Schooling in the Ownership Society: Pearson buys virtual schools company

Schooling in the Ownership Society: Pearson buys virtual schools company:

Pearson buys virtual schools company

by Mike Klonsky

Textbook publisher Pearson announced today that it has acquiredConnections Education, which operates virtual schools or academies in 21 states and serves roughly 40,000 students. The company is expected to turn a $190 million profit in 2011.

This acquisition is the latest in a long string of mergers and acquisitionswithin the ed-tech business community, and it marks the first time that one