1.
Pearson to acquire workforce assessment provider PDRI for $190 million
Acquisition to
significantly expand Pearson's services to US federal government. London-based
education publisher Pearson has entered into an agreement with SHL Group to
acquire workforce assessment services provider Personnel Decisions Research
Institutes, LLC (PDRI).
PDRI has significant
expertise in providing assessment solutions to the US federal government, one
of the largest employers in the US with more than 4 million employees.
The consideration for
PDRI represents an enterprise value of $190 million, which will be funded from
Pearson's existing cash and available liquidity.
Completion of the
acquisition is expected to occur during H1 2023 subject to regular closing
conditions, including any required regulatory filings or approvals.
This acquisition
further expands Pearson's portfolio, accelerating the company's strategy to
capture new market opportunities and grow its presence with large
employers.
PDRI will join
Pearson's assessment & qualifications division. Within this division,
Pearson and PDRI already have an established, strong working relationship,
partnering to deliver high quality assessments to federal jobseekers at Pearson
VUE test centers.
2.
An organisation's ability
to swiftly adapt to newer technologies depends on how well-oiled its L&D
machinery is
The
COVID-19 pandemic has disrupted our everyday life and how we conduct business,
collaborate and make decisions. It has also significantly impacted the learning
paradigm that has thoroughly evolved - Live Online and Virtual Classes have
become the norm instead of limiting learning to classroom sessions. This shift
is not just practical and scalable but cost-efficient too. As per LinkedIn
Research, Workforce Upskilling can be accelerated by up to 240% by leveraging
Live Online Training (VILT). Just like everything else, along with its
advantages, this shift has its share of cons, such as challenges in learner
engagement, management and administration, and provisioning of labs, to name a
few. To augment their upskilling capabilities, organisations big and small are
increasingly engaging workforce upskilling companies for all their learning
needs - training, certifications, new hire onboarding, assignments,
assessments, infrastructure, etc.
Curating
state-of-art impactful Upskilling programs is an art. It also took a lot of
thought and time to keep these factors aligned while designing courses at
edForce. As a result, our Upskilling programs revolve around the core aspect of
an immersive learning experience. This ensures quantifiable outcome-based
learning, which includes NPS scores and beyond. Every learning program
that edForce provides is crafted to enable companies to kickstart their
skilling journey right from the beginning to every stage in an Upskilling
lifecycle. Every client coming to us has a different approach and requirements.
From Cost, turnaround time, and NPS score to Learner engagement, all have been
blended perfectly in all our programs.
edForce
is investing and working on an Upskilling Platform designed bottom-up for the
future of learning. To enhance the learner experience, it will have an AI-based
learning and engagement engine that will customise the learning path per the
learner's skills and abilities. Additionally, the platform will provide
advanced features, like enterprise-Reporting, Analytics, and Business
Intelligence, to provide critical insights to the stakeholders and
decision-makers. Additionally, the AI syndication engine will collate relevant
content from various sources to provide a rich learning experience to the
learners.
3.
BetterManager
raises $16 million in series A funding
The
San Francisco-based startup plans to use the fresh funds to accelerate its
efforts to scale its virtual leadership development solution. Leadership
development platform BetterManager has announced the completion of a $16
million series A funding round led by Education Growth Partners. BetterManager’s
seed funder, Polar Capital Group, also contributed to the round.
The San
Francisco-based startup plans to use the fresh funds to accelerate its efforts
to scale its virtual leadership development solution.
Founding in 2017, BetterManager
has supported the growth and development of people leaders–from new managers to
senior executives–at over 200 organisations around the world through a
combination of 1:1 executive-level coaching, collaborative group learning
models (such as group coaching and training), practical e-learning tools, and
actionable assessments.
No comments:
Post a Comment