Tribal Confirms £21m Rights Issue to Meet Banking Covenants and Move to AIM

The Board of Tribal Group, the provider of software and services to the education management market, have announced a fully underwritten £21m Rights Issue, which will help them to avoid breaching banking covenants.

The gross proceeds of the 1 for 1 Rights Issue (approximately £21 million), together with the disposal of the Synergy business announced earlier in the month, raises approximately £41.12 million, which will be used to reduce the Group's net debt.

B&N Education Buys LoudCloud Systems for $17.9m

Barnes & Noble Education have announced the acquisition of the assets of LoudCloud Systems, a digital platform and analytics provider to higher education, the for-profit sector, and K-12 segment.

LoudCloud's platforms include a competency based courseware platform, a learning analytics platform and services, an eReading product, and a learning management system (LMS). Its software captures and analyzes key behavioral and performance metrics from students, allowing educators to monitor and improve student outcomes.

LEO Learning becomes a certified Moodle partner

LEO Learning is now an official Moodle partner.

The certification makes LEO an official provider of Moodle services, cementing its position as a leading supplier of learning platforms and innovative training blends to the global corporate market.

McDonald’s Sweden transforms the Happy Meal box into a Virtual Reality experience

To celebrate the 30th anniversary of the Happy Meal in Sweden, McDonald's Sweden has developed Happy Goggles.

By re-folding the Happy Meal box, customers can create a pair of Virtual-Reality glasses which makes it possible to experience Virtual Reality with a smartphone.