Proactive investorsLogo Proactive Investors UK Website

Search field

1 year chart

digital-look imported chart image

1 day chart

digital-look imported chart image
Epic & Msn data
Epic PSON
Time: 11:16:35
Mid Price: 1002.00
Change Today: -1.00 Descending
Change % Today: -0.10 Descending
Fifty Two Week High: 1007.00
Fifty Two Week Low: 578.00
Market Capital: 8129.19
Period & price data
Period Price
Now: 1002.00
3 Months ago:
6 Months ago:
1 Year ago:
Additional information
Additional Information
Market: LSE
Sector: Media & Publishing
Epic: PSON
News: Latest news
Web Site: Pearson
Other Articles: 19-01-201020-10-200927-07-2009

Pearson

Pearson is an international media company with market-leading businesses in education, business information and consumer publishing.
Wednesday, June 24, 2009

Pearson invests a further US$30 mln in Indian education sector

company news image

Pearson PLC (LSE: PSON) announced a further investment of US$30 million in the Indian education sector, entering a joint venture with Delhi based Educomp Solutions and taking a stake in Bangalore based online tutoring service specialist TutorVista.

Pearson and Educomp have established a 50:50 joint venture to offer vocational and skills training in India. As part of the agreement, Pearson will acquire a 50 percent stake in Educomp's existing vocational training business. Educomp is listed on India's Bombay and National stock exchanges.

The joint venture will provide vocational training to students and professionals across a range of industries including financial services, retail and construction. It will have a focus on English language training.

Pearson has acquired a 17.2 percent stake in TutorVista, which provides online tutoring services for K-12 and college students. It connects experienced tutors with more than 20,000 registered students using Voice-Over-Internet-Protocol and online whiteboards.

Pearson is now TutorVista’s largest shareholder. It intends to add TutorVista's online tutoring to its range of services for students in North America, the UK and other parts of the world.

Chief executive Marjorie Scardino said: “We have great respect for the expertise, capabilities and innovation that Educomp and TutorVista have brought to the education market. We are enthusiastic about being their partners, because we see India not only as a big growth market in itself, but also as a place for us to build businesses that will be relevant across the world.”

NewsNow icon AddThis Feed Button
Register here to be notified of future Pearson articles.

Other Pearson news

More news ►

Investors interested in Pearson recently viewed


No investment advice

The Company is a publisher and is not registered with or authorised by the Financial Services Authority (FSA). You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.