ETS Launches New Arm for Global Edtech Investments and Acquisitions – EdSurge News

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Over the past decade, the world’s largest educational assessment nonprofit has been testing the waters of education technology investments. Now, it is taking the plunge.ETS, short for Educational Testing Service, has set up a new investment arm to make more— and bigger—deals in this space. It’s looking to acquire some companies as well. The organization says these activities are part of a broader effort to expand its portfolio of services beyond the second word in its name.“Traditionally, ETS has been focused on assessments in K-12 and higher education,” says Ralph Taylor-Smith, managing director of ETS Strategic Capital, the name of the new division. This new effort “aims to drive ETS into newer areas of the educational landscape, particularly in teaching and learning,” he adds. ETS has dabbled in edtech deals before. It has provided financial support for LearnLaunch, a business accelerator program for education startups. It’s invested alongside social-impact investment groups like Village Capital. And it’s acquired three technology companies since its founding in 1947. ETS Strategic Capital is “an extension and expansion of those earlier initiatives,” says Taylor-Smith, who joined last year and is building an investment team across the Silicon Valley, Washington, …

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