![]() ![]() Trading partners are upset for a litany of reasons, from human-rights abuses to concerns about the government's increasing role in the country's commerce. There is debt everywhere, especially in property development, which makes up 30% of the economy. Trade - both imports and exports - has slowed markedly. This was great news for the whole world - everyone would benefit from the globe's second-largest economy getting healthy.īut six months into the year, Wall Street's dreams for the country are turning into a nightmare.įar from an economic explosion, China's recovery from COVID has been weak. The colossus-in-waiting that is the Chinese consumer was about to roam freely, analysts said. After years of lockdowns and suppressed output, economists and investors cheered the end of Beijing's zero-COVID policy and the economic boom that was sure to follow. It often indicates a user profile.Įntering 2023, the relentless drumbeat of Wall Street consensus was pounding out one consistent rhythm: China is back. Illuminate claims to serve 12 million students in all 50 states through its entire suite of data and assessment products.Account icon An icon in the shape of a person's head and shoulders. Illuminate CEO Willig told EdSurge at the time she had no plans to let others go. EdSurge reported that the company laid off around 50 employees in June, bringing its headcount to around 600. Owned by private equity firm Insight Ventures Partners, Illuminate has spent upwards of $100 million on acquisitions and bought 12 companies in the last three years.īut those deals have come with additional costs. Illuminate has been on an acquisition spree for tools offering K-12 formative assessments, reporting and analytics and data visualization. “It’s going to be a major headache,” he predicts. “I’d guess Aeries folks are reaching out to districts today,” he says.Īnd while Illuminate has given customers two years to prepare for data migration, districts usually like to plan five years out for student information system needs, according to Carroll, a former school technology administrator. Source: ListedTECHĭan Carroll, co-founder and chief product officer at Clever, a company that helps schools manage user accounts for education software and works closely with student information systems, says Illuminate’s SIS is used in around 100 school districts that also use Clever.Īccording to Carroll, many of Illuminate’s SIS customers are in California, where another provider, Aeries, is based. LISTedTECH's breakdown of student information system market share by company by school district size. The top SIS company across districts of all sizes is PowerSchool, with a share ranging from 21 percent to 35 percent of schools in each size category. ![]() The company has a 2 percent share of districts with more than 5,000 students. Illuminate’s SIS is used in 3 percent of districts with fewer than 4,999 students, according to the analysis. and Canada by research firm LISTedTECH shows that Illuminate has a fairly small market share among providers of K-12 student information systems, also called SIS. In a statement to EdSurge, a company spokesperson said: “We also recognize and appreciate that any change, including those that involve systems and software, requires time and attention.” The spokesperson declined to say if the shutdown comes with further layoffs or how many schools are impacted.Ī look at over 5,000 school districts representing 50 million students in the U.S. “Channeling our focus to the areas where we believe we can make the greatest potential impact will enable us to support our customer districts even better.” “As we evaluated where Illuminate Education could make the biggest impact for both educators and students, we determined that directing our resources to the area of student achievement would best serve the educational community,” the Illuminate email says. The publisher said then that the sale would “enable us to focus more directly on learning outcomes.” That reasoning has some similar undertones to the explanation given by Pearson when it sold its student information system, PowerSchool, in 2015. Illuminate, based in Irvine, Calif., decided to shut down the system to focus on services that are more directly aligned to “student achievement,” according to the email. The email, signed by Illuminate CEO Christine Willig, says customers must switch to a new system, recommending by name Aequitas, Aeries, Infinite Campus and Skyward because they “have solid integration protocols” between their systems and Illuminate’s data and assessment platform, called DnA. In an email sent Tuesday morning, the company notified customers to plan for a replacement for the Illuminate Student Information product, also known as ISI. Illuminate Education will stop support for its student information system in two years, before the 2021 school year. ![]()
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