Ready4
It is proposed that this article be deleted because of the following concern:
If you can address this concern by improving, copyediting, sourcing, renaming, or merging the page, please edit this page and do so. You may remove this message if you improve the article or otherwise object to deletion for any reason. Although not required, you are encouraged to explain why you object to the deletion, either in your edit summary or on the talk page. If this template is removed, do not replace it. The article may be deleted if this message remains in place for seven days, i.e., after 15:19, 12 June 2024 (UTC). Find sources: "Ready4" – news · newspapers · books · scholar · JSTOR Nominator: Please consider notifying the author/project: {{subst:proposed deletion notify|Ready4|concern=Fails the [[WP:NCORP|notability guideline for companies]]. Sources are trivial (routine funding announcements) or non-independent.}} ~~~~ |
This article may have been created or edited in return for undisclosed payments, a violation of Wikipedia's terms of use. It may require cleanup to comply with Wikipedia's content policies, particularly neutral point of view. (January 2018) |
Formerly | LTG Exam Prep Platform |
---|---|
Company type | Private |
Industry | HigherEd, Admissions, Test preparation |
Founded | 2013 Boston |
Founder | Elad Shoushan |
Headquarters | |
Number of locations | 2 (United States and Worldwide) |
Area served | Worldwide |
Key people |
|
Products |
|
Number of employees | 55 (2017) |
Website | ready4 |
Ready4 is a test preparation and college admissions services startup company.
Ready4 was chosen among EdTech 20, the twenty most innovative educational technology companies, in 2016.[1] It was a finalist in MassChallenge's 2013 accelerator, as well as a semi-finalist in 2013 MIT $100K Entrepreneurship Competition.[2]
History[edit]
The company was founded by Israeli tech entrepreneur and former Israeli professional basketball player, Elad Shoushan. A graduate of MIT's Sloan School of Management, Shoushan led the company from inception to exit. He started the company after failing the GMAT a few times and became motivated to create a mobile platform that would turn test prep into a more personalized experience.[3]
The Prep4GMAT app was originally coded for iOS. Shoushan launched the Android version in August 2014 and raised $3 million from TAL Education Group, Atlas Venture, Jamie McCourt, Yongjin Group and Zhen Fund.[4]
The company raised $5.33 million in Series A funding in March 2016. The round was led by Square Peg Capital and included Accomplice, as well as various angel investors.[5] At the time, the apps were being used by half a million students worldwide.[6]
In 2019, Ready4 was acquired by TAL Education Group (NYSE:TAL) to provide Ready4's offering at a larger scale.[7][8]
References[edit]
- ^ Sophie Blitman (13 June 2016). "Exclusif. EdTech : les 20 start-up qui comptent en Europe" (in French). EducPros.fr. Retrieved 22 November 2016.
- ^ Lauren Landry (21 August 2014). "MIT-Spun Startup Raises $3M to Help More Than Just Aspiring MBAs Study On the Go". BostInno. Retrieved 22 November 2016.
- ^ Tina Irgang. "How failing the GMAT 4 times turned Elad Shoushan onto a winning business idea". Smart CEO. Retrieved 22 November 2016.
- ^ Julian Chokkattu (21 August 2014). "LTG Exam Prep Platform Raises $3M In Series A Round To Develop SAT, More Test Apps". TechCrunch. Retrieved 22 November 2016.
- ^ Olivia Vanni (3 March 2016). "LTG Exam Prep Raised $5.25M to Go Beyond Its Free Mobile Test Prep". BostInno. Retrieved 22 November 2016.
- ^ "Israeli startup LTG Exam raises $5.3m". Globes. 21 March 2016. Retrieved 22 November 2016.
- ^ "TAL Education Acquires Test-Prep and College Admissions Startup, Ready4 - EdSurge News". EdSurge. 2019-02-08. Retrieved 2020-03-26.
- ^ "Beijing's TAL Education Group acquires Israeli-founded Ready4". The Jerusalem Post | JPost.com. Retrieved 2020-03-26.
External links[edit]
- Test preparation companies
- Educational software companies
- American companies established in 2012
- 2012 establishments in Massachusetts
- Software companies based in Massachusetts
- Technology companies based in the Boston area
- Virtual learning environments
- Privately held companies based in Massachusetts
- Defunct software companies of the United States
- Software companies established in 2012