M&A Deal Summary

Pearson Acquires Virtual Nerd

On April 1, 2013, Pearson acquired education company Virtual Nerd from Quantum Ventures of Michigan

Acquisition Highlights
  • This is Pearson’s 9th transaction in the Education sector.
  • This is Pearson’s 12th transaction in the United States.
  • This is Pearson’s 1st transaction in Missouri.

M&A Deal Summary

Date 2013-04-01
Target Virtual Nerd
Sector Education
Buyer(s) Pearson
Sellers(s) Quantum Ventures of Michigan
Deal Type Add-on Acquisition

Target

Virtual Nerd

St. Louis, Missouri, United States
Virtual Nerd offers the advantages of private tutoring at a fraction of the cost, and their unique service is available wherever and whenever a student might need it. Combining outstanding teaching in math and science with a patent-pending individualized learning platform, Virtual Nerd's tutorial system anticipates students’ questions and allows them to take a personalized path through the material in whatever way best serves their needs. Subscribing students gain access to hundreds of interactive step-by-step lessons covering Pre-Algebra, Algebra 1, Algebra 2, and introductory Physics.

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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 20 of 29
Sector (Education) 9 of 13
Type (Add-on Acquisition) 17 of 24
State (Missouri) 1 of 1
Country (United States) 12 of 17
Year (2013) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-17 Embanet

Toronto, Ontario, Canada

Embanet is an integrated, full service partner of non-profit institutions that provides online program design and development, marketing, enrollment and technology support. The company works with clients to effectively deliver technology support services to maximize their students' academic success and program completion.

Buy $650M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-22 Learning Catalytics

Brookline, Massachusetts, United States

Learning Catalytics LLC is an advanced, cloud-based learning analytics and assessment system.

Buy -

Seller(S) 1

SELLER

Quantum Ventures of Michigan

Auburn Hills, Michigan, United States

Category Private Equity Firm
Size Small
Type Sector Agnostic
DESCRIPTION

Quantum Ventures of Michigan is a private investment and corporate development firm focused on middle-market stand-alone company and corporate divestiture acquisitions. Quantum targets companies with revenues of $1 to $50 million and EBITDA between $0.5 and $5 million. The Firm's preferred transaction size is $2 to $10 million. Quantum will consider investments in automotive parts, industrial manufacturing, industrial distribution, industrial equipment, financial services, sports equipment, internet services and media, and software development. Prospective transaction situations include leveraged buyouts, management buyouts, recapitalizations, expansion capital, and selective turnaround situations. Quantum Ventures of Michigan is based in Troy, Michigan.


DEAL STATS #
Overall 7 of 8
Sector (Education) 1 of 1
Type (Add-on Acquisition) 2 of 3
State (Missouri) 1 of 1
Country (United States) 7 of 8
Year (2013) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-01 Yobi

West Bloomfield, Michigan, United States

Yobi.tv is the revolutionary online network that allows talented people the opportunity to win cash prizes and life-changing experiences. Contestants submit their videos or images into one of four contest channels: YOBISing (singing), YOBIFilm (filmmaking), YOBIPics (photography), and YOBILaugh (comedy). Winners are determined by user votes.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-01 LocalBizNOW.com

Auburn Hills, Michigan, United States

LocalBizNOW.com is an all-in-one local digital marketing platform. LBN removes the complexity of local digital activation for multi-location companies, and provides clients with a scalable, efficient marketing solution. LBN’s innovative group-search offering enables clients to get the highest converting traffic at the lowest cost with location-based targeting across search engines and devices. The LBN platform optimizes budgets at the national, regional or store level for multi-location brands. LBN offers a comprehensive, effective and efficient set of digital tools that cover SEM, SEO, Social Media, Listings, Reviews, Attribution, Native Advertising, Display and more. LBN has offices in Auburn Hills and Los Angeles.

Sell -