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Pearson said this week that it plans to acquire eCollege, an online distance education provider. The deal will cost Pearson $477 million net, including the agreed $41 million sale of eColleges Datamark division to a group of investors. The acquisition is expected to take place next quarter and has not yet been approved by shareholders.
eCollege works with colleges and universities to create and run various education programs, including professional development, degree programs, certificate programs, etc. The company currently supports about 180 institutions of higher education, including Eastern Michigan University, Texas A&M University at Commerce, and others, serving a total of about 1.2 million students (2006 figures). Some of its services include assessment, virtual campuses, retention monitoring, course development, course management, instructional design, and faculty training.
So whats the attraction for Pearson?
More : thejournal.com
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