M&A Deal Summary

Pearson Acquires Lumerit Education

On November 4, 2019, Pearson acquired education company Lumerit Education for 29M USD

Acquisition Highlights
  • This is Pearson’s 11th transaction in the Education sector.
  • This is Pearson’s 16th largest (disclosed) transaction.
  • This is Pearson’s 14th transaction in the United States.
  • This is Pearson’s 1st transaction in Texas.

M&A Deal Summary
Date 2019-11-04
Target Lumerit Education
Sector Education
Buyer(s) Pearson
Deal Type Add-on Acquisition
Deal Value 29M USD

Target

Lumerit Education

San Antonio, Texas, United States
Lumerit Education is an ed-tech company that helps address the issues of college degree completion and affordability in the consumer and corporate markets. The company uses data and analytics to match learner profiles to academic programs to enable more people to prosper in their lives through learning. Lumerit was formed in 2004 and is based in San Antonio, Texas.

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Buyer(S) 1

Buyer

Pearson

London, United Kingdom
Category Company
Founded 1844
Sector Publishing
Employees17,612
Revenue 3.7B GBP (2023)
DESCRIPTION
Pearson office in Bloomington, Minnesota.
Pearson office in Bloomington, Minnesota.

Pearson is a multinational publishing and education company. Pearson combines educational content and assessment, powered by services and technology, to enable more effective teaching and personalized learning at scale. Pearson was founded in 1844 and is based in London, United Kingdom.

DEAL STATS #
Overall 23 of 29
Sector (Education) 11 of 13
Type (Add-on Acquisition) 20 of 24
State (Texas) 1 of 1
Country (United States) 14 of 17
Year (2019) 1 of 1
Size (of disclosed) 16 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-17 GlobalEnglish

Brisbane, California, United States

GlobalEnglish Corp. is a provider of cloud-based software that teaches English to business users. GlobalEnglish was founded in 1997 and is based in Brisbane, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-18 Pearson - Immersive Learning Group

London, United Kingdom

Pearson PLC's Immersive Learning Group is a provider of holographic content management platform and suite of applications.

Sell -
Mergr

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