Bloomfire Awarded on TIME’s List of the World’s Top EdTech Companies 2024

Austin, TX – April 24, 2024 — Bloomfire has been awarded in the inaugural edition of the World’s Top EdTech Companies 2024. This prestigious award is presented by TIME and Statista Inc., the world’s leading statistics portal and industry ranking provider. The awards list was announced on April 17th, 2024, and can be viewed on Time.com.

The World’s Top EdTech Companies 2024 list recognizes companies primarily focused on developing and providing educational technologies, products, or services. Data was gathered from company applications, annual reports, media monitoring, and other public sources to support the research. Additionally, Statista worked with specialized data partners HolonIQ and LexisNexis PatentSight to further strengthen the data quality.

The ranking is built on the research and analysis of over 7,000 companies across two dimensions:

1. Financial Strength: Revenue, funding data, and company disclosures were analyzed.
2. Industry impact: Analyzed quality and impact of product or service portfolio, and the quality and value of the company’s intellectual property.

Companies received scores in each of these dimensions, which are then combined into an overall score. 250 companies with the highest scores demonstrating an extraordinary impact on the industry and strong financial performance were awarded.

Based on the study results, Bloomfire is ecstatic to be recognized on TIME’s list of the World’s Top EdTech Companies 2024.

Statista publishes hundreds of worldwide industry rankings and company listings with high-profile media partners. This research and analysis service is based on the success of statista.com, the leading data and business intelligence portal that provides statistics, relevant business data, and various market and consumer studies and surveys.

“We are honored and thrilled to be recognized by TIME as one of the World’s Top EdTech Companies for 2024. This accolade is a testament to the hard work, creativity, and dedication of our entire team at Bloomfire,” says Bloomfire CMO Dan Stradtman. “Our commitment remains to empower organizations with the tools they need to manage knowledge more effectively.”