Digital Ready Announces Partnership With Varsity Tutors for Schools to Provide Live and On-Demand Tutoring Resources for Students

Rhea-AI Summary

Digital Ready has partnered with Varsity Tutors for Schools, a Nerdy (NYSE: NRDY) company, to provide free access to their online tutoring platform for students. This collaboration aims to support students' college and career goals by offering 24/7 on-demand academic support for the entire school year.

The Varsity Tutors platform includes features such as:

• 24/7 On-Demand Chat Tutoring
• On-Demand Essay Review
• Live Enrichment and Remediation Classes
• SAT and ACT Test Prep Classes
• Self Study Resources
• College & Career Readiness Resources
• Adaptive Assessments & Personalized Learning Plans

Over 500 school districts across the country already use this platform to supplement classroom learning and close learning gaps. The partnership aims to deepen students' understanding of critical academic content, particularly in STEM fields.

Positive

• Partnership provides free access to Varsity Tutors platform for students
• Offers 24/7 on-demand academic support for the entire school year
• Platform includes various features like test prep, essay review, and personalized learning plans
• Aims to close learning gaps and supplement classroom learning
• Over 500 school districts already utilize the platform

Negative

• None.

Insights

Education Technology Analyst

This partnership between Digital Ready and Varsity Tutors for Schools, a Nerdy company, is a strategic move in the ed-tech space. It provides free access to comprehensive tutoring resources for students, which could significantly impact Nerdy's user base and market penetration. The deal includes valuable features like 24/7 on-demand tutoring, test prep and career readiness resources, potentially increasing student engagement and retention on the platform. For Nerdy (NRDY), this partnership could lead to increased brand recognition and possibly translate to revenue growth in the long term through upselling or conversion of free users to paid services. However, the immediate financial impact may be as the service is offered for free. Investors should monitor how this partnership affects user acquisition costs and long-term customer value for Nerdy.

Market Research Analyst

While this partnership is positive for Nerdy's expansion strategy, its impact on the stock may be in the short term. The company's low market cap of $111.5 million suggests it's still in a growth phase and such partnerships are important for scaling. However, offering services for free might pressure margins initially. The key metrics to watch will be user growth, engagement rates and any potential increase in paid conversions resulting from this exposure. The partnership with Digital Ready could serve as a model for future collaborations, potentially opening doors to more extensive contracts with educational institutions. Investors should look for similar deals in the future as indicators of Nerdy's expanding market presence and ability to monetize its user base effectively.

BOSTON--(BUSINESS WIRE)-- Digital Ready is pleased to announce an exciting partnership with Varsity Tutors for Schools, a Nerdy (NYSE: NRDY) company and the leading platform for live online tutoring, to provide students with access to their platform for free, so that students can get on-demand academic support when they need as they pursue their college and career goals. This partnership ensures that students and their families have access to academic tutoring and resources for the entire school year.

The Varsity Tutors platform integrates interactive study tools, collaborative workspaces, and dynamic tutoring resources, including:

• 24/7 On-Demand Chat Tutoring
• On-Demand Essay Review
• Live Enrichment and Remediation Classes
• SAT and ACT Test Prep Classes
• Celebrity-Led StarCourse Classes
• Self Study Resources
• College & Career Readiness Resources
• Adaptive Assessments & Personalized Learning Plans
• Recorded Enrichment Classes

“Access to Varsity Tutors for Schools platform is an indispensable resource for our young people as they move along their college and career pathways,” said Patrick Nugent, Manager of Student Success at Digital Ready. “Access to on-demand academic support will ensure they deepen their understanding of critical academic content that is needed to succeed in rigorous STEM fields and prepare them for college and career.”

Over 500 school districts across the country utilize the Varsity Tutors for Schools platform to supplement classroom learning and to effectively close learning gaps. When students need help with homework or are struggling to solve a problem, they can immediately chat with a tutor, 24/7, to get the help they need. Students can take practice tests and follow personal lesson plans for guided self-study. They can also sign up for expert-led live classes, and learn subjects like Geometry, Middle School Math, Elementary School Reading and more, alongside their peers.

“Varsity Tutors for Schools delivers a rich set of learning options to deploy for all students,” said Anthony Salcito, Chief Institutional Officer at Varsity Tutors for Schools. “Our comprehensive platform access is now available to all K-12 schools at no cost, allowing them to budget for targeted intervention with best-in-class high-dosage tutoring options, including flexible implementation models that can put administrative staff, teachers, or parents at the center of the high-dosage tutoring relationship, depending on the needs of the district.”

About Digital Ready

Digital Ready is a Boston-based organization with a mission to activate the creative potential of high school students, especially underrepresented young people—students from low-income backgrounds and students of color—with the agency, social capital, and skills to build their own pathways to economic mobility and success in Boston’s innovation economy. For more information, visit www.digitalready.org or follow @digitalreadyboston on Instagram.

About Varsity Tutors for Schools

Varsity Tutors, the industry leading online tutoring platform trusted by millions of families, launched Varsity Tutors for Schools, aimed at assisting district leaders in delivering 1:1 tutoring and comprehensive learning support. Varsity Tutors has a proven track record of successful collaboration with over 500 K-12 schools and districts, offering three implementation models: District Assigned, Parent Assigned, and Teacher Assigned. Each implementation model includes facilitating high-dosage, recurring, face-to-face tutoring in 1:1 or small group settings for any grade or subject, 24/7 on-demand tutoring, essay reviewing, and dedicated support for college admissions and test preparation. Learn more about how Varsity Tutors provides tailored educational solutions and partners with K-12 districts at https://www.varsitytutors.com/school-solutions.

About Nerdy Inc.

Nerdy (NYSE: NRDY) is a leading platform for live online learning, with a mission to transform the way people learn through technology. The Company’s purpose-built proprietary platform leverages technology, including AI, to connect learners of all ages to experts, delivering superior value on both sides of the network. Nerdy’s comprehensive learning destination provides learning experiences across 3,000+ subjects and multiple formats - including Learning Memberships, one-on-one instruction, small group classes, large format group classes, coding, tutor chat, essay review, and adaptive self-study. Nerdy’s flagship business, Varsity Tutors, is one of the nation’s largest platforms for live online tutoring and classes. Its solutions are available directly to students and consumers, as well as through schools and other institutions. Learn more about Nerdy at https://www.nerdy.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20241004428443/en/

Jeff Pecor

Tailwind Public Relations

206.948.1482

jeff@tailwindpr.com

Source: Varsity Tutors

FAQ

What services does the Digital Ready and Varsity Tutors for Schools partnership offer?

The partnership offers free access to Varsity Tutors' online platform, providing 24/7 on-demand chat tutoring, essay review, live classes, SAT/ACT prep, self-study resources, and personalized learning plans.

How long will students have access to the Varsity Tutors platform through this partnership?

Students will have access to the Varsity Tutors platform for the entire school year.

What is the stock symbol for Nerdy, the parent company of Varsity Tutors for Schools?

The stock symbol for Nerdy, the parent company of Varsity Tutors for Schools, is NYSE: NRDY.

How many school districts currently use the Varsity Tutors for Schools platform?

Over 500 school districts across the country currently utilize the Varsity Tutors for Schools platform.

What specific academic areas does the Varsity Tutors platform focus on?

The platform focuses on various subjects, including STEM fields, Geometry, Middle School Math, Elementary School Reading, and provides resources for college and career readiness.