September 13-14 was a bad day for Civic (CVC) after -2.62% fall

It was bad day for Civic (CVC), as it declined by $-0.00113383929999999 or -2.62%, touching $0.0421582067. Global Cryptocoin Experts believe that …

It was bad day for Civic (CVC), as it declined by $-0.00113383929999999 or -2.62%, touching $0.0421582067. Global Cryptocoin Experts believe that Civic (CVC) is looking for the $0.04637402737 goal. According to 2 analysts could reach $0.10165202124504. The highest price was $0.0445289616 and lowest of $0.0418489778 for September 13-14. The open was $0.043292046. It last traded at HuobiPro exchange. Aproximately 4.41 million CVC worth $185,963 was traded.

For a month, Civic (CVC) tokens went up 0.00% from $0.00 (non existent) for coin. For 100 days CVC is up 0.00% from $0.00 (non existent). It traded at $0.00 (non existent) 200 days ago. Civic (CVC) has 1000.00M coins mined with the market cap $42.16 million. It has 1000.00M coins in circulation. It was founded on 21/06/2017. The Crypto CVC has proof type and operates under algorithm.

Civic is a decentralized identity ecosystem that allows for on-demand, secure and lower cost access to identity verification via the blockchain. Through a digital Identity platform, users to set up their own virtual identity and to store it along with their personally identifiable information on the device. This information will go through a verification process conducted by the identity validators on the platform and then ported into the blockchain where service providers can access it with the proper permission from the user.

CVC is an Ethereum-based token used by service providers that are looking to acquire information about a user. These can make a payment in CVC. The smart contract system employed will then see funds delivered to both the validator and the identity owner (user).

Receive News & Ratings Via Email – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings with our FREE daily email newsletter.

Related Posts:

  • No Related Posts

Federal Circuit Applies Collateral Estoppel and Avoids Antitrust Issues

Intellectual Ventures I LLC and Intellectual Ventures II LLC (collectively, “IV”) sued Capital One Financial Corp. and two affiliates (collectively, “Capital …

Updated: May 25, 2018:

JD Supra is a legal publishing service that connects experts and their content with broader audiences of professionals, journalists and associations.

This Privacy Policy describes how JD Supra, LLC (“JD Supra” or “we,” “us,” or “our“) collects, uses and shares personal data collected from visitors to our website (located at www.jdsupra.com) (our “Website“) who view only publicly-available content as well as subscribers to our services (such as our email digests or author tools)(our “Services“). By using our Website and registering for one of our Services, you are agreeing to the terms of this Privacy Policy.

Please note that if you subscribe to one of our Services, you can make choices about how we collect, use and share your information through our Privacy Center under the “My Account” dashboard (available if you are logged into your JD Supra account).

Collection of Information

Registration Information. When you register with JD Supra for our Website and Services, either as an author or as a subscriber, you will be asked to provide identifying information to create your JD Supra account (“Registration Data“), such as your:

  • Email
  • First Name
  • Last Name
  • Company Name
  • Company Industry
  • Title
  • Country

Other Information: We also collect other information you may voluntarily provide. This may include content you provide for publication. We may also receive your communications with others through our Website and Services (such as contacting an author through our Website) or communications directly with us (such as through email, feedback or other forms or social media). If you are a subscribed user, we will also collect your user preferences, such as the types of articles you would like to read.

Information from third parties (such as, from your employer or LinkedIn): We may also receive information about you from third party sources. For example, your employer may provide your information to us, such as in connection with an article submitted by your employer for publication. If you choose to use LinkedIn to subscribe to our Website and Services, we also collect information related to your LinkedIn account and profile.

Your interactions with our Website and Services: As is true of most websites, we gather certain information automatically. This information includes IP addresses, browser type, Internet service provider (ISP), referring/exit pages, operating system, date/time stamp and clickstream data. We use this information to analyze trends, to administer the Website and our Services, to improve the content and performance of our Website and Services, and to track users’ movements around the site. We may also link this automatically-collected data to personal information, for example, to inform authors about who has read their articles. Some of this data is collected through information sent by your web browser. We also use cookies and other tracking technologies to collect this information. To learn more about cookies and other tracking technologies that JD Supra may use on our Website and Services please see our “Cookies Guide” page.

