First it needed a Web platform from which to offer courses. Our existing systems were administrative rather than academic. CECC contracted with Real Education, a start-up company who provides a platform for Internet course delivery and technical services. Courses at CECC were on the Web in 100 days. They may provide infrastructure software, such as Blackboard and Real Education, that offers electronic platforms for the online delivery of college courses.
Venture capitalists are particularly bullish about corporate training and higher education markets.
Demographic shifts are one reason for investor interest in higher education. Americans are changing jobs more frequently, and we are in a knowledge-based economy. Both dynamics require frequent retraining. Combine these with revolutionary new communications technologies, and the education market is poised for a transformation. The market for higher education and corporate training is projected to be enormous.