Pearson Buys EmbanetCompass for $650 Million in Education Push
Bloomberg – Simon Thiel
16-Oct
Pearson Plc agreed to buy EmbanetCompass, a provider of online learning services to North American colleges and universities, for $650 million in cash to expand its education business. Pearson, which gets most of its revenue from education services in the U.S., is buying the company from an investor group led by Technology Crossover Ventures and Knowledge Universe, the London-based company said in a statement today. Pearson, the publisher of the Financial Times newspaper and owner of the Penguin book publisher, has been expanding its education business to counter stagnating sales of print products. EmbanetCompass provides services such as learning program design and development, marketing and student recruitment, faculty training and support, data-driven student retention and learning analytics as well as counseling, tutoring and mentoring of students.
Press release: http://www.pearsoned.com/pearson-acquires-embanetcompass/#.UH1958XA_No
Tagged acqusition, E-learning, EbanetCompass, online learning, Pearson