How do we use this information?

We use the information and data we collect principally in order to provide our Website and Services. More specifically, we may use your personal information to:

  • Operate our Website and Services and publish content;
  • Distribute content to you in accordance with your preferences as well as to provide other notifications to you (for example, updates about our policies and terms);
  • Measure readership and usage of the Website and Services;
  • Communicate with you regarding your questions and requests;
  • Authenticate users and to provide for the safety and security of our Website and Services;
  • Conduct research and similar activities to improve our Website and Services; and
  • Comply with our legal and regulatory responsibilities and to enforce our rights.

How is your information shared?

  • Content and other public information (such as an author profile) is shared on our Website and Services, including via email digests and social media feeds, and is accessible to the general public.
  • If you choose to use our Website and Services to communicate directly with a company or individual, such communication may be shared accordingly.
  • Readership information is provided to publishing law firms and authors of content to give them insight into their readership and to help them to improve their content.
  • Our Website may offer you the opportunity to share information through our Website, such as through Facebook’s “Like” or Twitter’s “Tweet” button. We offer this functionality to help generate interest in our Website and content and to permit you to recommend content to your contacts. You should be aware that sharing through such functionality may result in information being collected by the applicable social media network and possibly being made publicly available (for example, through a search engine). Any such information collection would be subject to such third party social media network’s privacy policy.
  • Your information may also be shared to parties who support our business, such as professional advisors as well as web-hosting providers, analytics providers and other information technology providers.
  • Any court, governmental authority, law enforcement agency or other third party where we believe disclosure is necessary to comply with a legal or regulatory obligation, or otherwise to protect our rights, the rights of any third party or individuals’ personal safety, or to detect, prevent, or otherwise address fraud, security or safety issues.
  • To our affiliated entities and in connection with the sale, assignment or other transfer of our company or our business.

How We Protect Your Information

JD Supra takes reasonable and appropriate precautions to insure that user information is protected from loss, misuse and unauthorized access, disclosure, alteration and destruction. We restrict access to user information to those individuals who reasonably need access to perform their job functions, such as our third party email service, customer service personnel and technical staff. You should keep in mind that no Internet transmission is ever 100% secure or error-free. Where you use log-in credentials (usernames, passwords) on our Website, please remember that it is your responsibility to safeguard them. If you believe that your log-in credentials have been compromised, please contact us at privacy@jdsupra.com.

Children’s Information

Our Website and Services are not directed at children under the age of 16 and we do not knowingly collect personal information from children under the age of 16 through our Website and/or Services. If you have reason to believe that a child under the age of 16 has provided personal information to us, please contact us, and we will endeavor to delete that information from our databases.

Links to Other Websites

Our Website and Services may contain links to other websites. The operators of such other websites may collect information about you, including through cookies or other technologies. If you are using our Website or Services and click a link to another site, you will leave our Website and this Policy will not apply to your use of and activity on those other sites. We encourage you to read the legal notices posted on those sites, including their privacy policies. We are not responsible for the data collection and use practices of such other sites. This Policy applies solely to the information collected in connection with your use of our Website and Services and does not apply to any practices conducted offline or in connection with any other websites.

Information for EU and Swiss Residents

JD Supra’s principal place of business is in the United States. By subscribing to our website, you expressly consent to your information being processed in the United States.

