Spinoff Tackles /$1B Online Education Market

WATERLOO — There is a new player in the growing market for online education, and it has hundreds of customers around the world just months after it launched.

DigitalEd was recently spun out of Maplesoft, a company founded in 1988 by two University of Waterloo math professors. At the core of Maplesoft’s software is a computational engine that does symbolic math for engineers, scientists and other researchers. The company, founded as Waterloo Maple, also developed software for teaching math and assessing the progress of students.

Essentially, the company was serving two markets — one for professionals and one for education, said chief executive officer Jim Cooper.

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