2022-04-14 | NYSE:INST | Press release
Badgr will become the “Canvas Badges” tool, with new “Canvas Credentials” offering more advanced features as a paid service
SALT LAKE CITY, April 14, 2022 /PRNewswire/ — Instructure Holdings, Inc. (Structure) (NYSE: INST) today announced that it has completed the acquisition of its partner concentric sky, the creators of Badgr. Currently, the default microaccreditation tool in Canvas LMS, Badgr will be rebranded as “Canvas Badges” when it joins the Instructure learning platform. Canvas LMS customers can also upgrade to Badgr Pro’s suite of advanced tools in new “Canvas Credentials”, offering unlimited badges, leaderboards, analytics, and personalized visualizations of journey progress. The agreement underscores Instructure’s commitment to building the education industry’s most integrated teaching and learning platform to support lifelong learning.
“We know that colleges and universities are looking for new, innovative ways to support non-traditional learners and that these students want greater agency to demonstrate their skills and accomplishments to potential employers,” said Steve Daly, CEO of Instructure. “With Badgr, the Concentric Sky team has developed the gold standard for verifiable, competency-aligned micro-certificates, quickly becoming the currency of exchange between learning outcomes and employment opportunities. enables us to continue to expand the Instructure learning platform to support the evolving needs of all types of educational institutions and the diverse student populations they serve.”
According to Instructure 2021 Status of Student Achievement and Engagement in Higher Education survey, preparing students for post-graduate careers is the number one concern, however, administrators and students alike agree that this is where institutions struggle the most. 84% of respondents defined student success as preparation for work/career, an increase from 78% in 2020. Competency-based learning also emerged as a priority, with 70% of respondents saying possession of definable skills is more important than course credentials or a degree. .
Whether as part of K12, a traditional undergraduate program, or non-traditional programs such as certificates and boot camps, Canvas Credentials allows schools to seamlessly award badges that verify and track educational outcomes, including competency-based education (CBE). Canvas Credentials is the leading credentialing platform with stackable learning paths and shareable learner records. By incorporating Canvas Credentials’ stackable digital credential technology, Instructure enables schools to help students navigate personalized learning paths and allows them to retain evidence of their academic achievements and skill development throughout. throughout their life.
Founded in 2005, Concentric Sky has nearly 90 employees and serves millions of users by offering recognition from more than 25,000 issuing organizations in 160 countries. Concentric Sky has a long history of contributing to the field of open technology standards, partnering with the MacArthur Foundation to lead the development of Open Badges 2.0 in 2015 and co-founding the Open Skills Network in 2020.
“Since day one, we’ve been focused on helping learning organizations connect people to opportunity and deliver a more equitable future by changing the way the world recognizes achievement,” said Wayne Skipper, founder and CEO of Concentric Sky. “The power of the Instructure learning platform lies in its commitment to openness and fairness, and our two companies share a fundamental belief in the importance of open technology standards in advancing fairness. in education. Instructure has demonstrated a strong desire to continue this work and I am confident that together we can accelerate our mission to advance learning at all levels.”
The Instructure learning platform is an open, reliable, and extensible learning ecosystem enabling a digital learning environment for educators, students, and institutions. The platform is made up of several key pillars, such as learning management, assessment and analytics, which work together to enrich, support and connect all aspects of teaching and learning. Canvas badges and Canvas credentials will be essential parts of the learning management pillar, which also includes Canvas LMS. As part of Instructure’s deep commitment to openness, Canvas LMS will continue to support seamless integration with other third-party credential and badge management solutions.
Instructure (NYSE: INST) is an education technology company dedicated to improving student success, amplifying the power of education, and inspiring everyone to learn together. Today, the Instructure learning platform supports over 30 million teachers and learners worldwide. Learn more about www.instructure.com.
This press release contains “forward-looking” statements, which are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding the acquisition of Concentric Sky and its impact on Instructure. These statements are not guarantees of future performance, but are based on management’s expectations as of the date of this press release and on assumptions that are inherently subject to uncertainties, risks and changes in circumstances that are difficult to predict. . Forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual results, performance or achievements to be materially different from future results, performance or achievements. Important factors that could cause actual results to differ materially from those expressed or implied by these forward-looking statements include the risk factors described in Instructure’s initial public offering prospectus filed with the Securities and Exchange Commission (the “SEC”) on July 23, 2021, and other documents filed with the SEC and could cause actual results to differ materially from expectations. All information provided in this press release is as of the date hereof and Instructure undertakes no obligation to update such information except as required by law.
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SOURCEInstructure Holdings, Inc.