  • Our Legal Basis for Processing: Generally, we rely on our legitimate interests in order to process your personal information. For example, we rely on this legal ground if we use your personal information to manage your Registration Data and administer our relationship with you; to deliver our Website and Services; understand and improve our Website and Services; report reader analytics to our authors; to personalize your experience on our Website and Services; and where necessary to protect or defend our or another’s rights or property, or to detect, prevent, or otherwise address fraud, security, safety or privacy issues. Please see Article 6(1)(f) of the E.U. General Data Protection Regulation (“GDPR”) In addition, there may be other situations where other grounds for processing may exist, such as where processing is a result of legal requirements (GDPR Article 6(1)(c)) or for reasons of public interest (GDPR Article 6(1)(e)). Please see the “Your Rights” section of this Privacy Policy immediately below for more information about how you may request that we limit or refrain from processing your personal information.
  • Your Rights
    • Right of Access/Portability: You can ask to review details about the information we hold about you and how that information has been used and disclosed. Note that we may request to verify your identification before fulfilling your request. You can also request that your personal information is provided to you in a commonly used electronic format so that you can share it with other organizations.
    • Right to Correct Information: You may ask that we make corrections to any information we hold, if you believe such correction to be necessary.
    • Right to Restrict Our Processing or Erasure of Information: You also have the right in certain circumstances to ask us to restrict processing of your personal information or to erase your personal information. Where you have consented to our use of your personal information, you can withdraw your consent at any time.

You can make a request to exercise any of these rights by emailing us at privacy@jdsupra.com or by writing to us at:

Privacy Officer

JD Supra, LLC

10 Liberty Ship Way, Suite 300

Sausalito, California 94965

You can also manage your profile and subscriptions through our Privacy Center under the “My Account” dashboard.

We will make all practical efforts to respect your wishes. There may be times, however, where we are not able to fulfill your request, for example, if applicable law prohibits our compliance. Please note that JD Supra does not use “automatic decision making” or “profiling” as those terms are defined in the GDPR.

  • Timeframe for retaining your personal information: We will retain your personal information in a form that identifies you only for as long as it serves the purpose(s) for which it was initially collected as stated in this Privacy Policy, or subsequently authorized. We may continue processing your personal information for longer periods, but only for the time and to the extent such processing reasonably serves the purposes of archiving in the public interest, journalism, literature and art, scientific or historical research and statistical analysis, and subject to the protection of this Privacy Policy. For example, if you are an author, your personal information may continue to be published in connection with your article indefinitely. When we have no ongoing legitimate business need to process your personal information, we will either delete or anonymize it, or, if this is not possible (for example, because your personal information has been stored in backup archives), then we will securely store your personal information and isolate it from any further processing until deletion is possible.
  • Onward Transfer to Third Parties: As noted in the “How We Share Your Data” Section above, JD Supra may share your information with third parties. When JD Supra discloses your personal information to third parties, we have ensured that such third parties have either certified under the EU-U.S. or Swiss Privacy Shield Framework and will process all personal data received from EU member states/Switzerland in reliance on the applicable Privacy Shield Framework or that they have been subjected to strict contractual provisions in their contract with us to guarantee an adequate level of data protection for your data.

California Privacy Rights

Pursuant to Section 1798.83 of the California Civil Code, our customers who are California residents have the right to request certain information regarding our disclosure of personal information to third parties for their direct marketing purposes.

You can make a request for this information by emailing us at privacy@jdsupra.com or by writing to us at:

Privacy Officer

JD Supra, LLC

10 Liberty Ship Way, Suite 300

Sausalito, California 94965

Some browsers have incorporated a Do Not Track (DNT) feature. These features, when turned on, send a signal that you prefer that the website you are visiting not collect and use data regarding your online searching and browsing activities. As there is not yet a common understanding on how to interpret the DNT signal, we currently do not respond to DNT signals on our site.

Access/Correct/Update/Delete Personal Information

For non-EU/Swiss residents, if you would like to know what personal information we have about you, you can send an e-mail to privacy@jdsupra.com. We will be in contact with you (by mail or otherwise) to verify your identity and provide you the information you request. We will respond within 30 days to your request for access to your personal information. In some cases, we may not be able to remove your personal information, in which case we will let you know if we are unable to do so and why. If you would like to correct or update your personal information, you can manage your profile and subscriptions through our Privacy Center under the “My Account” dashboard. If you would like to delete your account or remove your information from our Website and Services, send an e-mail to privacy@jdsupra.com.

Changes in Our Privacy Policy

We reserve the right to change this Privacy Policy at any time. Please refer to the date at the top of this page to determine when this Policy was last revised. Any changes to our Privacy Policy will become effective upon posting of the revised policy on the Website. By continuing to use our Website and Services following such changes, you will be deemed to have agreed to such changes.

