
itslearning
Our mission is to improve the world with technology that helps students achieve their potential.
Date | Investors | Amount | Round |
---|---|---|---|
investor investor | €0.0 | round | |
investor | €0.0 | round | |
N/A | Acquisition | ||
Total Funding | 000k |
EUR | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 |
---|---|---|---|---|---|---|---|
Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
% growth | - | 45 % | (10 %) | (53 %) | (12 %) | - | 15 % |
EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
% EBITDA margin | (11 %) | (2 %) | (5 %) | (7 %) | (47 %) | (27 %) | (3 %) |
Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
% profit margin | (9 %) | (4 %) | (4 %) | (11 %) | (41 %) | (41 %) | (30 %) |
EV | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Company filings or news article
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Founded in Bergen, Norway, in 1999, itslearning AS provides a cloud-based learning management system (LMS) designed to support educators and students across various educational levels. The company originated from a student project at Bergen University College focused on virtual classrooms, which quickly evolved into a commercial product with the college as its first client. Helge Hannisdal is noted as a co-founder. Over the years, itslearning expanded its footprint through organic growth and strategic acquisitions, including SkoleIntra in 2013 and Fronter in 2015, strengthening its position in the European market.
The business operates on a subscription-based model, offering licenses for its platform with pricing tailored to the specific requirements of an institution, such as the number of users and required integrations. Its clients are primarily educational institutions, ranging from primary and secondary schools (K-12) to higher education and corporate training sectors. In December 2019, the company was acquired by the Finnish media and learning company Sanoma Group, though it continues to operate as a stand-alone entity within the group. This acquisition provided significant financial backing and reinforced its growth strategy in Europe. Following the acquisition, the company shifted its focus away from the North American market to concentrate on its core European operations.
The itslearning platform serves as a central hub for teaching and learning, enabling educators to plan lessons, create and distribute educational content, and assess student progress. Key features include tools for communication, collaboration, assessment, and personalized learning. The system integrates with major productivity suites like Microsoft Office 365 and Google G Suite, allowing for seamless content creation and collaboration directly within the platform. It also offers a mobile app for both iOS and Android, providing access to the platform's functionalities anywhere. Recent developments include the integration of AI-powered tools to assist in creating questions for surveys, enhancing the platform's assessment capabilities.
Keywords: learning management system, LMS, edtech, K-12 education, higher education, digital learning platform, online learning, educational software, curriculum management, Sanoma Group, teacher tools, student assessment, personalized learning, e-learning, classroom collaboration, Bergen, Norway, European education technology, mobile learning, G Suite integration, Office 365 integration