Update 9/30/15: Today, the company was sold to a group of private investors including Joel Klein, and Klein has stepped down as CEO.
Many ghosts from Tweed and NYC’s education past have re-appeared in the news the past few
December 5, 2012: Klein gives a presentation at the annual UBS Global Media conference. He calls the United States K-12 system a $673 billion market “ripe for disruption," and that Amplify will capture a major share through its educational software, assessments, tablets and the Common Core standards. He says that this is “a national security issue” and that if education doesn’t adopt technology, “the country won’t go forward.” His power point has the following phrase: “Amplify is a balanced investment opportunity in the disruptive innovation in education.”
Klein adds that due to costs of developing its products, Amplify has spent about $180 million, which he calls a “disciplined investment” and is expected to generate about $100 million in revenue that year—because technology is “saving money,” and that “school systems want this.” He praises the Race to the Top program which offers grants to implement the solutions offered by his company, and shows the slide above. (The power point is no longer on the News Corp website, but is archived on the Wayback Machine.)