Contacting JD Supra

If you have any questions about this Privacy Policy, the practices of this site, your dealings with our Website or Services, or if you would like to change any of the information you have provided to us, please contact us at: privacy@jdsupra.com.

As with many websites, JD Supra’s website (located at www.jdsupra.com) (our “Website“) and our services (such as our email article digests)(our “Services“) use a standard technology called a “cookie” and other similar technologies (such as, pixels and web beacons), which are small data files that are transferred to your computer when you use our Website and Services. These technologies automatically identify your browser whenever you interact with our Website and Services.

How We Use Cookies and Other Tracking Technologies

We use cookies and other tracking technologies to:

  1. Improve the user experience on our Website and Services;
  2. Store the authorization token that users receive when they login to the private areas of our Website. This token is specific to a user’s login session and requires a valid username and password to obtain. It is required to access the user’s profile information, subscriptions, and analytics;
  3. Track anonymous site usage; and
  4. Permit connectivity with social media networks to permit content sharing.

There are different types of cookies and other technologies used our Website, notably:

  • Session cookies” – These cookies only last as long as your online session, and disappear from your computer or device when you close your browser (like Internet Explorer, Google Chrome or Safari).
  • Persistent cookies” – These cookies stay on your computer or device after your browser has been closed and last for a time specified in the cookie. We use persistent cookies when we need to know who you are for more than one browsing session. For example, we use them to remember your preferences for the next time you visit.
  • Web Beacons/Pixels” – Some of our web pages and emails may also contain small electronic images known as web beacons, clear GIFs or single-pixel GIFs. These images are placed on a web page or email and typically work in conjunction with cookies to collect data. We use these images to identify our users and user behavior, such as counting the number of users who have visited a web page or acted upon one of our email digests.

JD Supra Cookies. We place our own cookies on your computer to track certain information about you while you are using our Website and Services. For example, we place a session cookie on your computer each time you visit our Website. We use these cookies to allow you to log-in to your subscriber account. In addition, through these cookies we are able to collect information about how you use the Website, including what browser you may be using, your IP address, and the URL address you came from upon visiting our Website and the URL you next visit (even if those URLs are not on our Website). We also utilize email web beacons to monitor whether our emails are being delivered and read. We also use these tools to help deliver reader analytics to our authors to give them insight into their readership and help them to improve their content, so that it is most useful for our users.

Analytics/Performance Cookies. JD Supra also uses the following analytic tools to help us analyze the performance of our Website and Services as well as how visitors use our Website and Services:

  • HubSpot – For more information about HubSpot cookies, please visit legal.hubspot.com/privacy-policy.
  • New Relic – For more information on New Relic cookies, please visit www.newrelic.com/privacy.
  • Google Analytics – For more information on Google Analytics cookies, visit www.google.com/policies. To opt-out of being tracked by Google Analytics across all websites visit http://tools.google.com/dlpage/gaoptout. This will allow you to download and install a Google Analytics cookie-free web browser.

Facebook, Twitter and other Social Network Cookies. Our content pages allow you to share content appearing on our Website and Services to your social media accounts through the “Like,” “Tweet,” or similar buttons displayed on such pages. To accomplish this Service, we embed code that such third party social networks provide and that we do not control. These buttons know that you are logged in to your social network account and therefore such social networks could also know that you are viewing the JD Supra Website.

Controlling and Deleting Cookies

If you would like to change how a browser uses cookies, including blocking or deleting cookies from the JD Supra Website and Services you can do so by changing the settings in your web browser. To control cookies, most browsers allow you to either accept or reject all cookies, only accept certain types of cookies, or prompt you every time a site wishes to save a cookie. It’s also easy to delete cookies that are already saved on your device by a browser.

The processes for controlling and deleting cookies vary depending on which browser you use. To find out how to do so with a particular browser, you can use your browser’s “Help” function or alternatively, you can visit http://www.aboutcookies.org which explains, step-by-step, how to control and delete cookies in most browsers.

Updates to This Policy

We may update this cookie policy and our Privacy Policy from time-to-time, particularly as technology changes. You can always check this page for the latest version. We may also notify you of changes to our privacy policy by email.

