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Instructure Holdings, Inc. (NYSE: INST) is a leading education technology company committed to enhancing student success, empowering teachers, and fostering collaborative learning environments. The company's flagship product, Canvas LMS, is a robust, cloud-based learning management system widely adopted by K-12 schools, higher education institutions, and professional education providers. In addition to Canvas LMS, Instructure's comprehensive suite includes Canvas Studio, Canvas Catalog, Mastery Assessment, and the recently acquired Parchment, among others.
Instructure's mission is to create solutions that amplify the power of teaching and elevate the learning process. The company's open, extendable, and configurable platform is designed to meet the diverse needs of educational institutions globally, improving student outcomes and providing a seamless learning experience.
In recent news, Instructure reported its financial results for the third quarter of 2023, showcasing strong business performance with best-in-class margin and record cash flow. The company also announced its acquisition of Parchment, the world's largest credential management platform. This strategic move is expected to significantly expand Instructure's customer base and open new growth opportunities by integrating digital credentialing into its learning platform.
Instructure's partnerships and integrations further bolster its offerings. Notably, a collaboration with Lucid Software will soon provide all Canvas users access to the Lucid Education Suite, enhancing the collaborative and visual learning experience.
Financially, Instructure continues to demonstrate robust performance and growth. For the full year 2023, the company reported increased revenue and adjusted unlevered free cash flow, driven by strong business execution and strategic acquisitions. Management remains confident in its ability to sustain growth and deliver value to shareholders.
With a focus on innovation and a commitment to education, Instructure is well-positioned to continue leading the edtech industry and support the evolving needs of educators and learners worldwide. For more information, visit www.instructure.com.
Instructure Holdings (NYSE: INST) announced the acquisition of Scribbles, a leading provider of credentialing and records management solutions for K-12 school districts across the U.S. This strategic move aims to enhance Instructure's credentialing network, particularly in K-12 education, and improve support for district transfers and student mobility.
Steve Daly, CEO of Instructure, highlighted Scribbles' role in strengthening the company's ecosystem and enhancing capabilities for credential validation, transfer, and storage. The acquisition aligns with Instructure's goal to facilitate seamless enrollment and student transfer solutions for parents, schools, and districts. Scribbles, based in Charlotte, N.C., has around 35 employees. Terms of the deal were not disclosed.
Instructure announces keynote speakers for InstructureCon 2024, taking place from July 9-11 at the Venetian Resort in Las Vegas. Key speakers include Jimmy Chin, Mary Murphy, and Dr. Jordan Nguyen. The event will feature over 260 sessions focused on AI, lifelong learning, and classroom-tested best practices. Attendees will engage with Instructure's partner community, which comprises over 1,000 partners, including 65 event sponsors. Notable sponsors include AWS, K16 Solutions, and Lincoln Learning Solutions. The conference will also highlight new AI-driven innovations aimed at enhancing the learning experience.
Instructure has launched an offline access feature for its Canvas Student mobile app, marking a significant advancement in equitable learning. This feature allows students to download and access pre-selected course materials without internet connectivity. A recent study by Hanover Research highlighted that 82% of higher education students see technology access as a socioeconomic barrier. The offline mode supports Instructure's mission to improve accessibility and equity in education, enabling users to manage content automatically and sync changes once reconnected. The app's interface is interactive, supports multiple users on shared devices, and can be customized at the institution level. The new feature is now available on iOS and Android.
LearnPlatform by Instructure has released its seventh EdTech Top 40 report, detailing the use of digital tools in K-12 education during the 2023-24 school year.
The report shows an 8% increase in the number of unique edtech tools accessed compared to the previous year, with 3.9 million student and teacher interactions recorded.
On average, K-12 institutions accessed 2,739 distinct tools annually and 1,436 tools monthly. The report highlights the importance of selecting interoperable, effective, and safe tools.
New entrants to the Top 40 include PBS, Panorama Education, Scratch, Adobe, and Grammarly, reflecting the rise of AI technology in schools.
32% of the tools in the 2024 EdTech Top 40 have ESSA-aligned research supporting their effectiveness. The data was gathered from over 57 billion engagements across more than 9,000 products.
All data complies with federal and state privacy laws, ensuring student data protection.
Instructure Holdings (NYSE: INST) announced that CFO Peter Walker will present at the Baird Global Consumer, Technology & Services Conference in New York City on June 4, 2024, at 10:50 a.m. ET. The presentation will be available via webcast, with a -time archive on the company's investor relations website. Instructure is an education technology company that supports millions of educators and learners worldwide through its Learning Platform.
Instructure, collaborating with Internet2, announced the formation of a Data Governance Advisory Council to tackle higher education's data management and archiving needs. This council includes members from both Instructure and Internet2, as well as representatives from various educational institutions globally. Their goal is to recommend data hygiene and governance standards while addressing challenges like student data privacy and security. The council will share research findings and provide guidance for consistent data governance policies. This initiative aims to support the edtech industry through research and strategy development, ultimately enhancing operational efficiency and student protection.
Instructure Holdings, Inc. (NYSE: INST) will be presenting at upcoming investor conferences including the 19th Annual Needham Technology, Media & Consumer Conference and the 52nd Annual J.P. Morgan Global Technology, Media and Communications Conference. Company executives will be hosting presentations and meeting with investors to discuss the future outlook of the education technology company. The webcasts will be available for viewing on Instructure's investor relations website.
Instructure Holdings, Inc. reported strong first quarter 2024 financial results, with total revenue growing by 20.7% year-over-year to $155.5 million. The GAAP Net Loss Margin decreased by 440 basis points year-over-year to (13.6)%, while the Adjusted EBITDA Margin expanded by 430 basis points to 41.8%. The company exceeded all guided metrics, showcasing operational scale and growth in revenue. Instructure is focused on delivering a top-tier experience to educators, students, and partners, particularly with the integration of Parchment into its platform.
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