Pearson, a publishing and education company whose products include books, newspapers, and online services, announced a major acquisition on Tuesday that will deepen its commitment to becoming a major player in online education.
The company, which owns the Financial Times and the Penguin Group book publisher, shelled out $650-million in cash to buy EmbanetCompass, a business that provides support services to colleges and universities that are moving their programs online.
Via Mark Smithers