$ELRN Greenwood Hall and LoudCloud Systems Announce Strategic Alliance to Provide Integrated Technology and Services Offerings for ...
Source: GlobeNewswire Inc.
Greenwood Hall Inc. (OTCQB:ELRN), an education technology company that helps colleges and universities increase revenue and improve student engagement and outcomes, and LoudCloud Systems, Inc., a leading SaaS-based adaptive learning platform provider, today announced a strategic alliance to provide post-secondary institutions with an integrated suite of services and technology designed to enable leading universities to launch high-value competency-based education (CBE) programs.
This strategic alliance combines Greenwoood Hall's online 'Education as a Service' platform with LoudCloud's unique learning and teaching products to bring to market a fully integrated platform that supports the entire student journey. Education institutions will now have access to all the enterprise services they require to offer competency-based academic offerings including market research, lead generation, recruitment, student services, executive coaching to maximize retention, instructional design support, and career placement supported by a learning management ecosystem that includes adaptive LMS technology designed for CBE programs and a powerful analytics engine.
Dr. John Hall, CEO of Greenwood Hall, commented, "LoudCloud's innovative cloud-based software redefines the teaching and learning experience based on a richer understanding of behavior, process and outcomes. Their platform is the perfect complement to our own end-to-end lifecycle solutions and online program management capabilities. Offered together, the full platform will integrate all of Greenwood Hall's student facing functions with LoudCloud's academic and analytics product suite to provide a unified SaaS package. Together, the complete technology plus services package offers all the tools administrators and educators need to efficiently implement student lifecycle and engagement initiatives that are so critical to attracting and retaining students today. This integrated solution provides higher education with a significant competitive advantage over other available options that cannot deliver end-to-end support across the entire student lifecycle."
"We are delighted to join forces with Greenwood Hall to co-market our products and services," said Manoj Kutty, CEO of LoudCloud Systems. "Greenwood Hall has an outstanding customer service platform that is highly complementary to our LMS, CBE and Analytics offerings. Our product collaboration will offer clients an easy-to-implement and comprehensive solution to improve student outcomes."
Greenwood Hall specializes in enrollment management, retention, financial aid, career advising and student service solutions for higher education institutions – a complete set of services that address the entire student lifecycle from lead generation through graduation. Greenwood Hall's end-to-end solutions help facilitate exceptional student experience, and drive actionable results including increased enrollments and retention for online, non-traditional and traditional academic programs.
In 2014, LoudCloud introduced the world's leading competency-based learning management system to address the market's urgent need for modularity and flexibility within LMS systems to support CBE. FASTRAK, LoudCloud's CBE platform, is the industry's latest evolution in LMS technology and the first major move toward providing technology to support competency and mastery based learning in K-12 and higher education. LoudSight, LoudCloud's powerful Analytics platform provides early warning indicators of at-risk students along with intervention recommendations.
Both companies also indicated they expect to announce additional integrated technology and service offerings that will help education partners tackle critical issues impacting many schools including how to grow enrollments, maximize retention, and increase alumni engagement.
About Greenwood Hall
Greenwood Hall is an education technology company that helps colleges and universities manage the student journey. Every Greenwood Hall solution is designed to increase revenue and improve student engagement as well as learning outcomes. Since 2006, Greenwood Hall has developed customized turnkey solutions that combine strategy, people, proven processes and robust technology, to help schools effectively and efficiently improve student outcomes, as well as increase revenues and expand into new marketing channels, such as online learning. Greenwood Hall has served more than 50 education clients and over 70 degree programs.
For more information, visit http://www.greenwoodhall.com
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About LoudCloud Systems
LoudCloud is a behavioral analytics based teaching and learning platform designed to deliver personalized pathways in education. The core framework, rooted in re-imagined LMS technology, simplifies course and content authoring using proprietary algorithms to inform and guide course progress. With innovations in collaborative, digital readers and task centricity, LoudCloud continues to grow business with prominent customers in both the higher education and K-12 sectors while providing platforms for institutions engaging in competency based learning solutions. For more information about LoudCloud Systems, please visit the company's website. LoudCloud customers include, University of Florida-Lastinger Center, Bryan University, Career Education Corp., Grand Canyon University, The American College, Jefferson County School District and Wissahickon School District.
Certain statements contained in this document, including, but not limited to predictions and projections that may be considered forward-looking statements under securities law, involve a number of risks and uncertainties that could cause actual results to differ materially, including, but not limited to, lack of consumer acceptance and demand for the Company's products, insufficient working capital to expand the Company's technology and engage in product marketing, intense competition from larger and more well-established companies, and other economic, competitive and technological factors involving the Company's operations, markets, services, products and prices.
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