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Educomp Solutions picks up strategic stake in leading engineering test prep company

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digitalLEARNING Network
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Educomp Solutions Ltd, India's largest integrated education company, today announced that it has picked up a strategic stake in leading engineering test prep player Vidya Mandir Classes Pvt Ltd (VMC) for close to Rs. 34 crores. Founded in 1989, VMC is a premier test preparation institute for IIT-JEE (Joint Entrance Examination for Indian Institutes of Technology in India) and other engineering entrance examinations such as AIEEE, NSIT, DCE, BITS, etc. Renowned for its pedagogy and innovative learning methodology, VMC has over the years successfully mentored thousands of IIT aspirants. In the last 20 years, over 60% of VMC students have made it to the IITs. Every year, thousands of students from across India approach and appear for the entrance test for admission to VMC Courses. Educomp is already tapping the $1.7 billion test preparation segment at multiple points with an in-school VSAT based model, after school tuition based model and online presence.  Post this alliance, there are immediate synergies with Educomp's engineering test prep Leap program (already present in 12 cities via VSAT model), 251 centres for vocational and test prep business and 43 high schools.  Educomp today reaches out to a total of around 14 million students with flagship Smart Class already present in 3,921 schools in India serving over 3.4 million students and another 2.4 million users of its various online businesses

Potential investment sought by Goldfarb Branham LLP , Dallas

By
digitalLEARNING Network
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Investigation is being carried out by Goldfarb Branham LLP to seek potential shareholder claims for purchasers of Education Management Corporation. On August 4, the Government Accountability Office released a report that EDMC may have encouraged applicants to falsify financial aid forms. Shareholders are being encouraged to contact securities attorney Hamilton Lindley for information about their rights and remedies.

Additionally, a derivative lawsuit against company executives for allowing this scheme to occur, is under investigation by Goldfarb Branham LLP. Derivative lawsuits often lead to restored confidence in companies involved in financial scandal and a resulting increase in shareholder value.


A website allows college Students to Gamble on their Grades

By
digitalLEARNING Network
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A new website, Ultrinsic, is to start soon, which would take wagers on grades from students at 36 colleges nationwide starting later this month. With students uploading their class schedule, they authorise Ultrinsic to have access to official school records. And just like the Las Vegas sports books, Ultrinsic calculates odds based on factors including the student's history, the difficulty of each course and the topic. The student can the wager up to a cap that starts at $25 and increases with use.

CEO of the company, Steven Wolf , however, explained that it is not online gambling but a way of investment. If a new freshman wagers $20 that he or she will graduate from college with a 4.0 GPA and follows through, that $20 would turn into $2000. But instead of having to pick the right team in a typical seven-team parlay bet, a student has to win in every course over a typically 4-year college career.

Education wins as NICTA and ACS award national ICT student prize

By
digitalLEARNING Network
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The inaugural Young Aus-Innovators National ICT has been awarded to a team of high school students from Newington College in New South Wales, by NICTA and the Australian Computer Society (ACS). The winning team of Harrison Collin, Brenton Curko, Shannon Kwan and Chao Man will receive a cash prize of $2,500 and a two-week internship at NICTA during the school holidays. The project proposed by the team emphasised upon improvement in the household security standards. The students now have the opportunity to further improve their project at NICTA where a mentor will oversee their next steps.

$1,500, the second prize was awarded to a team of students from Caroline Chisholm Catholic College in Victoria. The third prize of $1,000 was won by a team of students from Patrician Brothers College Blacktown in New South Wales. A team of students from North Sydney Girls High School in New South Wales was also recognised with a Highly Commended award. ACS and NICTA had launched the Young Aus-Innovators National ICT Prize, last year during the National ICT Careers Week. It's objective is to encourage high school students to consider careers in ICT. NICTA is also involved in summer schools, both for students learning about research and for high school students determining their interests in ICT.

