CHANDIGARH, INDIA--(Marketwire - Jan 24, 2013) - WizIQ, a leading online education
platform that offers SaaS based virtual classroom
software for teachers, trainers, colleges and universities, high
schools, and training and tutoring centres around the world, announced that
it has raised $4 million in Series B investment. The funding is led by
Kaizen, India's first education focused private equity fund along with
Bertelsmann, the global media company based in Germany, whose core
divisions encompass television, book publishing, magazine publishing and
services in more than 50 countries.
The investment will bolster WizIQ's position as a collaborative learning
platform for teachers and students.
"WizIQ's vision is to enable anyone to teach or learn anytime and anyplace.
For the last five years, Educomp has supported us in moving closer to this
vision, and now the new investment will take us to next level," said Harman
Singh, CEO and Founder, WizIQ. He added, "Building an online network of
teachers and students and providing them with the right tools to interact
online is necessary to make education accessible to everyone. The
investment will help WizIQ build a better platform and infrastructure for
online and blended education."
Within a short span of time, WizIQ has
been able to help over 2.5 million students learn and over 200,000 teachers
teach online in more than 100 countries at a growing annual rate of over
Winner of the 'Best Virtual Classroom Provider' by
the World Education Congress, WizIQ is now used for online teaching in
colleges like IIT Delhi in India, Atlantic University in Virginia Beach and
Des Moines Area Community Colleges in Iowa, USA, while being the virtual
classroom software for tutoring companies like StudentNest in California,
and TCY Online in India. Educators, like Dr Nellie Deutsch, are also using
WizIQ to run high quality MOOCs.
WizIQ provides tools for teachers to deliver online education in online or
blended learning formats, connect with students, share educational content,
deliver live online classes and facilitate highly engaging learning
experiences. WizIQ works on PCs, iPad and Android tablets; and can be
customized for languages such as Arabic and Hebrew (right to left) and
other 12 languages.
As a part of this investment, authorSTREAM, another online
platform that PowerPoint users around the world use to share presentation
based content, will merge into WizIQ. With 4 million users using
authorSTREAM and a lot of them being teachers, trainers and students, this
merger will help WizIQ reach out to a much larger audience than it could by
WizIQ is an online education platform that offers SaaS based virtual
classroom software for teachers, trainers, colleges and universities, high
schools, and training and tutoring centers. WizIQ has over 200,000 teachers
and 2.5 million learners using the platform in more than 100 countries
around the world. For more information, visit: www.wiziq.com