In a post last month I questioned the growth claims that D2L was pushing to the media based on their recent massive funding round. A key part of the article was pointing out the lack of real reporting from news media. It is worth noting that not a single media outlet listed by EDUKWEST or […]
OMERS
D2L raises $85 million but growth claims defy logic
Yesterday D2L announced a second round of investment, this time raising $85 million (a mix of debt and equity) to go with their $80 million round two years ago (see EDUKWEST for a useful roundup of news and article links). While raising $165 million is an impressive feat, does this funding give us new information on […]
Six Months After Layoffs: No signs of growth at Desire2Learn
Late last year I wrote a post about Desire2Learn’s laying off more than 7% of the workforce, speculating that something had changed at the company. In particular, I didn’t buy the company line about continued growth. In the end, I have trouble believing that these recent cuts are solely based on improving Desire2Learn’s growth without needing […]
Layoffs at Desire2Learn: Significant or not?
In a little-reported event the week of Thanksgiving, Desire2Learn let go 28 employees. The only public report I’m aware of comes from The Record out of Desire2Learn’s hometown of Kitchener, Ontario in Canada. E-learning company Desire2Learn has cut about 25 workers from its product development department. Virginia Jamieson, spokesperson for the Kitchener-based company, said nine […]