We believe that our innovation in adaptive learning will allow us to become a leader in the test prep industry and the larger education sector.
New York, NY (PRWEB) August 11, 2009
AlwaysOn (AO), open-media pioneer and creator of the AlwaysOn executive event series, has selected Knewton (http://www.knewton.com) as the most innovative company in Digital Education for its 2009 Global 250 List. The AlwaysOn Global 250 distinction is awarded to emerging technology companies creating new business opportunities in high-growth markets. Knewton was selected by the AlwaysOn panel based on demonstration of growth, market opportunity, quality of innovation, and customer traction.
Despite the current economic downturn, Knewton has demonstrated an outstanding level of growth that has significantly outpaced the overall test prep market. In Q2 of 2009, Knewton more than doubled its Q1 2009 revenues, and anticipates accelerated growth in the second half of the year.
"We are honored by AlwaysOn's recognition--it's certainly exciting to have external validation of our hard work," said Jose Ferreira, Founder and CEO of Knewton. "We believe that our innovation in adaptive learning will allow us to become a leader in the test prep industry and the larger education sector."
Knewton is poised to transform the field of education by making use of web technologies to address each student's strengths, weaknesses and individual learning style. Knewton's revolutionary adaptive learning technology enhances a student's learning process by transforming vast amounts of educational content into a streamlined and personalized experience for each student. Knewton will ultimately help educators keep track of and assist at-risk students, make textbook content more engaging and interactive for students, and help to free up classroom time so that teachers can engage students in more creative thinking and learning exercises.
"It's no secret that technology and innovation are vital to bringing our country out of economic recession," said Tony Perkins, founder and editor of AlwaysOn. "The companies on this year's list have not only created innovative technologies that solve real business problems, but have stimulated economic growth through the generation of new jobs. I congratulate every winner selected for this year's award and wish them all tremendous success in the future."
The AlwaysOn Global 250 winners were selected from among hundreds of other technology companies nominated by investors, bankers, journalists, and industry insiders. The AlwaysOn editorial team conducted a rigorous three-month selection process to finalize the 2009 list.
A full list of all the AlwaysOn Global 250 winners can be found on the AlwaysOn website.
Knewton has developed the industry's most powerful adaptive learning engine, customizing educational content to meet the needs of each student. Whereas traditional classrooms and textbooks provide the same material to every student, Knewton dynamically matches lessons, videos, and practice problems to each student's ideal learning arc. Constant assessment across dimensions such as difficulty, frequency, and media maximizes learning efficiency and concept mastery. Knewton's GMAT prep and LSAT prep courses bring the brightest and most experienced teachers directly to students worldwide via a live and on-demand online video classroom. The Knewton platform also powers third-party educational content from major publishers, corporations, and other organizations. Knewton was founded by Jose Ferreira, a former Kaplan executive, with funding from Accel Partners, Bessemer Venture Partners, First Round Capital, and prominent angel investors. The company was a finalist in the 2008 Amazon.com Start-Up Challenge. http://www.knewton.com
ALWAYSON ignited the open-media revolution in early 2003 by being the first media brand to launch a global blog network. In 2004, ALWAYSON continued to lead the media industry in innovation by introducing a social network where members can connect and engage. ALWAYSON is also revolutionizing the media business by applying its open-media principles to its executive event series (Summit at Stanford, OnMedia, OnHollywood, OnDC, GoingGreen East and West, Venture Summit East and West) and quarterly print "blogozine" by empowering its members to post and share their ideas and meet each other online. As our loyal readers know, ALWAYSON is committed to the free-market, merit-driven approach to reporting and event programming. No other media brand has dared to create such open interaction with its readers and event participants.
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