RALEIGH, N.C., June 9, 2014 /PRNewswire/ -- WebAssign, the leading provider of online instructional tools for faculty and students, today announced that it continues to realize tremendous growth with a 12% increase in revenue over academic year 2012-2013, continued partnership with the nation's largest academic institutions, and creation of ongoing initiatives for educators and students.
"We are laser-focused on providing faculty and students with tools that generate success and promote student learning," said Alex Bloom, president. "WebAssign's flexible and robust application enables educators to design course material that supports their students' mastery of a concept."
As an employee-owned benefit company, WebAssign is committed to supporting and improving education instruction and student learning. WebAssign has been on a hiring trajectory, increasing its staff by nearly 150% since 2009. Demonstrating their commitment to education, more than 40% of WebAssign employees have a teaching background. To support this initiative, in January, Jack Y. Narayan, Ph.D., was named Chief Academic Officer to represent the academic community in regards to education technology trends and evolving teaching models. In March, Barbara Illowsky, Ph.D., joined WebAssign's Board of Directors, which works to uphold WebAssign's mission to support education.
As part of the academic year 2013-2014, WebAssign achieved multiple milestones, including:
- Partnership with 15 major academic textbook publishers to support 1,132 textbooks in the math, physics, chemistry, and statistics disciplines.
- Partnership with 12 academic institutions to develop large custom projects ranging from lab development to full course delivery.
- 5% growth in instructor accounts from spring 2012 to spring 2013.
- 9% growth in student registrations for STEM disciplines.
- Over 1 billion questions served since 1998.
In addition, the 14th annual WebAssign Users Group (WAUG) meeting will occur on June 26-27 in Raleigh, NC. This gathering includes more than 100 university, community college, and high school instructors and provides an environment for instructors to learn innovative ways to increase student engagement and exchange ideas with other WebAssign users.
"With our expertise in the STEM disciplines, our long-standing focus on education technology, and our dedication to the student and educator, I'm confident that WebAssign will continue making great strides in education," commented Alex Bloom.
WebAssign is a flexible and fully customizable online instructional system that puts powerful tools in the hands of teachers, enabling them to deploy assignments, instantly assess individual student performance, and realize their teaching goals. More than eight million students have used WebAssign to submit over one billion answers to homework assignments, tests, and assessments.
Headquartered in Raleigh, NC, WebAssign is an independent, employee-owned benefit company dedicated to education technology. For more information, visit www.webassign.net.