Pearson VUE Expands with Acquisition of UT Firm
Bloomington-based Pearson VUE announced Wednesday that it has acquired American Fork, Utah-based Certiport, Inc.
Financial terms of the deal were not disclosed, although several media reports indicated that the purchase price was $140 million.
Pearson VUE provides computer-based testing technology and programs. It is a subsidiary of global education giant Pearson Education, Inc.
Certiport, meanwhile, develops, markets, and distributes certification exams and practice tests for schools and businesses; clients include Microsoft, Adobe, Hewlett-Packard, and Intuit. The company has 12,000 testing centers across the globe, and more than half of its revenue comes from outside of North America, according to Pearson VUE. Certiport's 2011 revenue totaled $48 million, according to a report by The Wall Street Journal.
Pearson VUE said that the acquisition will expand its product offerings and support its expansion into fast-growing international markets.
“Certiport is a successful global assessment business, which perfectly complements Pearson VUE's own high-stakes assessment model,” Pearson VUE CEO Bob Whelan said in a statement. “We are impressed with the company's growth, the high caliber of Certiport's employees, clients, and partners, and we look forward to the growth opportunities that will result from this acquisition.”
Pearson VUE has nine offices across the globe, including its Bloomington headquarters.