Divestiture • Information Technology

Penn Foster Group Acquires UniversityNow - Learning Platform

On December 2, 2015, Penn Foster Group acquired information technology company UniversityNow - Learning Platform from UniversityNow

Acquisition Context
  • This is Penn Foster Group’s 1st transaction in the Information Technology sector.
  • This is Penn Foster Group’s 1st transaction in the United States.

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M&A Deal Summary

Date December 2, 2015
Target UniversityNow - Learning Platform
Sector Information Technology
Buyer(s) Penn Foster Group
Sellers(s) UniversityNow
Deal Type Divestiture

Target Company

UniversityNow - Learning Platform

United States
UniversityNow - Learning Platform is a provider of education learning platform services.
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Buyer Overview 1

Buyer

Penn Foster Group

Scranton, Pennsylvania, United States

Category Company
Founded 1890
Sector Education
DESCRIPTION

Penn Foster Group is a provider of high school diploma, workforce education, and training solutions. The business focuses on adult learners who seek forms of higher education to improve their career skills and employment status. Penn Foster Group was founded in 1890 and is based in Scranton, Pennsylvania.


Deal Context for Buyer #
Overall 1 of 4
Sector: Information Technology 1 of 1
Type: Divestiture 1 of 1
Country: United States 1 of 3
Year: 2015 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-06 Ashworth College

Norcross, Georgia, United States

Ashworth College is a nationally accredited online institution that provides flexible and affordable education to students located around the world. Areas of study include more than 145 career-focused programs in the high-demand fields of healthcare, technology, business, creative services, education, legal studies, and trades. In a 2017 survey done for DEAC, 95 percent of students and graduates of the school's 20 most popular programs said they were satisfied with their studies and would recommend Ashworth College to a friend.

Buy -

Seller Profile 1

SELLER

UniversityNow

San Francisco, California, United States

Category Company
Founded 2010
Sector Internet Software and Services
DESCRIPTION

UniversityNow, Inc. is a provider of cloud based education services.


Deal Context for Seller #
Overall 1 of 1
Sector: Information Technology 1 of 1
Type: Divestiture 1 of 1
Country: United States 1 of 1
Year: 2015 1 of 1