PrepMe

PrepMe is a for-profit American company that offers online courses and tutoring for standardized achievement tests, in particular those offered by the Educational Testing Service (ETS), such as the PSAT and SAT; and the ACT offered by ACT, Inc. PrepMe also developed its Coursification platform to open its adaptive online learning platform to publishers. Over 100,000 students have used the company's programs.[1]

PrepMe LLC
TypeTest preparation, Adaptive learning
IndustryInternet, Education
Founded2001
HeadquartersChicago, Illinois, USA
Key people
Karan Goel: CEO/Co-Founder

Avichal Garg: CTO/Co-Founder
Joe Jewell: VP/Co-Founder

Eva Prokop: VP Business Development
WebsitePrepMe.com

History

The company was founded in 2001 by Avichal Garg, Karan Goel, and Joe Jewell, Stanford, University of Chicago, and Caltech students respectively. It is based in Chicago with a software engineering team in Palo Alto, California. One of the company's co-founders, Avichal Garg, a former Google product manager, raised investment capital from other former Google employees to fund PrepMe. The company was incubated at the University of Chicago Booth School of Business' Polsky Center for Entrepreneurship after it won the university's 2005 New Venture Challenge.

On February 1, 2007, Maine governor John Baldacci announced that for three years PrepMe planned to let every junior in Maine use its online SAT preparation program without cost to themselves, their school, or the state. Office of the Governor Release.

In 2008, PrepMe was recognized at the Chicago Innovation Awards and was featured on the front cover of Fortune Small Business.[2]

On May 28, 2013, Hobsons launched the PrepMe Vocabulary Quiz Facebook Game to help students practice for the SAT.[3]

Acquisition

In July 2011, PrepMe's adaptive learning platform was acquired by Ascend Learning backed by Providence Equity Capital, which also owns Blackboard Inc. and Archipelago Learning.[4]

The acquisition gave Ascend ownership of PrepMe's Coursification™ platform, a software service launched in March 2011 that enables customized online-learning courses.[5] PrepMe continues to provide college readiness and preparation services under license from Ascend.[6]

In February 2012, PrepMe's PSAT, SAT and ACT test preparation business was acquired by Naviance, a provider of college and career readiness solutions for high schools and other K-12 institutions.[7]

References
  1. Strambor, Zak (2011-07-18). "Venture Prone". TechCrunch. Retrieved 2011-07-18. More than Over 100,000 students have used courses built on PrepMe’s platform
  2. Schonwald, John (2005-11-23). "College alumnus becomes first-place entrepreneur". University of Chicago Chronicle. Retrieved 2009-03-17. The prize, which the magazine announced this month as its cover story, will give Goel’s new company PrepMe.com $35,000.
  3. "Hobsons Launches PrepMe Vocabulary Quiz Facebook Game to Help Students Practice for SAT". PRWeb. Retrieved 28 May 2013.
  4. Strambor, Zak (2011-07-18). "Blackboard Buyer Providence Equity Acquires Personalized Online Learning Platform From PrepMe". TechCrunch. Retrieved 2011-07-18. Digital learning company Ascend Learning is acquiring PrepMe’s adaptive learning platform and virtual classroom SaaS
  5. Rao, Leena (2011-03-28). "PrepMe's Coursification Offers A Personalized Online Learning Platform". TechCrunch. Retrieved 2011-07-27. Online test prep company PrepMe is taking on the likes of online course platform Blackboard with the launch of Coursification, a web-based application for personalized online learning courses.
  6. Pletz, John (2011-07-26). "PrepMe sells core technology to vocational ed company". Crain's Chicago Business. Retrieved 2011-07-27. The Chicago-based startup will continue to offer its products that help students prepare for SAT, ACT or PSAT tests.
  7. "Naviance Acquires PrepMe to Enhance College and Career Readiness Solution". PRNewswire. 16 February 2012. Retrieved 26 March 2012.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.