What a great start for the weekend. Pearson’s Director of Digital Strategy confirmed on a media briefing in London this morning that
[…] there is definitely an M&A strategy. We’ll be focusing on digital service providers and acquiring great technology.
This is big news for online education start ups which might look for an exit one day.
Pearson already has a record of partnerships with and investments in a couple of online / mobile companies like Livemocha or Mobiledu. The possibility that Pearson is now actually aquiring tech start ups like Microsoft, Google, Facebook or Twitter do is really great.
Up to now this was kind of a missing link for me as none of the above have shown an actual strategy in education, at least not that focused that it would lead into acqusitions of edtech start ups.
Sure, we now have to wait if Pearson pulls out the wallet and actually buys a company but as soon as that happens you can be pretty sure that other publisher / media companies will follow suit and supercharge the edtech sector.