] - The market is segmented into hardware, software, and technology-enabled services, with hardware holding the largest market share in 2023 and software projected to grow at a CAGR of 15.02% [12] - By sector, the K-12 education segment is expected to lead in revenue, followed by higher education, driven by the adoption of advanced technologies and online learning [13] Geographical Analysis - North America holds a significant share of the EdTech market due to well-established companies and a robust education technology ecosystem [14] - The APAC region is a major contributor to the global EdTech market, driven by rapid urbanization, smartphone penetration, and increasing disposable incomes in countries like China, South Korea, and India [15] Competitive Landscape - Key players in the market include 2U Inc, Anthology Inc, Byju's, Udemy, Coursera, and Pearson PLC, among others [16][17] Market Opportunities and Growth Enablers - Opportunities include the rising popularity of gamified learning, hybrid learning models, personalized learning solutions, mobile learning, and the integration of VR & AR technology [19] - Growth enablers include improvements in connectivity infrastructure, rising demand for online learning, surging demand for digital skills, and increasing costs of traditional education [19] Market Restraints - Restraints include data security concerns, evolving regulations, the emergence of open-source solutions, and lack of proper infrastructure [20]
Instructure Unveils Comprehensive Lifelong Learning Report: Trends & Insights from K-12 to Career
Prnewswire· 2024-10-22 12:55
Collaboration between education and industry emerges as key to future-proofing learners, bridging the gap between academic knowledge and workforce skillsSALT LAKE CITY, Oct. 22, 2024 /PRNewswire/ -- Instructure, the leading learning technology ecosystem and maker of Canvas LMS, released "The Lifelong Learning Report: Trends & Insights from K-12 to Career," a comprehensive study analyzing the evolving landscape of education and the role technology plays in shaping the future of learning. The report provides ...
Instructure Integrates Microsoft Reflect with Canvas LMS, Expands Mental Wellness Resources Ahead of World Mental Health Day
Prnewswire· 2024-10-09 16:19
SALT LAKE CITY, Oct. 9, 2024 /PRNewswire/ -- Instructure, the leading learning technology ecosystem and maker of Canvas LMS, is proud to announce a newly available complimentary integration of Microsoft Reflect into Canvas, a step designed to enhance global mental wellness support for students and educators just in time for World Mental Health Day on October 10. The integration aims to streamline social-emotional learning (SEL) within the digital classroom, through K-12 to higher education, making mental we ...
Instructure Launches First-of-its-Kind Education Policy Atlas to Aid in Identifying Funding Requirements for Every State
Prnewswire· 2024-10-09 13:00
SALT LAKE CITY, Oct. 9, 2024 /PRNewswire/ -- In keeping with an ongoing commitment to maximizing edtech effectiveness, Instructure has published the Education Policy Atlas, a valuable new resource outlining the federal, state, and funding guidelines for Every Student Succeeds Act (ESSA) evidence. Created for K-12 districts, state departments of education and edtech companies, this first-of-its-kind atlas outlines the specific evidence requirements for any state in the country. Instructure already provides c ...
Is the Options Market Predicting a Spike in Instructure (INST) Stock?
ZACKS· 2024-08-19 16:31
Group 1 - Investors in Instructure Holdings, Inc. (INST) should monitor stock movements due to high implied volatility in the options market, particularly the Dec 20, 2024 $5 Call option [1] - Implied volatility indicates market expectations for significant price movement, suggesting potential upcoming events that could lead to a rally or sell-off [2] - Instructure currently holds a Zacks Rank 3 (Hold) in the Technology Services industry, which is in the top 29% of the Zacks Industry Rank, with no changes in earnings estimates from analysts over the last 30 days [3] Group 2 - The high implied volatility for Instructure may indicate a developing trading opportunity, as options traders often seek to sell premium on such options to capture decay [4]
Instructure Holdings (INST) Beats Q2 Earnings and Revenue Estimates
ZACKS· 2024-08-02 22:25
Instructure Holdings (INST) came out with quarterly earnings of $0.23 per share, beating the Zacks Consensus Estimate of $0.19 per share. This compares to earnings of $0.19 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 21.05%. A quarter ago, it was expected that this education technology company would post earnings of $0.14 per share when it actually produced earnings of $0.22, delivering a surprise of 57.14%. Over the last ...
