Pearson said it launched an incubator program for startups addressing the education market. The Pearson Catalyst program seeks to match startups with Pearson brands to promote pilot programs and provide resources. Startups need to be less than three years old with products ready to launch. The program will incubate 10 teams of founders for at least three months starting in mid April.
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Pearson, the London-based learning company, is today announcing the acquisition of Certiport from Spire Capital Partners for $140 million in cash. Founded in 1997 in Utah, Certiport develops, markets and distributes certification exams and practice tests of IT and digital literacy skills PRESS RELEASE: Pearson, the world’s leading learning company, is today announcing the acquisition of [...]
The law firm O’Melveny & Myers announced today that it’s representing Global Education & Technology Group Limited, a publicly traded company specializing in China-focused test prep services, in its proposed, $294 million sale to the global media company Pearson. The deal is expected to close by year end. PRESS RELEASE: O’Melveny & Myers LLP represents Global [...]
When Amazon revealed it now sells more digital books than print, it represented a permanent shift for the publishing industry. Borders’ bankruptcy filing only drives home the point. More Americans consume daily media online than anywhere else, and, as the tablet business continues to expand, a growing number of people all over the world will [...]
NEW YORK (Reuters) – Initial bids for Interactive Data Corp (IDC.N), the financial market data provider controlled by Pearson PLC (PSON.L), are due in mid-February, sources familiar with the situation said. Interactive Data has a market value of about $2.8 billion, based on Tuesday’s closing share price of $29.35 on the New York Stock Exchange. [...]