Contacting JD Supra

If you have any questions about how we use cookies and other tracking technologies, please contact us at: privacy@jdsupra.com.

Related Posts:

  • No Related Posts

Progress in Nigeria and high traffic identification top this week’s biometrics and digital ID news

… simple cash grab, but may get worse before it gets better, writes Shape Security CTO Shuman Ghosemajumder in a commentary for Dark Reading.
Progress in Nigeria and high traffic identification top this week’s biometrics and digital ID news

Progress in Nigeria and in airport biometrics systems make up several of the most popular articles on Biometric Update this week, and a few relatively thoughtful examinations of issues related to AI, and facial recognition in particular, are recommended weekend reading for those in and around the industry.

A pair of major announcements concerning Nigeria are among the most widely-read stories on Biometric Update this week, as the country’s engagement with the international identity community bore fruit in impressive fashion. Nigeria has been granted $433 million to extend enrollment in its National Identity Number (NIN) program to nearly 100 million people over the next three years, and on the heels of that announcement the country declared September 16 as National ID Day. Other countries have also chosen to mark the occasion, but the official declaration by Nigeria’s government potentially sets Africa’s most populous country up as a UN country sponsor for the International Identity Day initiative. The country has also recently taken steps to upgrade travel and pension systems with biometrics.

The Biometric Technology Rally results held by DHS S&T had some interesting take-aways, even for those vendors not participating in the test. The results for the high-throughput testing showed variable accuracy rates, particularly on the acquisition system side. The TSA is joining its fellow DHS agency CBP in ramping up its testing of biometric technology, with an evaluation of travel ID biometric verification technology coming to Las Vegas McCarran International Airport. Another widely-read article this week covered the launch of Idemia’s new high-traffic facial recognition system for venues such as airports, MFace Flex.

No technology will be effective if the workflow is wrong, as passengers traveling to and from the UK are finding out when they use the country’s facial recognition eGates.

Streamlytics Founder and CEO, and Kairos investor Angela Benton writes in a opinion piece for Wired that datasets need to be improved with greater diversity and more darker-skinned people, and algorithms audited, to avoid inadvertent exacerbation of inequities. Benton talks about the need for unbiased AI in regard to facial biometrics, but also applies the same concept more broadly.

A blog post by NEC Vice President of Federal Operations Benji Hutchinson reviews points from a panel he recently participated in at the 33rd International Biometrics Association User Conference (formerly AFIS Internet User Conference) about how to bring policy in line with facial recognition’s progress. These include the need to educate the public about the difference between investigation and surveillance applications, to publicize facial recognition’s real-world track record, and embed governance capabilities in the technology.

Microsoft President Brad Smith, who has co-authored a new book called “Tools and Weapons: The Promise and the Peril of the Digital Age,” tells Vox podcast “Recode Decode with Kara Swisher” about the equivalence between the anti-trust conversations that he was involved with shortly after joining Microsoft (and others) and the conversations happening around the world today. He says the facial recognition “issue is changing on almost a monthly basis.”

Further historical context is provided in an examination of facial recognition concerns by Benedict Evans, who argues that some of the concerns people have about the technology are really about databases, and compares current fears to historical ones about database technology. In a thorough and thoughtful review, Evans divides problems related to bad data and other problems more about bad people, and provides a sober assessment of how facial recognition use can and should develop.

Several large Chinese AI companies made announcements at the recent World Artificial Intelligence Conference (WAIC) 2019, including a new Shanghai headquarters for SenseTime and a new facial recognition driver monitoring product from insurance giant Ping An.

Hitachi has launched software to implement finger vein biometrics on any smartphone or laptop, arguing it brings superior technology as “an internal biometric.”

With PSD2 coming into effect on September 14, iovationblogs about the good news for Payment Service Providers (PSPs), which is that authorities can grant additional time to implement the new standards, and the bad news, which is that the extensions are limited to those PSPs that already have a plan to meet them. The European Banking Authority (EBA) has clarified that both traditional and behavioral biometrics can be used for strong customer authentication (SCA). Also on payments, a survey of banks and consumers by Fingerprint Cards has found that 38 percent of consumers see security as a key barrier to using biometric payment cards, and more than half are concerned about fraud, among a few apparent differences of opinion.

