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US: Zovio sells TutorMe to GoGuardian for $55m

TutorMe

US-based educational services company Zovio has sold its online tutoring business TutorMe to ed tech company GoGuardian for $55 million in cash.

TutorMe provides instant online tutoring services 24/7 to more than 1.5 million students across 300 subjects. The company’s platform mirrors a one-on-one, in-person tutoring session with live video and voice functionality and claims to be affordable to all students.

Zovio acquired TutorMe in 2019 at the same time as it changed its brand from Bridgepoint Education.

TutorMe’s co-founder and chief executive Myles Hunter said: “TutorMe saw a 600% surge in demand during the pandemic and students continue to experience the effects of pandemic-related learning challenges. Joining forces with GoGuardian presents a unique opportunity to reach students with personal academic support when and where they need it.”

Founded in 2014 and based in Los Angeles, GoGuardian provides K12 schools with a range of services, including monitoring student activity online, filtering content, supporting student mental health, and protecting students from harmful or distracting content.

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