Student Brands

Learneo Advances Platform Strategy with Second Acquisition this Year

Retrieved on: 
Wednesday, May 31, 2023
Learning, CliffsNotes, Barnes & Noble Education, Course Hero, Acquisition, LanguageTool, AI, Student Brands, NYSE, DSS, Tutoring, Symbolab

REDWOOD CITY, Calif., May 31, 2023 /PRNewswire/ -- Learneo, Inc., a platform of productivity and learning businesses and technologies, today announced that it entered into a definitive agreement and closed on the acquisition of the Digital Student Solutions (DSS) segment of Barnes & Noble Education, Inc. (NYSE: BNED), which includes bartleby®  and Student Brands. DSS expands Learneo's suite of supplemental learning technologies with multiple subscription-based solutions offering high-quality educational content, as well as study and writing support and tools across several languages.

Key Points: 
  • "Learneo is shaping a world where everyone has the resources to learn and achieve their fullest potential," said Andrew Grauer, CEO of Learneo.
  • In December 2022, Learneo established an ambitious plan to develop and acquire productivity and learning technologies.
  • The acquisition of DSS quickly follows the Company's acquisition of the AI-powered multilingual writing platform, LanguageTool, last month.
  • Learneo now comprises eight business lines including CliffsNotes, Course Hero, DSS (bartleby® and Student Brands), LanguageTool, LitCharts, QuillBot, Scribbr, and Symbolab.

Barnes & Noble Education Announces the Sale of Its DSS Segment and Provides Certain Preliminary Fiscal Year 2023 Results

Retrieved on: 
Wednesday, May 31, 2023
Retail, Other Education, Publishing, Technology, Continuing, University, Primary, Secondary, Education, Communications, Training, Online Retail, Other Retail, Other Technology, Specialty, Software, Autumn, Bank statement, Line of credit, Sale, School, Student, EBITDA, Student Brands, FDC, ABL, Growth, Adjustment, NYSE, DSS, Bank

Barnes & Noble Education, Inc. (NYSE: BNED) , a leading solutions provider for the education industry, today provided a business update and certain preliminary, unaudited financial results for the twelve months ended April 29, 2023.

Key Points: 
  • Barnes & Noble Education, Inc. (NYSE: BNED) , a leading solutions provider for the education industry, today provided a business update and certain preliminary, unaudited financial results for the twelve months ended April 29, 2023.
  • Proceeds, net of certain transaction fees, severance costs, escrow, and other considerations, to BNED at closing were approximately $20 million.
  • The Company will report the DSS segment as discontinued operations for the year ending April 29, 2023.
  • In Fiscal 2023, DSS segment unaudited non-GAAP adjusted EBITDA is not expected to materially impact consolidated full year non-GAAP adjusted EBITDA.

Barnes and Noble Education Launches AI Content Detector on Bartleby

Retrieved on: 
Wednesday, March 15, 2023
University, Other Retail, Primary, Secondary, Education, Technology, Training, Retail, Software, Artificial Intelligence, Other Education, Continuing, GPT3, DSS, NYSE, Barnes, Human, Writing, Eastern Kentucky University, Student, Associate, Content, Social media, ChatGPT, Barnes & Noble Education, Thought, Noble, Student Brands, Autumn, News, AI, Management, Book

Barnes & Noble Education, Inc. (NYSE: BNED) , a leading solutions provider for the education industry, today announced the launch of IdentifAI™️, a free AI content detector.

Key Points: 
  • Barnes & Noble Education, Inc. (NYSE: BNED) , a leading solutions provider for the education industry, today announced the launch of IdentifAI™️, a free AI content detector.
  • The tool is currently in beta and will be available via bartleby ® Write’s online platform later this month.
  • In initial testing, the tool accurately identified AI writing approximately 90% of the time.
  • “At Student Brands and Barnes and Noble Education , we believe that AI can awaken a student’s critical thinking skills, but it should not become a substitute for thinking itself,” said Sudhir Krishnaswamy, CTO of Barnes and Noble Education DSS and CEO of Student Brands.