Pearson PLC acquires Certiport For $140 Million

Date : 05/16/2012 @ 10:22AM
Source : Dow Jones News
Stock : Pearson, (PSO)
Quote : 8.11  0.09 (1.12%) @ 1:01PM

Pearson PLC acquires Certiport For $140 Million

Pearson (LSE:PSON)
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Pearson PLC (PSON.LN), a leading learning company, said Wednesday it has acquired Certiport Inc. from Spire Capital Partners for $140 million in cash.

MAIN FACTS:

-Founded in 1997 in Utah, Certiport develops, markets and distributes certification exams and practice tests of IT and digital literacy skills.

-It is a leading provider of foundation-level certification programmes for Microsoft, Adobe, HP, Intuit and other technology companies.

-The network delivers approximately 225,000 examinations in 27 languages every month.

-The acquisition extends the product range and geographic reach of Pearson's professional testing business, Pearson VUE.

-Certiport also supports Pearson VUE's expansion in fast-growing international markets, generating more than 60% of its revenues outside North America with particular strength in Asia and the Middle East.

-Certiport generated revenues of $48 million in 2011.

-Pearson expects the acquisition to enhance adjusted earnings per share and to generate a return on invested capital above Pearson's weighted average cost of capital from 2013, its first full year.

-Shares at 1349 GMT unchanged at 1153 pence, valuing the company at GBP9.4 billion.

-By Mark Shapland, Dow Jones Newswires; +44 207 8429358; mark.shapland@dowjones.com




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