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ETS Creates ETS Strategic Capital to Tap into New Growth Opportunities in Education


The new ETS unit will pursue strategic equity investments, growth partnerships, and mergers and acquisitions

PRINCETON, New Jersey, Sept. 16, 2020 /PRNewswire/ — ETS, the world’s largest nonprofit educational assessment and measurement organization, today announced the creation of ETS Strategic Capital, a new unit that will focus on growing the business and advancing its mission through strategic equity investments, growth partnerships, and mergers and acquisitions.

ETS Strategic Capital will broaden, expand and diversify ETS’s offering in assessment, learning and development for K-12, higher education, and corporations. With this mandate, ETS Strategic Capital is actively seeking transactions to establish a global portfolio of innovative education companies that will have both a positive financial and strategic impact.  

"We’ve reached a pivotal point in the ongoing evolution of education — there is a fundamental change in how educational services are delivered, how tools and assessments are structured, and how learners, schools, and companies are engaged and connected," said Ralph Taylor-Smith, the Managing Director of ETS Strategic Capital. "With our funding, expertise and experience in education, ETS Strategic Capital is well positioned to help emerging education companies that are addressing these gaps grow and increase their impact, while tapping into new opportunities. ETS brings value-add capabilities in assessments, research and development, global distribution, and innovative technologies to our portfolio and partner companies."

ETS Strategic Capital currently has a portfolio of five companies that bring technology, new business models and geographic coverage, and that complement and build out ETS’s current business areas:

  • ApplyBoard: Guided by ETS Strategic Capital, ETS made an equity investment in Canadian-based ApplyBoard Inc., the world’s largest platform for international student recruitment. As part of this investment, ApplyBoard and ETS’s TOEFL® business unit, which provides the world’s premier English-language test for university study, work and immigration, are also developing a strategic growth partnership.
  • Pipplet: A start-up specializing in language assessment for businesses, Paris-based Pipplet helps companies assess job candidates’ language fluency based on their practical, real-world ability to interact in a professional context. ETS’s subsidiary, ETS Global B.V., acquired Pipplet S.A.S., guided by ETS Strategic Capital.
  • Capti (by Charmtech Labs LLC): Through the use of machine learning, artificial intelligence and natural language processing, Buffalo, N.Y.-based Capti, created by Charmtech Labs LLC, provides personalized literacy and learning support to K-12 students. Capti – dubbed a "AAA" for teachers – helps teachers accommodate, assess and accelerate reading for all their students. ETS Strategic Capital arranged a seed investment from ETS in Capti and established a strategic business partnership with ETS Research & Development (R&D) and New Product Development (NPD). Capti is licensing ETS’s ReadReady™ intellectual property in internet-driven reading diagnostics, and will work closely with ETS’s R&D and NPD teams to expand opportunities to positively impact K12 student reading success across the United States.
  • EdAgree: Focused on the international student experience, EdAgree, Inc. is a newly formed spin-out company from ETS that will match international students with universities and support those students throughout their education journey. EdAgree plans to validate student profile information, package it for streamlined processing by admissions departments, and collaborate with universities to identify and deliver support that will optimize learning outcomes. EdAgree also will collaborate with partner universities on research efforts to optimize student success. ETS Strategic Capital arranged $1 million of seed funding from ETS to incubate the new start-up company and facilitated the spinout from ETS. 
  • Gradschoolmatch: is an interactive internet-driven software platform that helps prospective graduate students match with potential graduate academic programs. The match-algorithm, search-engine and business-approach are modeled after successful "personal-dating" web-driven businesses; students can post biographies, research interests, career plans and academic profiles; they can also "bookmark" a graduate program profile to "signal their interest" in learning more or send "private messages" to graduate school recruiters. Both prospective graduate students and graduate institutions may subscribe, which allows them to search by location or academic interests, tracking prospects and making contact with simplified one-click interconnectivity for matching. ETS Strategic Capital arranged the purchase of the platform, and it will be incorporated into ETS’s offerings to the graduate school market.

ETS Strategic Capital will serve as the private equity investment and M&A execution arm for ETS, its subsidiaries and its partners. It will source transactions both within the domestic United States and internationally. It will partner with the broader EdTech ecosystem, to identify and execute deals, coordinate with other ETS business units to identify opportunities and needs, network with professional services firms with education expertise, and build direct relationships with businesses internationally — especially within Asia Pacific, Southeast Asia, Latin America and the Middle East & Africa (MENA) regions.   

More specifically, ETS Strategic Capital will target private equity investments that are typically in Series B, C or later, where companies already have a proven product and/or market fit, initial customers, and developed business-model, and are seeking further new growth capital to scale the business; in select situations, earlier-stage investment may be possible. Acquisitions will primarily focus on middle-market scale deals, though smaller or larger acquisitions may also be possible in certain situations. ETS Strategic Capital defines growth partnerships broadly and they might involve joint ventures (JVs), channel-partner or distribution agreements, Intellectual Property (IP) licensing and technology-transfer relationships, along with similar strategic value-add business partnerships. 

