Toolwire Wins Red Herring Global 100 Award as the World Leader in
Experiential Learning Solutions
Scalable experiential learning technologies support community
colleges and for-profit universities focused on engaging and
retaining students and producing workforce-ready graduates
Toolwire (www.toolwire.com), the world leader in experiential
learning technologies, announced that it has been named to the Red
Herring Global 100, a prestigious list recognizing the leading
private technology companies in North America, Europe, and Asia.
Red Herring editors were among the first to recognize that companies
such as Google, Skype, Baidu, Salesforce.com, YouTube, eBay and many
others would change the way we live and work.
"Toolwire is greatly honored to join Red Herring’s distinguished
list of global leaders," commented Toolwire President and CEO John
Valencia. "2011 was a record-breaking year for our company; however,
we anticipate even greater success in 2012. We’re developing
learning solutions for most of the top 15 for-profit universities
and several large community college consortia to help them engage
and retain more students and produce career-ready graduates in high
demand fields such as Health Care, Business, and Information
Technology. In addition, we’re working with several publishers to
embed learning content into our experiential learning solutions in
ways that will bring learning to life for our students. As Red
Herring’s editors have clearly identified, Toolwire’s immersive,
contextual learning experiences are a game-changing innovation in
education."
"Choosing the best out of the previous two years was by no means a
small feat," said Alex Vieux, Chairman of Red Herring. "After
rigorous contemplation and discussion, we narrowed down our list
from 1,100 potential companies to 100 winners. It was an extremely
difficult process. Toolwire should be extremely proud of its
achievement, the competition for the Top 100 was fierce. The Top 100
Global are truly the best of the best."
Toolwire Learnscapes, StudentDesktops, LiveLabs, and Scenarios
provide on-demand, personalized practice and "virtual internships"
to meet the needs of today's learners. Toolwire’s learning solutions
address a fundamental problem: experiential learning has been
significantly underutilized in education and training. In the past,
the challenge of delivering experiential learning has been time
consuming, expensive, hard to scale, and hard to assess.
Toolwire has found a way to solve these problems by innovating a
range of learning solutions that help students develop both
hard-skills and soft-skills such as critical thinking, problem
solving, and communication in engaging and relevant ways that
address the age-old student objections, "Why am I studying this? How
do these concepts apply to the real world?"
Toolwire’s earliest clients included several leading global software
companies looking to reduce training costs. For these clients, the
company developed learning solutions providing on-demand access to
Hard/Software in the "cloud". These valuable hands-on learning tools
remain extremely attractive to institutions providing workforce
training and certification in fields such Information Technology
(IT) and Health Information Technology (HIT).
The company’s recent growth has been driven by the large scale
development and deployment of immersive learning environments known
as Toolwire Learnscapes.
Innovated in response to demand from Higher Education institutions,
Learnscapes contain interactive video-characters and highly
engaging, photo-realistic environments that create a "context" for
learning to take place and require students to perform real-world
tasks that demonstrate meaningful application of essential knowledge
and skills. Along the way, "Natural Assessments" track student
performance and provide remediation in a way that is extremely
valuable to institutions focused on greater accountability and
measurable student outcomes.
Toolwire Learnscapes have been used by over 500,000 students and
employees across multiple institutions and subject disciplines in 71
countries. These students have benefited from over 100 million
minutes of real life experience and training using Learnscapes.
End
About the Red Herring Global 100 Awards
Red Herring Global is the culmination of a year's work of scouring
thousands of privately held companies from around the world. The
pool of candidates for the award contains the top private companies
from the Regional competitions in Europe, North America, and Asia.
Red Herring’s editorial staff evaluated the companies on both
quantitative and qualitative criteria, such as financial
performance, technology innovation, management quality, strategy,
and market penetration. This assessment of potential is complemented
by a review of the track record and standing of startups relative to
their sector peers, allowing Red Herring to see past the "buzz" and
make the list an invaluable instrument of discovery and advocacy for
the greatest business opportunities from around the world.
About Toolwire
Toolwire is a learning solutions provider specializing in products
and services for experiential learning. Serving global leaders in
both the private sector and Higher Education, Toolwire’s core
competencies include both hosting and supporting technology
solutions and developing media-rich educational content. Toolwire
Learnscapes, StudentDesktops, Scenarios, and LiveLabs provide the
quickest, most effective way to develop skills and enhance student
success. These innovative learning solutions enable organizations to
provide "virtual internships" across a broad range of subjects
including Business, Health Care, Legal, Information Technology, and
more. For more information, please visit www.toolwire.com.
Media Contacts:
Peyton Williams
Product Marketing and Programs Manager
Toolwire, Inc.
1-646-352-2525
pwilliams@toolwire.com
Bob Little
Bob Little Press & PR
+44 (0)1727 860405
bob.little@boblittlepr.com
