Profile: Pearson PLC (PSO)
8 Dec 2016
Pearson plc (Pearson), incorporated on August 12, 1897, is an international education and media company. The Company has operations in the education, business information and consumer publishing markets. The Company operates through three segments: North America, Core and Growth. The Company creates and manages intellectual property, which it promotes and sells to its customers under brand names. It has three lines of business corresponding to the stages of learning: schools, higher education and professional, which includes the Financial Times (FT) Group. The Company delivers its content in a range of forms and through a range of channels, including books and online services. The Company offers services, as well as content, from test creation, administration and processing to teacher development and school software. It operates in approximately 70 countries across the world. Pearson consists of its education business, including the FT Group and holds interest in Penguin Random House.
Pearson education is a provider of educational materials and learning technologies. It provides test development, processing and scoring services to governments, educational institutions, corporations and professional bodies around the world. It publishes across the curriculum and provides a range of education services, including teacher development, educational software and system-wide solutions, and also owns and operates schools. Its professional testing business, Pearson VUE (VUE), is involved in electronic testing business for regulatory and certification boards, providing a suite of services from test development to test delivery and data management. Pearson VUE offers exams through a network of over 7,200 test centers across 190 countries, delivering the national council licensure examination (NCLEX) exam for the National Council of State Boards of Nursing, the graduate management admission test (GMAT) for the Graduate Management Admissions Council and numerous information technology (IT) exams, such as Cisco and CompTIA.
In the United Kingdom, Pearson VUE works with professional and government bodies, including the Chartered Institute of Management Accountants (CIMA) and the Construction Industry Training Board (CITB). Pearson VUE also includes Certiport, engaged in IT performance-based exams delivered through a global network of academic test centers, and general educational development (GED) Testing Service, a joint venture with the American Council on Education to deliver a high school equivalency exam. The businesses in Pearson's English division include Wall Street English (center-based learning for consumers); English Language Teaching (institutional English language publications, including brands, such as Longman); Pearson English Business Solutions (online business English learning solutions), and Grupo Multi (the adult English language training company in Brazil). The FT is a news organization. The FT provides a range of essential services, including news, comment, data and analysis. The FT consists of the FT newspaper and FT.com, Financial Publishing, FT Chinese, FT Labs and Medley Global Advisors.
The Company's North American business serves educators and students in the United States and Canada from early education through elementary, middle and high schools and into higher education. It offers a range of products and services, such as courseware, including curriculum textbooks and other learning materials; assessments, including test development and scoring, and services, including the provision of online learning services.
The Company's North America school business offers early learning solutions that help educators and families teach fundamental math and literacy skills; elementary and secondary imprints publish school programs in reading, literature, math, science and social studies, and digital instructional solutions for pre-kindergarten through 12th grade (k-12), such as enVisionMATH and Miller-Levine Biology. Its solutions include learning assessments to help gauge how students learn, talent assessments to help growing companies develop their workforce, and clinical assessments to help psychologists and speech/language/hearing/occupational and physical therapists diagnose and monitor patients. Its North America Higher Education business offers learning services for students, colleges and universities in the United States.
The Company's core markets are the United Kingdom, Australia, Germany, France, the Benelux countries and Italy. In the United Kingdom school market, the Company offers academic and vocational qualifications in names, such as Edexcel, Bachelor of Technology (BTEC) and London Chamber Of Commerce and Industry (LCCI). Learners take its qualifications in over 80 countries. The Company uses its online marking technology to mark examination papers and its ResultsPlus service provides analysis of every learner's examination results. The Company also offers digital products, such as Bug Club and ActiveLearn.
The Company provides English language schools in China and Brazil; partner schools in Brazil and India; vocational and higher education institutions from Saudi Arabia to South Africa, as well as textbooks and educational software. In Brazil, the Company offers sistemas or learning systems, which include Certificate of Conformity (COC), Dom Bosco, Pueri Domus and NAME. In South Africa, the Company runs over 10 of its CTI and MGI campuses throughout the country. Its campuses prioritize digital learning and enable students to access their courses through tablet devices.
The Company competes with Cengage Learning, McGraw-Hill, Houghton Mifflin Harcourt, K-12 Inc and ETS.
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