Cryptocurrency, meanwhile, could finally take off with the FaceTec facial recognition-powered passwordless security of the ZenGo wallet, executives from each company explained to Biometric Update.

On the negative side of the news, the wave of potential class-action lawsuits related to the informed consent processes, or lack of them, for biometric time and attendance systems continues, and warnings that regulations will increase in other jurisdictions should be heeded by those using or selling such systems.

Worse, several stories of deepfake-based fraud have emerged, which will encourage fears (and posturing) that tech, and AI in particular, is out of control and needs to be reigned in with regulation. While most deepfakes can be detected with biometrics and other technologies, advances in AI mean that may soon not be the case, according to an editorial for insideBigDATA.

The constant threat to personal information, and data in general, that could fuel deepfakes or more conventional cyberthreats is a simple cash grab, but may get worse before it gets better, writes Shape Security CTO Shuman Ghosemajumder in a commentary for Dark Reading.

Government investment in strengthening digital authentication continues at a modest pace, with Canada backing BioConnect to the tune of $3.9 million.

Article Topics

airports | artificial intelligence | BioConnect | biometrics | BIPA | deepfakes | DHS | digital identity | FaceTec | facial recognition | finger vein | Fingerprint Cards | Hitachi | IDEMIA | identity verification | Kairos | Microsoft | NEC | Nigeria | PING AN Tech | SenseTime | United Nations

Related Posts:

  • No Related Posts

‘Back to School’ Hijinks and Lessons for the Education Industry

From left: Doug Becker (Sterling Partners), Jason Brein (Francisco Partners), Ryan Hinkle (Insight Venture Partners), Richard Sarnoff (KKR), Phil …

About 1,200 adults in uniform went “Back to School” yesterday. No, not to their wooden desks, blue books and plastic seats. But to BMO’s annual education industry conference, where company executives, investors, bankers and financiers of all stripes descended in their suits and slacks (but very few ties).

Now in its 19th year, the gathering has attracted a growing audience of the “who’s-who” across the education sector—from childcare to healthcare providers, from K-12 to higher education and corporate employers. On the agenda were one-on-one interviews with company CEOs and panel discussions on opportunities and challenges in different markets. In rooms on the upper floors were private meetings to wheel and deal. Copious coffee and snacks lubricated conversations in the hall.

There were also noticeable gaffes that one could expect at conferences tailored for buttoned-up financiers, often involving stale, trite comments and a glaring lack of diversity in the speaker lineup. Nothing highlighted this more than the lunchtime keynote panel, which consisted entirely of men, who all solemnly concurred that they seek companies that are “really adding value to the ecosystem.” Wow, what a relief!

He’s got a (golden) ticket to ride.

A big deal announced this week was private equity firm KKR’s purchase of a majority stake in Burning Glass, a Boston-based data and analytics platform that serves up insights on changes in the workforce and available jobs.

The thing was, Burning Glass wasn’t seeking an investment. But a few months ago, its CEO, Matt Siegelman, hopped on the Amtrak Acela train from Washington, D.C. He was so absorbed in email that it took until Baltimore before Siegelman spotted KKR’s Richard Sarnoff, who chairs the firm’s media, entertainment and education group, across the aisle. “He’s one of the smartest guys I know,“ Sigelman says. So he grabbed a chance for a free consult. A few weeks later, Sarnoff suggested they talk in depth. Viva Amtrak!

Old jobs, new expectations.

In one of the first sessions of the conference, panelists from five different companies agreed that while the types of jobs available on the market are not necessarily changing, the nature of these jobs are. Roles such as marketing managers have existed before, but the required skills constantly evolve. Sigelman, of Burning Glass Technologies, captured this point succinctly: “40 percent of the skills required today for the same job are different than the skills required a decade ago.”

The verdict is still out about which is a more powerful lever in preparing workers for ever-changing roles: reform hiring practices or actively reskill employees? As noted in the panel, personal conviction and company mission buy-in are strong determinants of long-run employee success rather than skills alone. So recruitment may have a slight edge, which supports the increasing reliance on hiring tools such as Revature.

