M&A Deal Summary

Prometric Acquires Paragon Testing Enterprises

On April 7, 2021, Prometric acquired education company Paragon Testing Enterprises

Acquisition Highlights
  • This is Prometric’s 2nd transaction in the Education sector.
  • This is Prometric’s 1st transaction in Canada.
  • This is Prometric’s 1st transaction in British Columbia.

M&A Deal Summary
Date 2021-04-07
Target Paragon Testing Enterprises
Sector Education
Buyer(s) Prometric
Deal Type Add-on Acquisition

Target

Paragon Testing Enterprises

Vancouver, British Columbia, Canada
Paragon Testing Enterprises is a provider of high-stakes English language proficiency tests. The company’s tests include the Canadian English Language Proficiency Index Program (CELPIP®) for Canadian permanent residence and citizenship and the Canadian Academic English Language Test – Computer Edition (CAEL CE®) for study at post-secondary institutions across Canada. The acquisition will significantly increase global access to the Paragon tests that are currently administered at 60 test centers across Canada and at 15 locations in the United States, China, India, Philippines, Singapore, and the United Arab Emirates. Paragon’s CAEL Online test is currently available in Canada, the United States, Mexico, Brazil, Colombia, and Japan.

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Buyer(S) 1

Buyer

Prometric

Baltimore, Maryland, United States
Category Company
Founded 1990
Sector Education
DESCRIPTION

Prometric provides technology-enabled assessment services, providing paper-and-pencil, Internet and computer-based testing solutions. It offers a fully integrated testing system that includes test development, test delivery and data management capabilities. On behalf of more than 400 clients in the academic, professional, government, corporate and information technology markets, Prometric develops and/or delivers assessments through a global network of testing centers in 132 countries as well as direct to candidates via the Internet.

DEAL STATS #
Overall 4 of 5
Sector (Education) 2 of 3
Type (Add-on Acquisition) 4 of 5
State (British Columbia) 1 of 1
Country (Canada) 1 of 1
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-11 DL Roope Administrations

Hampden, Maine, United States

DL Roope Administrations, Inc. is a provider in the administration of NIC State Board licensure examinations in cosmetology and related sub-specialities. DL Roope Administrations, Inc. is based in Hampden, Maine.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-09 EdPower

Meridian, Idaho, United States

EdPower is a provider of cloud-based solutions for the K-12 market. EdPower is based in Meridian, Idaho.

Buy -
Mergr

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