RALEIGH, N.C., June 21, 2016 /PRNewswire/ -- WebAssign, a leading provider of digital instructional solutions for faculty and students, today announced it remains the market leading technology solution for calculus. WebAssign has maintained a 60% market share in the education technology space among calculus students and instructors for the last three years.
Amid growing competitive interest in the digital learning industry, WebAssign continues to experience strong overall growth. The edtech company reports an 11% increase in net revenue over the past year and a 13% compound annual growth rate (CAGR) for the last five years of student registrations.
"More than ever, educators are looking for edtech solutions that support student success while minimizing the growing cost of course materials," said Alex Bloom, WebAssign president and CEO. "We are proud that WebAssign is the digital instructional system of choice for much of the academic community."
In addition, WebAssign increased the number of its content partnerships by 27% over the past year, adding a wide range of academic content providers. WebAssign works not only with large publishers, but is unique in developing alliances with universities, small publishers, open educational resource (OER) providers, and individual authors and instructors to offer its customers a robust and varied content selection supported with WebAssign's powerful technology.
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 1.7 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.com.
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