Pearson Still Won’t Buy Your Startup. But It May Invest in It. - EdSurge News
10 April 2019 10:46 AM GMT
Pearson probably still won?t buy your startup. But it may consider investing in it.Today, the publisher announced the launch of Pearson Ventures, a $50 ...
- As Pearson proceeded with its major internal restructuring, a process that began after Fallon took the helm in 2013 and which involved asset divestments and personnel layoffs, it put PALF's investment activities on pause.
- Creating its own investment fund, rather than funneling dollars through an outside firm like Learn Capital, "gives us more control over the scope of investments, and we can pick the verticals that we want to invest in," says Henkel.
- " That means that while other investors may pursue deals that could generate financially attractive returns, those businesses may not fit with Pearson Venture's investment thesis or interests.
- Over the past few years, Pearson has already let go of several flagship educational offerings, including a widely-used student information system in PowerSchool , and its U.S. K-12 courseware business .