OKpanda Live Has Been Acquired by ALC Press, One of Japan's Pioneering Education Technology Companies
New York based startup OKpanda Inc. is pleased to announce the acquisition of it's OKpanda Live English instruction service by ALC Press Inc., a Japanese leader in education, technology and publishing. Combining OKpanda's technology with ALC's know-how and content, the acquisition is expected to transform the way people learn English with an initial focus on the Japanese market.
NEW YORK, Mar. 27, 2019 /PRNewswire-PRWeb/ -- Today, OKpanda is announcing the close of the acquisition of its OKpanda Live English service by ALC Press, a subsidiary of publicly traded Freebit.
ALC Press, founded in Tokyo in 1969, has long been a key leader in learning and language study, assisting millions of students in leveling up their language skills over the years. Their products and services include e-learning materials, language textbooks, language magazines and English language training services.
OKpanda's unique technology and content combined with ALC Press' desire to expand its offerings prompted the acquisition. OKpanda's tight binding of live instruction with digital practice is unique in the industry. Based on the Common European Framework for language instruction, OKpanda's tools allow extreme customization and personalization on a topical and individual user basis while maintaining full academic rigor. Since its launch in Japan in December 2016, OKpanda Live, a service that unifies live video instruction with a tightly aligned, personalized digital curriculum has reached over 500,000 users.
In OKpanda Live, each individual student is provided with a course plan and practice materials that change dynamically based on that student's performance in live lessons and in the practice materials themselves. Also, in lessons, teachers record student mistakes and log their corrections, such that students can focus on their unique weaknesses, captured live.
The synergies of this agreement combine ALC Press' technology, distribution and content with OKpanda Live's unique technology and pedagogy, and they provide a foundation for English learning dominance in Japan, a market where, despite at least $50 billion spent on private English education in the past decade alone, results should be significantly better.
About OKpanda
OKpanda, launched in 2013 and based in NY, targets the $20+ billion dollar English learning space in Asia with a focus on Japan, where a great majority of revenues still go to brick and mortar language schools. OKpanda leverages insights from social media and behavioral economics delivering superior curricula, smart incentives and context awareness to achieve outcomes via smartphones and other digital channels.
SOURCE OKpanda
Share this article