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""It's an LMS [learning management system] that's wrapped around a very high-quality course," says Koller, the co-founder. "It's not just the box, it's a course in a box.""

"Welcome to the college education revolution. Big breakthroughs happen when what is suddenly possible meets what is desperately necessary. "

"Twelve top universities Tuesday joined a venture that offers free Internet courses world-wide, in a bet by some of the most prestigious institutions globally on online education."

"Essentially, the network allows schools to define the structure of their online courses and customize the learning experience. They can choose to offer courses in a scalable, open format (i.e. MOOC-style) or pursue a smaller, more closed model, in which courses are taught on the online platform schools already have up and running - and are tuition-based."