Ralph Taylor-Smith, currently the Vice President of Corporate Development at ETS, will become the Managing Director of the new unit, bringing a wealth of experience in private equity investing, M&A and growth partnerships and joint ventures. ETS Strategic Capital has a growing bicoastal team based in offices in Princeton, N.J., Washington, D.C. and Silicon Valley, Calif.

About ETS

At ETS, we advance quality and equity in education for people worldwide by creating assessments based on rigorous research. ETS serves individuals, educational institutions and government agencies by providing customized solutions for teacher certification, English language learning, and elementary, secondary and postsecondary education, and by conducting education research, analysis and policy studies. Founded as a nonprofit in 1947, ETS develops, administers and scores more than 50 million tests annually — including the TOEFL® and TOEIC® tests, the GRE® tests and The Praxis Series® assessments — in more than 180 countries, at over 9,000 locations worldwide.

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Purchase of GigaMedia Shares by CEO Cheng-Ming Huang


TAIPEI, Sept. 26, 2020 /PRNewswire/ — GigaMedia Limited (NASDAQ: GIGM) today announced that its Chief Executive Officer Cheng-Ming Huang a.k.a. James Huang has purchased a total of 21,570 shares of GigaMedia stock by Pacific Star Universal Group Ltd. at an average price of $2.8879 on September 22nd and 23rd,  2020. The purchases were made during an open window period and in full compliance with all company and legal guidelines.

Mr. Cheng-Ming Huang now holds a total of 1,073,566 shares, an ownership of around 9.71% in the Company.

About GigaMedia

Headquartered in Taipei, Taiwan, GigaMedia Limited (Singapore registration number: 199905474H) is a diversified provider of digital entertainment services in Taiwan and Hong Kong. GigaMedia’s digital entertainment service business is an innovative leader in Asia with growing capabilities of development, distribution and operation of digital entertainments, as well as platform services for games with a focus on mobile games and casual games. More information on GigaMedia can be obtained from

The statements included above and elsewhere in this press release that are not historical in nature are "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. GigaMedia cautions readers that forward-looking statements are based on the company’s current expectations and involve a number of risks and uncertainties. Actual results may differ materially from those contained in such forward-looking statements. Information as to certain factors that could cause actual results to vary can be found in GigaMedia’s Annual Report on Form 20-F filed with the United States Securities and Exchange Commission in April 2020.

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Glancy Prongay & Murray LLP Continues Investigation of Huazhu Group Limited (HTHT) on Behalf of Investors


Glancy Prongay & Murray LLP (GPM) continues its investigation on behalf of Huazhu Group Limited (Huazhu or the Company) (NASDAQ: HTHT) investors concerning the Companys possible violations of the federal securities laws.

If you suffered a loss on your Huazhu investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws, you can submit your contact information at You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at [email protected] to learn more about your rights.

On September 21, 2020, Bonitas Research issued a report, alleging, among other things, that Huazhu Group lied about the ownership of its hotel portfolio to produce fake financials. The report also stated that Bonitas fieldwork confirmed that Huazhu secretly supported operating costs of franchisee hotels owned by undisclosed current Huazhu employees & other undisclosed related parties (˜off-book hotels). Bonitas further alleged that undisclosed related party transactions were used to artificially inflate Huazhus reported profits[,] and that it calculate[s] that Huazhus fake profits manifested as RMB 2 billion (US$ 300 million) of fake PP&E on its CYE19 balance sheet.

On this news, Huazhu Groups American depositary share (ADS) price fell $1.54, or over 3%, to close at $40.48 per share on September 21, 2020, thereby injuring investors.

Then, on September 25, 2020, Huazhu announced that a special committee of its Board of Directors will investigate the allegations in the Bonitas report.

On this news, the Companys share price fell sharply in intraday trading on September 25, 2020.

Follow us for updates on LinkedIn, Twitter, or Facebook.

Whistleblower Notice: Persons with non-public information regarding Huazhu should consider their options to aid the investigation or take advantage of the SEC Whistleblower Program. Under the program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Charles H. Linehan at 310-201-9150 or 888-773-9224 or email [email protected].

