Online learning has taken another major step forward this week as Washington entrepreneurs Ted Leonsis and Steve Case have dipped into their $450 Revolution Growth fund to acquire a majority stake in a blended learning provider, Echo360.
Currently, Echo360 holds approximately 54 percent of the eLearning market and holds contracts with more than 400 colleges and universities worldwide—approximately 10 percent of the American higher education providers.
According to the Washington Post’s Thomas Heath, Echo360’s applications allows students to review classes, receive instruction or—at its core—allows for the flipped classroom model to be employed.
“It’s a perfect fit for us,” Case told the Post in an e-mail. “[Echo360 has] a proven product ready for mass adoption, using an innovative technology to transform a critical sector: higher education.”