But both levers are important. Frank Britt, CEO of Penn Foster, commented that progressive companies align recruitment with training budgets rather than silo them to provide a comprehensive workforce solution.

It’s a textbook toss-up.

All the major K-12 traditional textbook publishers were present at the event but only one—Houghton Mifflin Harcourt—got speaking time on stage. That may have worked out in favor of the smaller instructional content providers, who did not hold back on how the market has shifted in their favor.

BMO Back to School Conference 2019
From left: Kelly Fuller (BMO), John Rogers (The Rise Fund), Elizabeth Chou (Leeds Equity Partners), Waseem Alam (Weld North Education), Adriel Sanchez (Newsela)

“Before, you used to concede 90 percent of the market to the Big Three,” said Scott Kinney, president of K-12 Education at Discovery Education, referring to Pearson, McGraw-Hill and HMH. His fellow panelist, Carnegie Learning CEO Barry Malkin, noted that smaller players can win adoption through reliable, third-party efficacy studies. “EdReports has become a real big deal in K-12 publishing,” he said, referring to the nonprofit that reviews textbooks for alignment to academic standards. “They have become a litmus test for many districts.”

Continuing a popular theme from last year’s conference, companies also emphasized how the lines have blurred between core materials (like basic textbooks) and supplemental resources (like practice materials and formative assessment tools) in K-12. Districts typically allocate different funding sources for the two types of materials.

“Districts are looking for different ways to get to a good endgame for their students,” says Malkin, “It’s not about core or supplemental. Every district is buying what works for their culture, idiosyncrasies and specific needs.”

In an interview with EdSurge, Nick Gaehde, president of Lexia Learning (owned by Rosetta Stone) noted that “the only place where I think the core-supplemental distinction is meaningful is in funding sources. But I don’t think classroom teachers think that way. And over time, I think that purchases will skew toward what will best help students learn, and the rest of the industry is going to have to evolve along. I think the supplemental-core division is a construct of the publishing industry.”

Privacy concerns may hinder efforts to decentralize purchasing.

One of the prevailing concerns that often discouraged investors from the education technology industry is that K-12 purchasing requires a time-consuming, top-down process where a state or county office would hold sway—and the purse strings—over the products that their districts and schools would use.

Newsela’s chief marketing officer, Adrian Sanchez, noted that in recent years “states have been getting a bit looser on top-down directives, giving districts a little bit more autonomy in purchasing decisions.”

Yet that tilt may not last long, said Elizabeth Chou, who recently joined private equity firm Leeds Equity Partners. She noted a likely “clampdown” due to concerns over student data privacy, and central district offices are on the hook to make sure that edtech tools are secure. So while top-down purchasing decisions may be loosening, “I also think there is going to be a pullback because of student data privacy issues.”

When it comes to data, which do you prefer: single or dating?

Alan Taylor, senior vice president of corporate development at PowerSchool, shared that “97 percent of school IT departments use at least 12 different technology solutions, yet 70 percent of these same IT departments said they want a single-source of student data.”

At a session on school operations, panelists offered different approaches to this problem. PowerSchool and Finalsite offer multiple products that reduce the need for schools to rely on many different IT vendors, while Watermark offers tools that ingest and consolidate data from disparate technology solutions.

Gregg Scoresby, CEO of CampusLogic, pointed out that it doesn’t need to be an either-or scenario. Most successful products provide a system of records or a system of experience, and it is extremely difficult to accomplish both. An efficient education system that moves the needle closer to a “single-source of student data” will require both types of players.

The focus on data bubbled up concerns about privacy and Family Educational Rights and Privacy Act (FERPA), the U.S. federal law that mandates access to student information by public entities. Not only do these firms have to comply with data regulation, but they also have to think about how data moves across different systems and adhere to particular data standards. By the end of the session it was clear that a one-size approach was not a solution at all when it comes to school efficiency. As Gregg Scoresby noted: You wouldn’t want one app on your iPhone that does it all. So why would you want that in a school?

