According to Valuates Reports (published by PR Newswire), education technology is one of the fastest growing market segments in the world valued at $85 Billion in 2021 and forecasted to reach $230 Billion by 2028.
One of the primary drivers of the edtech market growth is the continued rise of M&A deals.
GlobalData PLC recently published that 218 M&A deals were reported in 2020 in the Edtech sector, 327 in 2021, and 44 as of Q1 2022. If you are building a growing and thriving edtech company, chances are you are either going to include M&A as part of your growth strategy, or will in turn be acquired.
When new products are acquired, and with them their market share and users, there is one element that poses a risk to your continued trajectory - technical integration. Without a clean integration strategy, these new products will actually slow down your growth instead of adding the multiplier effect to which you hoped the investment would lead. Core EOS can help.
We've provided a detailed solution overview on this topic, click below.
Core EOS Modern Identity can provide a single place to migrate and manage all users across all of your products so that you achieve true SSO with modern security like MFA and no-password logins across your product portfolio.
The last thing you want is for your users to have to type in the same information over and over again because your products don't talk to each other. Core EOS Data Storefront (Q4 2022) creates a centralized Data Fabric where you can connect ALL your products and immediately begin syncing data in realtime.
UX is a critical element of customer experience. A compelling, clean, and well reasoned user experience, or lack thereof, can be the deciding factor when it comes time for renewals. UX for a platform that represents multiple products seamlessly brought together to feel like a single solution can be complex and difficult to build if you've never done it before.
To build world class platform UX solutions you need world class Transformative Design. United Effects, in partnership with our Transformation Partner Network, can help you understand what you should know now, what you need to learn, how to learn it, and even work through high level design to get you started.
As your organization grows to include multiple SaaS products, one metric that will be a key indicator of your success will be the number of solutions each customer has purchased on average (solutions per customer).
With Modern Identity to provide common secure login, Data Liquidity to ensure your products talk to each other, and Transformative Design services to help bring this all together, Core EOS gives you the tools to make your products easier to buy for new and existing customers.
Dig deeper on how to sell more to your customers with Core EOS.
Is your technology aging? Maybe tech-debt is piling up and your teams never find the time to pay it back? Or did you recently acquire a solution for the market share and customers knowing you'd need to address the technology? There are a lot of reasons you may need to modernize your solutions, but where do you start?
One common approach is to gradually transition your solution to a more modern technology. Your architects and developers will call this the “Strangler Pattern”. You logically segment your product functionality into groupings and move one group at a time to a new technology. It's kind of like replacing one part of your car every month until you're left with a brand new car. From the outside looking in, it's the same car and does all the same things; but on the inside, it's completely different and will last you another 10 years.
The Strangler Pattern can be very difficult when starting from scratch. Core EOS has the tools to make this easier so your can modernize your technology on your own terms and in your own time.
Dig deeper for a detailed overview on how this works.
Many edtech companies pursue the notion of insights and analytics. They realize that their many products are plugged into the heart of the education infrastructure and automatically gather all sorts of data that could be valuable to customers, industries, or governments. Maybe you started small with a team to datamine a few of your products and build a data lake. Maybe you went further and invested in Machine Learning and AI driven insights solutions. You may be preparing a campaign to brand your company as an Insights Company. Regardless of the end goal and the investment in automated analysis you have made, there is one simple problem many edtech companies overlook - where is all your data, what does it look like, how do you visualize it, and how do you unlock access so your Insights and Analytics investment pays off?
Core EOS has you covered. Our Data Mapper provides a mechanism to inventory all data fields in your company, while our Data Storefront gives you access to a powerful streaming engine to connect that data to any product, ML, AI, or Data Lake solution. (Data Solutions Q4 2022)
Core EOS gives you the tools to understand your data ecosystem so you can makes your AWS Data Lake investment, your Snowflake investment, or any other data storage and analysis investment pay off faster.