Grovo

Grovo is a New York City-based company established in 2010 by Jeff Fernandez, Nick Narodny, and Surag Mungekar that develops a software-as-a-service (SaaS) platform focused on microlearning, to allow users to create, manage, and distribute educational content.

History

Grovo was established in 2010 by Jeff Fernandez, Nick Narodny, and Surag Mungekar. The company initially operated as a consumer-focused company providing video training for digital skills. In early 2013, Grovo transitioned to a B2B SaaS model, concentrating on the development of a microlearning platform.

In May 2017, Axios reported that Grovo encountered financial difficulties, which contributed to the departure of its founders.

In November 2018, Grovo was acquired by management solutions provider Cornerstone OnDemand, for $24 million.

Business model

Grovo operates on a SaaS (Software-as-a-Service) learning platform. Grovo refers to its approach as microlearning, delivering 144-second video and audio lessons interspersed with short quizzes and practice assignments. In November

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Source: Wikipedia