Profile: Pearson PLC (PSO)
1 May 2015
Pearson plc, (Pearson), incorporated on August 12, 1897, is a holding, media and education company. The Company, through its subsidiaries, performs principal operations, which include education, business information and consumer publishing markets. The Company delivers its content in a variety of forms and through a variety of channels, including books, newspapers and online services. The Company offers services, as well as content, from test creation, administration and processing to teacher development and school software. Pearson consists of three businesses across the world: Pearson Education, FT Group and 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. As of December 31, 2013, Pearson Education operated through three segments: North American Education, International Education and Professional.
The Company’s North American Education business serves educators and students in the United States of America and Canada from early education through elementary, middle and high schools and into higher education with a range of products and services: curriculum textbooks and other learning materials; student assessments and testing services; and education technologies. The North American School business contains mix of publishing, testing and technology products for the elementary and secondary school markets. The Company also provides digital instructional solutions under Pearson Digital Learning, such as enVisionMATH and Miller-Levine Biology. The business also provides student information, assessment, reporting and business solutions (Pearson School Systems), which enables elementary, and secondary schools and school districts to record and manage information about student attendance and performance, and instructional improvement systems that allow for data-driven personalized instruction and teacher support.
The Company’s imprints include Pearson Prentice Hall, a higher education publisher across all disciplines; Pearson Addison Wesley and Pearson Benjamin Cummings, the premier publishers in computing, economics, finance, mathematics, science, and statistics; Pearson Longman, the regarded publisher of materials in English, history, philosophy, political science, and religion; and Pearson Allyn & Bacon, at the forefront of the social services, humanities and education disciplines.
The Company’s North American Assessment and Information business provides educational assessment services and solutions in the United States, developing, scoring and processing a volume of student tests each year, for the United States and the federal Government. The Company also develops clinical assessments for the professional practice areas of psychology, speech, language, hearing, occupational and physical therapy; global talent assessment and learning assessment.
The Company’s International Education business covers educational publishing and related services. The Company’s portfolio includes text books, digital learning solutions, online testing and assessments and a suite of integrated services. The International schools business publishes educational materials in local languages. Pearson’s International higher education business adapts its textbooks and technology services for individual markets, including its MyLab and Mastering online learning products. The Company also provides testing, assessment and qualification services under the brand name Edexcel.
The Company’s Professional education business is focused on publishing, training, testing and certification for professionals. The Professional education business publishes computer, information technology, and business titles. Pearson’s imprints include Addison-Wesley Professional; Financial Times-Prentice Hall; New Riders; Peachpit Press, Prentice Hall, Que and Sams, Wharton School Publishing and Cisco Press.
The Company’s professional testing business, Pearson VUE is as electronic testing providing a suite of services from test development to test delivery and data management. Pearson VUE offers exams through a network of test centres in 163 countries, delivering the NCLEX exam for the National Council of State Boards of Nursing, the GMAT for the Graduate Management Admissions Council and IT exams, such as Cisco and CompTIA.
The FT Group provides business and financial news, data, comment and analysis, in print and online, to the international business community. The FT Group includes the Financial Times newspaper and FT.com Website, a range of financial magazines and online services, and Merger market, which provides forward-looking insights and intelligence to businesses and financial institutions.
Pearson owns a 47% interest in Penguin Random House. Pearson accounts for its interest in Penguin Random House on the equity basis. It consists of adult and children’s fiction and nonfiction print and digital book publishing businesses of Penguin and Random House.
The Company competes with Cengage Learning, McGraw-Hill and Houghton Mifflin Harcourt, K-12 Inc., ETS and The Wall Street Journal.
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