To Attract Investors, Pearson Boasts of Success in Acquiring State, PARCC and RTTT Contracts
Education giant, Pearson is bragging to potential investors about how well they did last year, and how well they expect to do next year. While admitting that ”state funding pressures and the transition to Common Core assessments continued to make market conditions tough for our state assessment and teacher testing businesses,” Pearson still had this to say about their success in the United States:
- The Partnership for Assessment of Readiness for College and Careers (PARCC), a consortium of 23 states, awarded Pearson and Educational Testing Service (ETS) the contract to develop test items that will be part of the new English and mathematics assessments to be administered from the 2014-2015 school year. The assessments will be based on what students need to be ready for college and careers, and will measure and track their progress along the way.
- We continued to produce strong growth in secure online testing, an important market for the future.