About GPM

Glancy Prongay & Murray LLP is a premier law firm representing investors and consumers in securities litigation and other complex class action litigation. ISS Securities Class Action Services has consistently ranked GPM in its annual SCAS Top 50 Report. In 2018, GPM was ranked a top five law firm in number of securities class action settlements, and a top six law firm for total dollar size of settlements. With four offices across the country, GPMs nearly 40 attorneys have won groundbreaking rulings and recovered billions of dollars for investors and consumers in securities, antitrust, consumer, and employment class actions. GPMs lawyers have handled cases covering a wide spectrum of corporate misconduct including cases involving financial restatements, internal control weaknesses, earnings management, fraudulent earnings guidance and forward looking statements, auditor misconduct, insider trading, violations of FDA regulations, actions resulting in FDA and DOJ investigations, and many other forms of corporate misconduct. GPMs attorneys have worked on securities cases relating to nearly all industries and sectors in the financial markets, including, energy, consumer discretionary, consumer staples, real estate and REITs, financial, insurance, information technology, health care, biotech, cryptocurrency, medical devices, and many more. GPMs past successes have been widely covered by leading news and industry publications such as The Wall Street Journal, The Financial Times, Bloomberg Businessweek, Reuters, the Associated Press, Barrons, Investors Business Daily, Forbes, and Money.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Glancy Prongay & Murray LLP, Los Angeles

Charles H. Linehan, 310-201-9150 or 888-773-9224

1925 Century Park East, Suite 2100

Los Angeles, CA 90067

[email protected]

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Data Center Cooling Solutions Market- Roadmap for Recovery from COVID-19|The Increased Demand For Data Centers to Boost the Market Growth | Technavio


Technavio has been monitoring the data center cooling solutions market and it is poised to grow by $ 4.55 billion during 2020-2024, progressing at a CAGR of over 8% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavios in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts

Frequently Asked Questions:

  • What are the major trends in the market? Rising need to reduce OPEX is a major trend driving the growth of the market.
  • At what rate is the market projected to grow? The year-over-year growth for 2020 is estimated at 7.49% and the incremental growth of the market is anticipated to be $ 4.55 billion.
  • Who are the top players in the market? Airedale Air Conditioning Ltd., Black Box Corp., Daikin Industries Ltd., Data Aire Inc., Fuji Electric Co. Ltd., Huawei Investment & Holding Co. Ltd., Mitsubishi Electric Corp., Rittal GmbH & Co. KG, Schneider Electric SE, and Vertiv Group Corp., are some of the major market participants.
  • What is the key market driver? The increased demand for data centers is one of the major factors driving the market.
  • How big is the APAC market? The APAC region will contribute 39% of the market share.

The market is concentrated, and the degree of concentration will accelerate during the forecast period. Airedale Air Conditioning Ltd., Black Box Corp., Daikin Industries Ltd., Data Aire Inc., Fuji Electric Co. Ltd., Huawei Investment & Holding Co. Ltd., Mitsubishi Electric Corp., Rittal GmbH & Co. KG, Schneider Electric SE, and Vertiv Group Corp. are some of the major market participants. The increased demand for data centers will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.

View market snapshot before purchasing

Technavio’s custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

Data Center Cooling Solutions Market 2020-2024: Segmentation

Data Center Cooling Solutions Market is segmented as below:

  • Application
    • Air Conditioning
    • Economizers
    • Cooling Towers
    • Chillers
    • Other
  • Geography
    • APAC
    • North America
    • Europe
    • South America
    • MEA

To learn more about the global trends impacting the future of market research, download a free sample:

Data Center Cooling Solutions Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The data center cooling solutions market report covers the following areas:

  • Data Center Cooling Solutions Market Size
  • Data Center Cooling Solutions Market Trends
  • Data Center Cooling Solutions Market Industry Analysis

This study identifies the rising need to reduce OPEX as one of the prime reasons driving the data center cooling solutions market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavios in-depth research has direct and indirect COVID-19 impacted market research reports.

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Data Center Cooling Solutions Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will assist data center cooling solutions market growth during the next five years
  • Estimation of the data center cooling solutions market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the data center cooling solutions market
  • Analysis of the markets competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of data center cooling solutions market vendors

Table of Contents:

Executive Summary

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 – 2024

Five Forces Analysis

  • Five forces summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Application

  • Market segments
  • Comparison by Application
  • Air conditioning – Market size and forecast 2019-2024
  • Economizers – Market size and forecast 2019-2024
  • Cooling towers – Market size and forecast 2019-2024
  • Chillers – Market size and forecast 2019-2024
  • Other – Market size and forecast 2019-2024
  • Market opportunity by Application

Market Segmentation by Technique

  • Market segments
  • Comparison by Technique
  • Air-based cooling – Market size and forecast 2019-2024
  • Liquid-based cooling – Market size and forecast 2019-2024
  • Market opportunity by Technique

Customer Landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • APAC – Market size and forecast 2019-2024
  • North America – Market size and forecast 2019-2024
  • Europe – Market size and forecast 2019-2024
  • South America – Market size and forecast 2019-2024
  • MEA – Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Vendor Landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Airedale Air Conditioning Ltd.
  • Black Box Corp.
  • Daikin Industries Ltd.
  • Data Aire Inc.
  • Fuji Electric Co. Ltd.
  • Huawei Investment & Holding Co. Ltd.
  • Mitsubishi Electric Corp.
  • Rittal GmbH & Co. KG
  • Schneider Electric SE
  • Vertiv Group Corp.


  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavios report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavios comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

Email: [email protected]


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