BMO Back to School Conference 2019
From left: Seth Reynolds (EY-Parthenon), Dave Goldberg (Cadence Education), David Evans (Childcare Network), Ricardo Campo (Endeavor Schools), Jean-Emmanuel Rodocanachi (Grandir), Mark Bierley (Learning Care Group)

You’ll pry that test from my cold, ink-stained bubbles.

Testing is controversial, especially how far the pendulum has swung toward tests for nearly every skill and subject. Panelists at a session on assessment and achievement, all representing assessment firms, seemed convinced there was a burgeoning move away from “endless subject testing,” as CEO Greg Watson of GL Education Group put it—not just in the U.S. and U.K. but even in China as well.

Of more interest now? Getting to the underlying reasons why a student has trouble learning. But don’t let the no-more-testing pendulum overcorrect, suggested an almost wistful Chris Minnich, CEO of the long-time assessment organization Northwest Evaluation Association, or NWEA: “I agree with what you said … [but] um, I still want to know if my kid can read.”

It’s the Cadillac of parental privilege, too.

A session on the potential of education-focused early childhood centers that go beyond “custodial care” (a.k.a. daylong babysitting) was upbeat for several reasons: A highly fragmented market, in which the top 50 providers have less than 10 percent of the market. A lot more working mothers and fathers. And a thirst, even with the threat of an economic downturn, for quality center-based care as parents may need day-care time to find new work or retrain.

While the panelists weren’t in full agreement on whether parents care more about the “brand” of an existing local center, versus a national brand name, brands did appear of outsized importance to one group: the well-off households.

Dave Goldberg, president and CEO of Cadence Education, noted that the more affluent the area, the better its branded schools did. “These are people who drive Mercedes, drink Starbucks, and wear Rolex,” he observed, perhaps wryly, “and their ego does not break down (for childcare) when it comes to brand.”

What’s impact?

Phil Alphonse, a senior partner at The Vistria Group, pointed to the “rise of impact investing” as a disruptive emerging trend in the edtech investment world. “Millennial families want to measure their investment funds responsibly,” he noted, adding another layer of accountability by nudging them to consider “outcomes” as well as financial returns.

BMO Back to School 2019: The all-male lunch keynote panel
From left: Doug Becker (Sterling Partners), Jason Brein (Francisco Partners), Ryan Hinkle (Insight Venture Partners), Richard Sarnoff (KKR), Phil Alphonse (The Vistria Group)

Certainly many investors referenced their social mission on panels and in hallway chatter. But measuring outcomes is still a work in progress. Early indicators include: employee engagement, the makeup of the workforce and racial balance.

Don’t bet on these.

Luncheon keynote panel moderator, Doug Becker, co-founder of Sterling Partners, asked panelists what would be a “no-go” signal in an edtech investment decision. They rattled off some measurable stats:

  • Phil Alphonse: No scale. (Company revenues should be above $10 million).
  • Richard Sarnoff, of KKR: “People we don’t believe in.”
  • Ryan Hinkle, managing director of Insight Venture Partners: Companies proposing to tackle hard-to-beat, core products.
  • Jason Brein, a partner at Francisco Partners: Loss-making companies.

Not exactly rocket science.

A slow-moving quote wreck.

For all of the changes in the education investment landscape over the past decade, some truths appear eternal. Or at least are spoken eternally.

At the keynote luncheon panel, Sarnoff responded to a question about where to invest in education with the snappy, “It is a get-rich-slow scheme. You have to have patience, fortitude … and a kind of belief.”

The get-rich-slow part of the observation, though a guaranteed laugh-getter, is not original. It dates to investor chatter going back to at least 2012, even before the peaks of U.S. edtech funding this decade in 2015 and 2018.

But Sarnoff does get props for expanding upon it, and for his answer when asked whether data privacy was going to matter more as artificial intelligence (AI) enters education. His answered the question with another question: “Is data privacy going to matter when we’re all working for our AI overlords?”

Related Posts:

  • No Related Posts

Entries to watch at Pista ng Pelikulang Pilipino 2019

In this Regal Entertainment movie, Sue Ramirez and co-star RK Bagatsing portray characters that are in the prostitution industry.But despite the …

Related Posts:

  • No Related Posts