Visit ELTBOOKS - all Western ELT Books with 20% discount (Japan only)

May 29, 2012

Pearson buys GlobalEnglish for $90 million dollars

Teaching-English-in-Japan-Education-Pearson" Pearson, the world's largest education company, has bought online business English learning provider GlobalEnglish for $90 million in cash, it announced in a press release on Friday.

The acquisition supports one of Pearson's major priorities, which is to play a much bigger role in helping the two billion people around the world estimated to be learning English as a second or foreign language. GlobalEnglish complements Pearson's adult English language training business, Wall Street English, by enabling Pearson to expand more rapidly into the corporate market with cost-effective and scalable cloud-based Business English software solutions and to offer the world's pre-eminent companies a full suite of relevant products and services.

In 2011 GlobalEnglish generated revenues of approximately $42m with high renewal rates. The company has more than 200 employees across more than 20 countries.

See also:
GlobalEnglish website
Press release on the Wall Street Journal
Pearson buys English testing service in China
Pearson partners with Livemocha

Share this:  


« Previous | Main | Next »

Recent Headlines

Columns

Columns
Hedbanz / Charades
Helene J Uchida
Columns
Think Read Write
David Lisgo

Features

Useful Links

Organizations

  • ALTEThe Association of Language Testers in Europe
  • British CouncilInformation, resources, and links to other sites
  • Cambridge English Language AssessmentInformation on examination and qualifications for teachers and students
  • IALICInternational Association for Languages and Intercultural Communication
  • IALLTInternational Association for Language Learning Technology
  • IATEFL"Linking, developing and supporting" ELT professionals worldwide
  • TESOL IncPublishing, connecting, events and career development for teachers

Japan

Comments

Events

World Today