- London-based Pearson Plc announced that it would buy the online learning provider EmbanetCompass for $650 million from an investor group.
- EmbanetCompass currently serves colleges and universities in North America, as does Pearson, which is currently looking to expand its education offerings under incoming CEO John Fallon.
- Pearson expects EmbanetCompass to see sales of around $130 million in 2012.
From the article:
Pearson Plc (PSON) 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. ...