Pearson Agrees to Purchase eCollege for $477 Million
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Pearson, an international education, business-information and consumer publishing company, with headquarters in London and New York, has agreed to purchase eCollege, which the company calls a leader in the fast-growing U.S. online distance-learning market.
Founded in 1996, eCollege works with partner educational institutions to design, build and support online degree, certificate, diploma and professional-development programs. It offers a full range of on-demand software services including virtual campuses, course management and assessment, retention-monitoring tools and reporting.
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