Blue Sky Does the Math and Invests in ORIGO Education
(PRWEB) September 30, 2015 -- Blue Sky Alternative Investments (ASX:BLA) has stamped the education-technology sector as one to watch after securing a multi-million dollar stake in ORIGO Education through its private equity division.
“ORIGO Education is leading the market in innovative learning,” stated Lachlan McMurdo, investment director for Blue Sky Private Equity. “The key competitive advantage lies in the high quality of their resources, written by an expert team of authors. Educators worldwide seek out ORIGO’s founders because of the impressive intellectual property they have developed over the years.”
The capital investment will enable the company to increase research and development across its existing suite of products. ORIGO creates resources that empower teachers, engage students, and promote a deep level of mathematical understanding. Its elementary mathematics solutions are tailored to local curricula through cloud-based digital products.
ORIGO has won several long-term contracts over the past two years, boosting revenue by 400 percent in 2014. The company’s core product, Stepping Stones, is used in over 100 school districts across the US including three of the top 50 largest – reaching half-a-million students.
“The fact prominent school districts have selected ORIGO's products over other established education publishers has strengthened our reputation both in the U.S. and internationally,” said James Burnett, co-founder of ORIGO Education.
“ORIGO’s successful expansion in the massive U.S. market is proof of the global scalability of the business. Its recurring revenue base gives us and our investors a great deal of confidence,” said McMurdo.
The K-5 math instructional materials market in the U.S. alone is worth $1.3 billion in revenue each year, according to research by the investment firm.
“We are excited about the opportunities this partnership brings,” said Burnett. “Our expanded capacity will drive the development of products and services that disrupt the status quo to positively impact students in the classroom. It will also equip us with the resources to cultivate new territories and product markets, and gain widespread adoption of our core curriculum.”
To learn more about ORIGO Stepping Stones, visit http://www.origoeducation.com/steppingstones.
About ORIGO Education
ORIGO Education covers all facets of elementary mathematics education, from traditional printed products to digital interactive resources and professional learning. ORIGO’s web-based curriculum, Stepping Stones, is a comprehensive, core mathematics curriculum for grades K–5. The technology-rich program blends online resources with traditional printed materials, resulting in a classroom that is engaged and provides differentiated learning. Professional development videos are embedded within the online program, giving teachers the confidence and knowledge they need to be successful. For more information about Stepping Stones, visit http://www.origoeducation.com/SteppingStones.
Olivia Hoff, C. Blohm & Associates, +1 (608) 216-7300 Ext: 22, [email protected]
Share this article