Edxus Group

News

Europe’s 20 Fastest Growing and Most Innovative e-Learning Companies Named

by on June 3rd, 2013

EdTech 20 highlights SaaS instructional platforms, MOOCs, gamification and analytics for adaptive learning and testing as key education technology trends

 London, 3rd June 2013: Education technology company Edxus Group and IBIS Capital, a specialist media investment and advisory firm, today announced the initial results of their EdTech 20 ranking, unveiling the top 20 e-learning companies in Europe in terms of innovation, scale, market impact and revenue growth over the past year as judged by an industry-leading panel. The entries, received from across Europe, highlighted a number of key trends in the education technology space, including new generation software as a service (SaaS) instructional platforms, Massive Open Online Courses (MOOCs), the gamification of content and analytics enabling adaptive learning and testing.

“We have been impressed by the range of innovation from right across Europe in both the academic and corporate learning sectors. While the 3 year revenue growth rates delivered show that the ed tech boom in Europe is a reality, the huge number of applications received and the modest size of these businesses also demonstrate just how fragmented the European market is. Consolidation in the sector is both necessary and inevitable to foster the emergence of a handful of European ed tech champions able to compete pan-regionally and globally,” commented Benjamin Vedrenne-Cloquet, Edxus Group’s CEO and co-founder.

“UK and Northern European ed tech companies seem to lead the ranking. This is due to factors such as proactive government attitudes, the widespread use of English language in academic and corporate learning sectors, the encouragement of educators to be technology early adopters and access to risk capital. Moreover, the relative lack of entries in the top 20 from France, one of the biggest education markets in Europe, is an example of how large and centralized education markets can slow the development of a fertile ecosystem for innovative e-learning businesses to scale,” continued Vedrenne-Cloquet.

Listed in alphabetical order, the EdTech 20 are:
  • ALISON, Ireland
  • Brightwave, UK
  • Classroom Monitor, UK
  • Coursio, Sweden
  • Dnevnick, Russia
  • EPIC Learning, UK
  • FindCourses, Sweden
  • GCSEPod, UK
  • InfoMentor, Iceland
  • ITycom, Switzerland
  • Labster, Denmark
  • Languagelab, UK
  • Languagenut, UK
  • Mangahigh, UK
  • Mendeley, UK
  • Serious Games Interactive, Denmark
  • Siveco, Romania
  • Sofatutor, Germany
  • Twig World, UK
  • Virtual College, UK

The EdTech 20 forms part of a wider strategy by Edxus Group and IBIS Capital to bring investment, scale and consolidation to the European e-learning market which has been fragmented and under-invested to date.

“By helping to identify high-performing companies in the European e-learning field, we hope to attract both business expertise and capital investment to help the industry thrive and compete at a global level,” said Charles McIntyre, IBIS Capital co-founder and CEO. “If this can be combined with consolidation and the creation of economies of scale then we believe that Europe can field education champions that can rival major US players in the field.”

The top 3 companies from the EdTech 20 will be named at EdTech Europe, an exclusive one day summit on June 14th in London addressing the current industry and investment trends in education technology and e-learning. A selection of the top 20 will be showcased in the upcoming IBIS European Ed Tech Report, a special report on the European e-Learning market, as well as being exposed to senior executives from high profile education and media companies and private equity investors attending EdTech Europe.

 

About Edxus Group:

Edxus Group is a London based Education Technology company formed to develop and acquire e-Learning businesses across Europe. It is a corporate operating entity with a mission to support, transform and enhance several innovative e-Learning products and businesses, aiming to aggregate them into a dominant European player with a broader customer reach and geographic footprint.

About IBIS Capital:

IBIS Capital is a London based specialist media investment and advisory firm with a focus on disruptive media technologies.

About EdTech Europe:

EdTech Europe is an exclusive one day summit organised by Edxus Group and partner IBIS Capital, a specialist media investment and advisory firm. It will address the current industry and investment trends in education technology and e-learning for both the academic and professional learning sectors, bringing together senior executives from established professional learning and education players, innovators disrupting the established market order and leading European institutional investors to explore the business of education and act as a catalyst for the consolidation and investment required in the sector. The inaugural EdTech Europe event will be held at the London Business School on 14th June 2013.

 

Tickets: To buy tickets for the event, click here.

Social: To join the EdTech Europe LinkedIn group, click here.

The EdTech Europe Twitter handle is @edtecheurope.