Pearson acquires stake in two more education companies

Educational publisher Pearson announced on June 24 that it is partnering with an Indian education company and an internet tutoring firm as it increases its focus on the huge Indian market, the New York Times reports. Pearson is buying half of the vocational training business of Educomp Solutions, a New Delhi education company that creates software and training systems for 23,000 schools. Pearson also is buying a 17.2 percent stake in TutorVista, an online tutoring company that brings together Indian tutors and American students. Together, the deals are valued at $30 million, Pearson said, but the company did not provide more financial details. Pearson has been building its education business in China and Latin America in recent years and hopes to broaden its focus to include India. Educomp makes classroom plans, trains teachers, audits schools, and sells information technology plans to computerize classrooms. TutorVista provides online math, English, and science tutors for students from kindergarten through 12th grade. The online tutors, who are based in India, cost about one-fifth of those based in the United States, Pearson said…

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