教育技术行业报告——2022年秋季

Education Technology EdTech Industry Overview Broad Focus Of EdTech Companies Across Domains EdTech Industry Continues Rapid Innovation and Growth Digitization of education sector accelerated by COVID-19 driving rapid growth of EdTechalong with cultural shift towards more independent, accessible and flexible learning Workforce and Talent platforms, focused on upskilling, along with ManagementSystems comprise nearly half of the Global EdTech 1000 and primarily sell B2B Corporate EdTech Accelerated By New Normal K-12 & Higher Education Still Undergoing Digitization4 The dust of the “work-from-home” COVID-19 era settled into a new, hybridized normal,spurring corporate investment in digital technologies for training and collaboration COVID-19 necessitated institutions to become tech-enabled,however, digital adoption and transformation remains the greatestchallenge globally for the K-12 and higher education sector EdTech companies are helping K-12 transform to digital instruction andassessment through key shifts: print to digital; LMS to interactivecontent & instruction, and summative to formative assessment EdTech companies are helping higher education institutions transformthrough holistic digital capabilities across key domains: demand anddiscovery, learning design, learner experience, and work & lifelong learning 4HolonIQ, 2022 Global Education Market–Open Briefing, Apr 2022 EdTech Underlying Trends AI and ML power the adaptive learning ecosystem byidentifying trends in one’s grasp of a subject and resolvinglearning gaps until content-mastery is achieved Artificial Intelligence and Machine Learning Remote learning and interactive platforms are eliminating theneed for learning to stay confined to a classroom, increasingpeople’s ability to access and better retain content Asynchronous and Interactive Learning Serving as universal endorsements for one’s grasp of a skillsetor concept, digital credentials are revamping the upskillingindustry by enabling individuals to identify and display the skillsmost relevant for their goals Digital Badges and Micro Credentials The integration of visual graphics, ranking systems andperformance-based rewards are increasing the usability ofand engagement with EdTech platforms writ large Gamification and Engagement Simulation technologies are augmenting the trainingparadigm for practitioners and skilled labor, as teams cancreate and work through hyper-individualized scenarios Virtual Reality and Simulation Tech EdTech M&A Transaction Multiples Acquisition multiples reflect underlying business models –Enterprise SaaS companies trade on multiples of recurring revenue–Services companies trade on multiples of EBITDA and comparatively lowerrevenue multiples to SaaS companies given the quality of the revenue stream Premium valuations for scale, growth, and scarcity value ▪ –Attractive multiples paid for premium assets with strong growthcharacteristics, size or unique technology EdTech M&A Volume by Quarter EdTech M&A Activity Overview ▪With an already growing demand for remote learning technologiescatalyzed by the COVID-19 pandemic, EdTech experienced a markedrise in M&A activity in Q4 2020, reaching an apex in H2 2021, andplateauing at an elevated number of 40+ transactions per quarter ▪Corporate EdTech led M&A activity, with Workplace Training andPreparation software comprising most of the M&A activity: –The relatively larger number of Corporate learningtransactions is partly driven by greater EdTech sector focus –Many corporations are eager to adopt new technologies totrain and upskill employees more efficiently, leading tohigher productivity and ultimately higher profits Publicly Traded Comparable Companies Most Active Private Equity Acquirers Most Active Strategic Acquirers