For the past few years, Pearson was selling off assets acquired during the past decade. Recently, Pearson made a small acquisition which perhaps signals that portfolio rationalization at Pearson is ending.
Today, Pearson announced its first acquisition in three years: Lumerit Education, a San Antonio, Texas-based company that works with businesses to offer their employees opportunities to earn bachelor’s degrees. The deal, worth $29 million, marks Pearson’s return to the buyer’s side of the table after several years on the other side. And it will support a relatively newer part of the company: the Accelerated Pathways business, which started about three years ago to provide academic services to employers in the corporate learning market. The idea is to work with higher-ed institutions to offer degree-granting programs to workers at companies who have not earned postsecondary credentials.
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