⚡ Executive Summary
Desire2Learn (D2L), a global education technology company, has acquired Wiggio, an all-in-one platform for students, for $80 million. This is D2L’s second acquisition in two months, following their May 2022 purchase of Higher Education Research Association member Brightspace. Wiggio’s unique features and user-friendly interface make it a top choice for students seeking a more engaging and collaborative learning experience, providing them with what some consider the “anti-SharePoint” for students.
Key Takeaways:
- Desire2Learn acquired Wiggio for $80 million
- This is D2L’s second acquisition in two months
- Wiggio’s user-friendly interface and “anti-SharePoint” features make it a compelling choice for students
As an education technology journalist, I’ve seen numerous attempts by companies to bridge the gap between traditional classroom settings and the digital age. Desire2Learn, a well-established player in the education technology market, has made its second acquisition in just a couple of months, this time snagging Wiggio for $80 million. This deal marks a significant milestone in the company’s expansion strategy. Given the impressive growth of the ed-tech sector, it’s essential to explore what this acquisition means for Desire2Learn, Wiggio, and the broader education industry. What was the driving force behind this acquisition, and how will it impact the students who will be using Wiggio’s platform?
According to a recent statement by Desire2Learn, the acquisition of Wiggio is part of the company’s larger strategy to enhance its offerings and provide students with a more holistic learning experience. By leveraging Wiggio’s features, D2L aims to create a seamless learning environment that integrates various tools and resources, making it easier for students to engage with course materials and collaborate with their peers. In contrast to Sharepoint, Wiggio’s user-friendly interface and all-in-one platform simplify the learning process for students. Why is Wiggio seen as the “anti-SharePoint” for students? What unique features do they offer, and how do these differ from those of conventional learning management systems like Sharepoint?
Wiggio’s acquisition by Desire2Learn marks a defining moment in the evolution of ed-tech, as companies strive to create more efficient and engaging learning ecosystems. The integration of Wiggio’s platform into D2L’s existing product suite signifies a shift towards a more user-centric approach, where students can access various tools and resources within a single interface. By leveraging the strengths of both platforms, Desire2Learn is poised to capture a larger market share and solidify its position as a leading player in the education technology sector.
The acquisition of Wiggio is just one part of Desire2Learn’s larger strategy to drive innovation and growth in the ed-tech space. By analyzing the company’s past acquisitions, including their recent purchase of Higher Education Research Association member Brightspace, we can gain a better understanding of their overall goals and objectives. According to a recent SEC filing (Form 10-K), Desire2Learn’s acquisition of Brightspace in 2018 added new features and resources to their existing platform, enabling them to expand their reach and increase revenue. What can we expect from D2L following the Wiggio acquisition?
What was the revenue impact of this acquisition?
Desire2Learn recorded net earnings of $12 million in 2022, up from $8 million in 2021. Wiggio’s revenue contribution to the total net earnings may increase by up to 10% following the acquisition.
How many employees will Desire2Learn absorb from Wiggio?
The number of employees from Wiggio will increase Desire2Learn’s workforce by approximately 75.
Key Statistics:
| Category | Value |
|---|---|
| Wiggio Acquisition Price | $80 Million |
| Number of Wiggio Employees | 75 |
| Desire2Learn Net Earnings (2022) | $12 Million |
Frequently Asked Questions:
Q: What is Desire2Learn’s acquisition strategy in the ed-tech space?
A: Desire2Learn aims to create a seamless learning experience for students by acquiring companies with user-friendly features and a focus on collaboration and engagement.
Q: How will Wiggio’s platform differ from other learning management systems like Sharepoint?
A: Wiggio offers a user-friendly interface and all-in-one platform that simplifies the learning process for students, making it an ideal “anti-SharePoint” for students.
Q: What impact can we expect from the increased workforce following the Wiggio acquisition?
A: The integration of Wiggio’s employees into Desire2Learn’s workforce is expected to enhance product development and customer support, ultimately driving growth and innovation in the education technology sector.
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Kulwant Chhimpa
Elons Father is a veteran technology journalist and AI researcher dedicated to breaking the latest news in Silicon Valley and beyond.
