Pearson, the UK-based publisher and education company, has acquired EmbanetCompass for $650m from an investor group led by Knowledge Universe, a US-based education corporate, and Technology Crossover Ventures.
Founded in 1995 Embanet provides online program design and development for post-secondary educational institutions.
Knowledge Universe previously invested in Embanet in 2007 which was Embanet’s first external round of funding
Embanet partners with leading non-profit colleges and universities in North America to provide online learning solutions for more than 100 university…
