2022-06-17 | NYSE:INST | Press release
Former Newsela product manager to drive innovation for Instructure learning platform
SALT LAKE CITY, June 17, 2022 /PRNewswire/ — Structurethe maker of Canvas, today announced that Shiren Vijiasingam has been named the company’s new chief product officer, effective June 20. Vijiasingam will play a pivotal role in building the Instructure learning platform and driving growth through product adoption. As the company pursues its core mission of improving student success, amplifying the power of education, and inspiring everyone to learn together, its vision and focus on innovation in educational technologies will be decisive.
Shiren steps into a role that Mitch Benson filled for nearly eight years and will continue to have a significant impact as Chief Strategy Officer overseeing the Global Higher Education and K-12 Strategy. Mitch led the product function through a critical period of growth and now leads a new team focused on providing a unified vision to support Instructure’s key growth initiatives including business development, mergers and acquisitions. and partnerships, alongside the work that Vijiasingam will be doing on the product.
Vijiasingam comes to Instructure with over two decades of product experience and over ten years in education technology. He previously served as chief product officer at both Newsela, a K-12 content platform, and General Assembly, the pioneer in career transformation education.
“Shiren’s customer-centric approach to product development will ensure that we drive innovation across Canvas and Instructure’s other core products as we improve our broader solution strategy,” said Steve Daly, CEO of Instructure. “His data-driven approach to product development and his track record of finding winning solutions will accelerate our strategy as we enter a phase of hyper growth.”
At Newsela, Vijiasingam led the launch of 3 new product lines resulting in double digit revenue growth. As the pandemic impacted educational institutions, he was the architect of the product-driven growth strategy that resulted in the signing of the largest districts in company history. Additionally, he led M&A strategy and oversaw the release of new forms of content, including interactive videos and ready-to-teach lessons. Under Vijiasingam’s leadership, the company has seen a spike in weekly usage growth every year, even in post-pandemic years.
While leading the product function at General Assembly, Vijiasingam and his team created a digital product experience that improved user engagement, drove exponential revenue growth, and increased renewals, which contributed to sales. from the company to staffing firm Adecco in 2018. He also helped lead General Assembly’s software-driven shift from a purely consumer-focused retail business to enterprise SaaS products and services .
“I am thrilled to join Instructure and its talented, mission-driven team to pursue their goal of empowering educators and reaching learners with highly engaging experiences,” said Vijiasingam. “The company is uniquely positioned to further disrupt the industry with the addition of transformational new products to its powerful Instructure learning platform.”
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 tens of millions of educators and learners around the world. 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 potential, timing and examples of any strategic alternatives. 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 such forward-looking statements include the risk factors described in the Company’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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