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November 17, 2006

Thomson to Sell Education Businesses

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The Thomson Corporation recently announced as part of a realignment that they intend to sell their Thomson Learning businesses, including those involved in higher education and e-testing.

The divestiture is to occur in three independent stages. First, NETg, a continuing corporate education and training provider, will be sold to Skillsoft PLC in early 2007. The higher education, careers and library reference sectors of the company will be sold via a competitive bidding process that will commence early next year. Finally, Prometric, an assessment service provider, will be sold off as a separate entity, also through a competitive bidding process. The Prometric sale is to be completed within the next year.

Prometric will presumably bring its purchaser strong ties with ETS (Educational Testing Service), a not-for-profit which administers the TOEFL exam, among others. Thomson Learning ELT is a leading provider of English language teaching materials in Japan, along with their flagship publisher, Heinle.

Read the Thomson Press Release
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