World Computer Programming contest to see participation from Ghana

By
digitalLEARNING Network
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The Director-General of Ghana-India Kofi Annan Centre of Excellence, Dorothy Gordon, on Wednesday summoned the Ghana Education Service to introduce a subject in secondary schools that would assist students to solve their problems. She emphasised upon the students to consider learning of Information and Communication Technology (ICT) seriously to enhance academic work. While addressing press Gordon mentioned about Ghana's participation in this year's World Computer Programming Contest, 'International Olympiad in Informatics', scheduled for August 14 in Canada, in Accra on Wednesday. The Center has initiated the programme in order to encourage ICT learning of ICT amongst the youth and enable them to effectively contribute to development. Three hundred and twenty-three persons from 82 countries would take part in this year's contest.

Cost effective Virtual Labs by Dell for Higher Education

By
digitalLEARNING Network
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In an announcement, Dell launched its Virtual Lab solution, which has been designed to help higher education organisations to deal with time, space and budget challenges while providing students the freedom to access lab-based software anytime, anywhere and from any device. Initially the solution will debut in the United States.

The lab is to address challenges of the students by enabling them to choose and use their own device, helping to relieve school's Information Technology (IT) maintenance burdens and providing students with round-the-clock virtual access to lab IT resources and specialty applications. Virtual Lab mitigates challenges related to forecasting and accommodating lab utilisation rates, accessibility and security.

Kapil Sibal and Intel give away Excellence in Education awards

By
digitalLEARNING Network
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The Union Human Resource Development Minister, Kapil Sibal and the Intel Managing Director (South Asia) R Sivakumar presented the 'Excellence in Education' awards to Kendriya Vidhyalaya Sangathan (KVS) and Navodaya Vidhyalaya Samiti (NVS) from across the country for integration of technology in educational practices in the teaching and learning process. Jointly organised by the Intel, KVS and NVS the contest 'Best integration of technology in education'aimed at strengthening ICT capabilities. The awards were presented to students and teachers of various Kendriya Vidhyalayas and Navodaya Vidyalayas for demonstrating exceptional performance in Information and Communication Technology (ICT) in school curriculum. Eight schools, eight teachers and twelve students were awarded across six regions of the country.

Intel has been associated with KVS and NVS through its 'Intel Teach and Intel Learn' programmes which includes orientation of principals, professional development of teachers, sharing of new curriculum resources , learning materials and setting up of resource centers equipped with latest technologies. Till now more than 7500 teachers and 945 principals from KVs while in NVS around 6000 teachers and 450 principals have been trained on technology enhanced innovative learning methodology.

Mentor Graphics, Trident Techlabs partner with JNTU to provide VLSI training

By
digitalLEARNING Network
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There has been a collaboration signed between Mentor Graphics, Trident Techlabs and Jawaharlal Nehru Technology University (JNTU), Hyderabad to provide training in very large scale integration (VLSI) design and other emerging nanotechnology challenges. According to the deal struck, the collaboration, Mentor Graphics will provide world class EDA (electronic design automation) products, training and support to JNTU and affiliated colleges for use as a core academic education for professors and engineering students. This will include projects, short-term courses, workshops, training and industrial consultancy in the area of VLSI design.

Distance Learning from Symbiosis to introduce virtual classrooms for all courses

By
digitalLEARNING Network
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It has been planned by Symbiosis Centre for Distance Learning (SCDL) that it will introduce virtual classrooms for all courses by September, 2010. The move comes a month after SCDL started holding chat sessions between the students and teachers to bridge the distance factor.

It was mentioned by Swati Mujumdar, Director of SCDL that vitrual classrooms have been held for corporate students, in which interaction was made possible between students and teachers through webcams. And now the same would be made available to students across courses.


One percent of IIT Bombay Graduates salary in Donation for growth of the Institute

By
digitalLEARNING Network
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From the Indian institute of Technology Bombay, around 735 students have signed up for giving one per cent of their annual salary for the institute's growth. The programme has been based on idea of Bakul Desai, a graduate of the 1982 batch, that is now being called 'Give One for IIT B'. Every year, IIT B receives approximately INR 10-15 crore in donations from alumni. With an average the starting salary of a fresh graduate is around INR 7 lakh per annum.


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