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M&A Deal Summary

GIGXR Acquires Pearson - Immersive Learning Group

On December 18, 2019, GIGXR acquired internet software and services company Pearson - Immersive Learning Group from Pearson

Acquisition Highlights
  • This is GIGXR’s 1st transaction in the Internet Software and Services sector.
  • This is GIGXR’s 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2019-12-18
Target Pearson - Immersive Learning Group
Sector Internet Software and Services
Buyer(s) GIGXR
Sellers(s) Pearson
Deal Type Divestiture

Target

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.

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Buyer(S) 1

Buyer

GIGXR

Venice, California, United States
Category Company
Founded 2019
Sector Internet Software and Services
DESCRIPTION

Global Immersive Group, Inc. is a provider of SaaS platform delivering extended reality (XR) learning applications for medical and nursing schools, higher education, healthcare, and enterprise. Global Immersive Group is based in Venice, California.

DEAL STATS #
Overall 1 of 1
Sector: Internet Software and Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 1
Year: 2019 M&A 1 of 1

Seller(S) 1

SELLER

Pearson

London, United Kingdom
Category Company
Founded 1844
Sector Publishing
Employees17,116
Revenue 3.6B GBP (2024)
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, England.

DEAL STATS #
Overall 12 of 16
Sector: Internet Software and Services M&A 3 of 3
Type: Divestiture M&A Deals 11 of 15
Country: United Kingdom M&A 4 of 5
Year: 2019 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-04 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.

Buy $29M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-16 Smart Sparrow - Interactive Learning Technology

Sydney, Australia

Smart Sparrow's Interactive Learning Technology is a provider of digital learning technology services in Australia.

Buy $25M
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