Pearson Moves Deeper Into Online Education With $650-Million Purchase - Katherine Mangan, Chronicle of Higher Ed

Pearson, a publishing and education company whose products include books, newspapers, and online services, announced a major acquisition on Tuesday that will deepen its commitment to becoming a major player in online education. The company, which owns the Financial Times and the Penguin Group book publisher, shelled out $650-million in cash to buy EmbanetCompass, a business that provides support services to colleges and universities that are moving their programs online. The announcement came on the heels of Pearson’s move last year to start a free, cloud-based learning-management system called OpenClass. http://chronicle.com/blogs/wiredcampus/pearson-moves-deeper-into-online-education-with-650-million-purchase/40488