News Corporation has unveiled Amplify as the new brand and business of its education division incorporating Wireless Generation, the education technology company acquired for $360m in November 2010. Led by CEO, Joel Klein, Amplify is organised around three key areas of business:
Amplify Insight - focused on educational analytics and formative assessment through Wireless Generation. Amplify reports that Wireless Generation is currently used by 200,000 teachers and over 3m students in all 50 US states. In May 2012, Wireless Generation acquired Intel-Assess, a provider of customised assessment...
February was a good month for the share prices of UK companies with all or a significant part of their business derived from the education sector (see table). A major contributory factor was the annual results posted by seven of the listed companies covered by The Assignment Report's Monthly Sharewatch, published today.
Leading the way was Pearson who reported a 7% increase in revenue at its education business to £4.4bn in FY11 and an adjusted operating profit up 12% to £755m. And even those companies posting falls in revenue and profit were upbeat about the current year.
RM, the bellweather...
Last month saw further acquisition activity across the education sector in the UK and US including Cox & Kings £312m purchase of education and activity tour operator Holidaybreak, EduTone's acquisition of Global Grid for Learning from CUP and Providence's $1.64bn acquisition of Blackboard. Half year results from Pearson and Promethean reflected challenging conditions in the US and a profit warning from RM and half year results from Electric Word confirmed that the UK education market remains tough. Further analysis is available in the August edition of The Assignment Report
Issue 68 of The Assignment Report has been published. This month’s issue includes news of Promethean World’s profit warning and an analysis of CfBT’s latest financial results. For more information visit www.theassignmentreport.com
The Assignment Report is the leading market intelligence subscription newsletter for the UK education industry. Published monthly since 2005, the Assignment Report provides an in-depth analysis on the companies operating throughout the sector.