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Pearson buys GlobalEnglish
01.01.70 | Benedicte Page
International education publisher Pearson has acquired Business English language learning software company GlobalEnglish.
Pearson has acquired the company for $90m in cash. The acquisition is subject to the approval of GlobalEnglish's sharedholders.
GlobalEnglish is a provider of cloud-based, on-demand Business English learning, assessment and performance support software. The acquisition notice said the business currently serves more than 450 corporate customers, with its product suite including coursework, performance support tools, a mobile app and a one-on-one coaching service. About 75% of the company's 200,000 active subscribers are in Latin America and Asia.
Pearson International education business chief executive John Fallon said: "We are impressed by GlobalEnglish's services and products, the ambition and professionalism of its management and staff and the positive testimonials of customers from major international corporations.
"The rise of English as a global language of business continues. This acquisition enables Pearson to play a much more systematic role in meeting the need of major companies around the world for quality, effective, scalable and relevant English language learning. We can combine services, technology, brands and content from across the Pearson family with the GlobalEnglish product portfolio to enrich the learning experience and enhance further the effectiveness of the teaching."