World’s Learning Company Pearson Acquires EdTech Company Lumerit Education


World’s Learning Company Pearson Acquires EdTech Company Lumerit Education

World’s learning company Pearson has acquired Lumerit Education, an edtech company that provides services on college degree completion and affordability in the consumer and corporate markets, with a valuation of $29 million, the company has announced recently.

Pearson said it will use Lumerit’s technology and expertise to accelerate the growth of its Accelerated Pathways business, which started about three years ago to provide academic services to employers in the corporate learning market.  

Founded in 2004 and formerly called College Plus, Lumerit Education provides educational services for learners with focus on college degree completion and affordability in both consumer and corporate markets. It uses data and analytics to match learner profiles to academic programs to enable more people to prosper in their lives through learning. The company claims to have served more than 24,000 students across the US and in 48 countries to date.

Speaking about both Pearson and Lumerit and its future course, John Fallon, CEO, Pearson, said,

“Pearson is committed to making education more affordable and accessible in all phases of life so that anyone with a desire to learn can have the opportunity to obtain the skills necessary to build a successful career.”

“Lumerit’s team has had tremendous success opening doors to education by offering flexible and personalized learning that works no matter if you have a full-time job, are a single parent, are an 18-year old just out of high school, or even a combination of these. We’re excited to build on Lumerit’s rapid growth to expand opportunities for even more individuals looking to improve their lives through learning.”

As part of the deal, Lumerit’s 70 employees will join Pearson’s Online Learning Services division, which houses the Accelerated Pathways team. Pearson Accelerated Pathways works with employers to deliver education programs to employees to help them get better qualified and prosper in their careers and lives.  

Ryan Yamane, Co-founder and President of Lumerit Education, also issued a statement saying,

“Lumerit has built an organization dedicated to using technology to serve students from all backgrounds and at all points in their lives. There is no better way for us to continue to build on this success than by combining our incredible talent and innovation with the reach and resources of Pearson.”

Meanwhile, it is said that the acquisition of the San Antonio, Texas-based company marks Pearson’s return to the buyer’s side of the table after more than a couple of years on the other side selling assets and slashing jobs. The company is said to have acquired more than two dozen education companies since the turn of the century.

Img Src

About the Author
Author: Stephen Soulunii
Stephen Soulunii No more a student, but love to learn. Not a teacher, but care about how students are taught. Not an educator, but want everyone to be educated. Not a social worker, but desire to see change. Not a reformer, but always want to see a better world. The author believes that only sound education can bring a better future, better world and technology can help achieve a lot in this field.

Like what we do?

The Latest EdTech News To Your Inbox

Follow us:

   

   

 

Latest EdTech News To Your Inbox

About ETR Community

EdTechReview (ETR) is a community of and for everyone involved in education technology to connect and collaborate both online and offline to discover, learn, utilize and share about the best ways technology can improve learning, teaching, and leading in the 21st century.

EdTechReview spreads awareness on education technology and its role in 21st century education through best research and practices of using technology in education, and by facilitating events, training, professional development, and consultation in its adoption and implementation.

 

-> Read More

Join The Community

Subscribe and Join the 80,000+ members who trust us...

Follow us on

 
Testimonials
I find every news, reviews very informative and interesting. This site is indeed a great site for both teachers and learners. Thanks to EdTech for creating such an enriching site on education. Hats off!!
- Regin Brown, Educationist and Blogger, United Kingdom


My group likes this site because it's so up-to-date and has tons of relevant articles.
- Angela Giuliano, Teacher, New Mexico


Your write ups and articles ignites the minds making them receptive to the whole new wealth of EdTech.
- Jagat Rana, Parent, India


EdTechReview has some great resources for teachers who need to get some ideas about technology in the classroom.
- Loretta Wideman,Teacher, East Africa


EdTechReview keeps educators up to date with trending tech savvy terms relative to the discipline.
- Dr. Ingrid Rizzolo,Education Professional, Curriculum and Instruction Designer, New York City Area

-> Read More

Go to Our Client List

Adobe Avaya Bettasia Bonio Campus Management CK12 CKS Evernote IBM Intel IQPC Kidzania McGraw Hill Moodle Moot USC Rossier CMR University The British School Canadian International School Pathways Ridge Valley

Subscribe to our Newsletters...