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Bertelsmann Moves into University Business

Bertelsmann takes a controlling stake in United States-based Alliant International University in a step to diversify and expand into the business of operating universities.  This is part of Bertelsmann’s strategy to make education a top priority. It has vowed to achieve 1 billion euros ($1.13 billion) in revenue from a global market which is estimated to be worth $5.5 trillion ... Read More »

Tencent & New Oriental Announce Online Education Joint Venture

New Oriental Education & Technology Group, the Chinese behemoth in private education, announced that it had established a joint venture with Chinese Internet giant Tencent on online education.   The company is named Weixue Mingri which means micro-learning for tomorrows.  Pan Xin, vice president at New Oriental’s online business will be the JV’s CEO and Yu Minhong (aka. Michael Yu), ... Read More »

Information Literacy: German Teachers Call for Compulsory Teaching in Informatics

According to a survey conducted by the German IT Association BITCOM, a majority of Germany teachers call for the compulsory teaching of Informatics.   Approximately 73% are supporting an introduction of this subject in general, 45% of teachers support it specifically and 28% are positively inclined. The highest support for the compulsory introduction of Informatics can be found among teachers in ... Read More »

Sanoma Pro Oy Divests its B2B Business to Talentum

Sanoma Pro sells its B2B business to Talentum.  The transaction supports Sanoma’s strategy according to which Sanoma Pro focuses on developing and producing learning solutions.  Sanoma Pro and Talentum have signed the agreement on 20 March 2014 and the transfer of the business is planned for Thursday 1 May 2014. Sanoma Pro’s B2B operations produce up-to-date digital and training services ... Read More »

National PTA and LifeLock Forge Partnership to Empower Kids and Teens to Be Safe While Using Digital Technology

With the Proliferation of Children and Teens Using Technology, the Partnership Will Focus on Developing Tools for Students and Families on Good Digital Citizenship National PTA ® and LifeLock, Inc. have partnered to raise awareness about the long-term impact of online activity and encourage students to be good digital citizens.   The program is designed to empower students with the knowledge ... Read More »

DeepDyve and FIZ Karlsruhe Partner to Offer Document Rental Services to FIZ AutoDoc Clients

FIZ Karlsruhe Customers Now Able to Rent Full-text Scholarly Articles from DeepDyve’s Catalog of Over 10 Million Authoritative Journal Articles FIZ Karlsruhe, a top international provider of scientific information and services, and DeepDyve Inc., the leading online rental service for scholarly and professional research articles, announced today an agreement to offer DeepDyve’s innovative article rental capability to FIZ AutoDoc’s clients representing ... Read More »

Rosetta Stone Enters China with $28M Acquisition

Rosetta Stone Inc. is to acquire Tell Me More S.A., a language learning software company with a significant presence in Europe, Latin America, China and the U.S., for $28 million. Tell Me More gets about 95 percent of its business from corporate and higher education customers. Rosetta Stone says the acquisition will increase its corporate and education business to more ... Read More »

Informa Sells Five Corporate Training Assets for US $180 Million

Informa Plc agreed to divest its interest from its five corporate training businesses after signing an agreement with Providence Equity Partners. The total consideration for the sale amounted to US $180 million. The company, one of the premier academic publishing and business information and events groups, said in a statement that it’s looking to focus more on its subscription and ... Read More »

Cengage Learning Files Chapter 11 Reorganization

Cengage Learning has reached an agreement with lenders to restructure balance sheet and strengthen financial position Cengage Learning, Inc., an educational content, software and services company for the academic, professional and library markets worldwide, announced today an agreement with certain of its lenders to restructure its balance sheet and significantly reduce its approximately $5.8 billion of outstanding debt to better ... Read More »

Triumph Learning Partners with Access Innovations on Taxonomy

Triumph Learning LLC, a New York-based print and digital educational content company, has partnered with Access Innovations, Inc., a leader in taxonomy development, to create a new, state-of-the-art taxonomy designed to precisely align standards-based instructional content for all grades in the K– 12 education market. To help Triumph Learning manage its content development more effectively, Access Innovations designed and built ... Read More »

McGraw-Hill Comments on Progress of the Sale of McGraw-Hill Education to Apollo and Revision to an All-Cash Transaction

The McGraw-Hill Companies (NYSE: MHP) commented on the launching of bank debt financing to support the previously disclosed purchase by investment funds affiliated with Apollo Global Management, LLC (NYSE: APO) of the McGraw-Hill education business. “We are pleased with the progress that is being made to secure funding, that the sale of McGraw-Hill Education is now an all-cash deal, and ... Read More »

McGraw-Hill to Sell Education Business to Apollo for $2.5 Billion

After a year of planning and speculation the news is finally out:   The McGraw-Hill Companies (NYSE: MHP) (“the Company”) announced it has signed a definitive agreement to sell its McGraw-Hill Education business to investment funds affiliated with Apollo Global Management, LLC (NYSE: APO) (collectively with its subsidiaries, “Apollo”), for a purchase price of $2.5 billion, subject to certain closing adjustments.  ... Read More »

Cengage, Bain, Apollo in Bid for McGraw-Hill Education

McGraw-Hill Companies Inc’s (MHP) education unit is expected to draw final bids from private equity firms Bain Capital and Apollo Global Management (APO) as well as rival Cengage Learning Inc, at a potential value of $3 billion.  Cengage, the No. 2 U.S. college textbook publisher, BAIN Capital and Apollo are working on final offers for McGraw-Hill Education. McGraw-Hill which is ... Read More »

McGraw-Hill Companies Q2 Revenues Decreased by 1% – EPS Increased by 11% Driven by Cost Reduction

The McGraw-Hill Companies (NYSE: MHP) reported revenue of $1,547 million in the second quarter, a decrease of 1% compared to the same period last year, as a result of a 5% increase at McGraw-Hill Financial and a 12% decline at McGraw-Hill Education. Net income from continuing operations increased 2% to $216 million and diluted earnings per share increased 11% to ... Read More »