Cloud storage player Box’s IPO on the New York Stock Exchange yesterday was a roaring success with shares closing the day at US$23.23, up 66pc, giving the company a market value of US$2.7bn.
Dublin: 26.01.2015 02.24AM
Innovation - Business
Onwards Learning has signed a commercial deal worth €3.75m with China Computer Correspondence College to roll out its LearnOnEnglish.com cloud to 400 vocational colleges across China.
China Computer Correspondence College (CCCC) will promote LearnOnEnglish.com (LOE) as an internet portal within its own websites to 1m students in China.
The LOE platform, which makes language learning resources available as web-apps, is currently rolling out as an online portal service via a series of large scale organisations in China in earlier deals valued at €4.4m.
These include the CVAE, the Ministry of Education's vocational training and skills arm, and CERNET, the national educational network backbone. LearnOnEnglish.com is also scheduled to go live to communities of language learners via co-marketing agreements with various colleges and universities, professional bodies and agencies, and government organisations in China.
“LearnOnEnglish.com is an open platform founded on the best practices in social networking and collaborative studying to help our subscribers achieve their language learning goals,” Carlo Crighton, the co-founder of Onwards Learning Ltd.
“This long term agreement with CCCC's college network is indicative of the potential that exists for our language learning web-app ecosystem. CCCC understand and share in our vision to make the best resources in language learning available to everyone in a single online location,” Crighton said.