
Pearson PLC, publisher of the Financial Times and Penguin books and a major player in the ed-tech market, has agreed to buy the educational technology company Schoolnet for $230 million in cash.
London-based Pearson on April 26 said it expects the acquisition to be broadly neutral to earnings per share in 2011 and to enhance its earnings per share and return on invested capital in 2012.
New York-based Schoolnet, which aligns assessment, curriculum, and other services to help personalize instruction and improve teacher effectiveness, reportedly serves more than 5 million U.S. students from pre-kindergarten through the 12th grade.…Read More