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 programmes. Embanet’s expected revenue for 2012 is $130m The deal marks the largest acquisition by Pearson since 2007 when it acquired Harcourt Assessment as well as the international arm of Harcourt Education for $950m.

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