Instructure(INST) - 2024 Q2 - Quarterly Report
2024-08-02 20:07
Financial Performance - Revenue for Q2 2024 was $170.4 million, up 30% from $131.1 million in Q2 2023[75] - Net loss for Q2 2024 was $20.9 million, compared to a net loss of $11.0 million in Q2 2023[75] - Adjusted EBITDA for Q2 2024 was $73.4 million, an increase from $51.3 million in Q2 2023[76] - Revenue for the first half of 2024 was $325.9 million, up 25.4% from $259.9 million in the first half of 2023[76] - Net loss for the first half of 2024 was $42.1 million, compared to a net loss of $22.8 million in the first half of 2023[76] - Total revenue for the three months ended June 30, 2024, was $170.4 million, a 30% increase from $131.1 million in the same period of 2023[99] - Net loss for the three months ended June 30, 2024, was $20.9 million, compared to a net loss of $11.0 million in the same period of 2023[99] Cash Flow and Liquidity - Operating cash flow for Q2 2024 was $(8.2) million, down from $25.1 million in Q2 2023[76] - Free cash flow for Q2 2024 was $(10.0) million, compared to $23.5 million in Q2 2023[76] - As of June 30, 2024, the company's liquidity sources included cash, cash equivalents, and restricted cash totaling $145.2 million, down from $344.2 million as of December 31, 2023[117] - Net cash used in operating activities for the six months ended June 30, 2024, was $100.7 million, compared to $55.8 million for the same period in 2023[121] - Net cash used in investing activities during the six months ended June 30, 2024, was $825.5 million, primarily due to the acquisition of Parchment[122] - Net cash provided by financing activities for the six months ended June 30, 2024, was $728.3 million, driven by borrowings under the 2023 Incremental Term Loans[123] Expenses and Costs - Operating expenses increased to $113.2 million for the three months ended June 30, 2024, up from $87.9 million in the same period of 2023, reflecting higher sales and marketing costs[99] - Research and development expenses increased to $31.2 million for the three months ended June 30, 2024, compared to $21.5 million in the same period of 2023[99] - Interest expense for the three months ended June 30, 2024, was $26.4 million, significantly higher than $10.3 million in the same period of 2023[99] - General and administrative expenses rose by $6.8 million (48%) for the three months ended June 30, 2024, mainly due to increased third-party contractor costs[111] - Sales and marketing expenses increased by $8.8 million (17%) for the three months ended June 30, 2024, driven by higher salaries and amortization of acquisition-related intangibles[107] Acquisitions and Strategic Moves - The company acquired Parchment in February 2024 and Scribbles on July 1, 2024, to enhance its learning platform[75] - For the six months ended June 30, 2024, subscription and support revenue rose by $65.2 million (27%) compared to the same period in 2023, with significant contributions from the acquisition of Parchment[102] Debt and Financing - The company had outstanding borrowings of $1,170.3 million on the Senior Term Loan and the 2023 Incremental Term Loans as of June 30, 2024[120] - The Senior Secured Credit Facilities include a $500.0 million senior secured term loan and a $125.0 million revolving credit facility[119] - The interest rate on the Senior Term Loan decreased from 8.68% to 8.35% between December 31, 2023, and June 30, 2024[80] - The company may seek additional equity or debt financing if required, which could impact its ability to compete successfully[117] Future Outlook and Risks - The company expects operating cash flows to improve as operational efficiency increases and economies of scale are realized[117] - The company expects continued challenges in acquiring new customers and retaining existing ones, impacting future revenue growth[137] - Forward-looking statements indicate potential risks related to the completion of the merger and overall economic conditions affecting business performance[137]
SHAREHOLDER ALERT: The M&A Class Action Firm Investigates Merger of Instructure Holdings, Inc. - INST
Prnewswire· 2024-07-26 19:16
Group 1 - Monteverde & Associates PC is investigating Instructure Holdings, Inc. regarding its proposed merger with Icon Parent Inc. [1] - Under the merger agreement, Instructure shareholders will receive $23.60 in cash for each share they own [1] - Monteverde & Associates PC has been recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report [1] Group 2 - The law firm is headquartered in the Empire State Building in New York City [1] - The firm has a successful track record in recovering money for shareholders through class action lawsuits [5] - The firm offers free consultations with no cost or obligation to potential clients [2]
SHAREHOLDER ALERT: Kaskela Law LLC Announces Investigation of Proposed Instructure Holdings, Inc. (NYSE: INST) Shareholder Buyout and Encourages Investors to Contact the Firm
GlobeNewswire News Room· 2024-07-26 17:52
Core Viewpoint - Kaskela Law LLC has initiated an investigation into the proposed buyout of Instructure Holdings, Inc. due to potential conflicts of interest affecting the fairness of the sales process and share price offered to shareholders [1][2]. Group 1: Buyout Details - On July 25, 2024, Instructure announced its agreement to be acquired by KKR at a price of $23.60 per share, representing a premium of $0.87 or less than 4% over the previous day's closing price of $22.73 [3]. - Prior to the buyout announcement, Instructure's shares were trading above $25.00, with analysts maintaining price targets exceeding $30.00 per share [2]. Group 2: Shareholder Concerns - Shareholders of Instructure who are dissatisfied with the buyout price are encouraged to reach out to Kaskela Law LLC for information regarding their legal rights and the ongoing investigation [4].