Pearson Plc., the world’s largest education service provider and one of the leading media groups, is in advanced stages of discussion with Educomp Solutions Ltd to buy out the latter’s 50 per cent stake in Indiacan, a vocational education company formed as a joint venture between the two companies, at least two sources with direct knowledge of the development told VCCircle.
While the details of the company’s valuation are not known, sources close to the development peg the deal value (for 50 per cent stake) in the range of Rs 350 crore ($70 million) to Rs 500 crore ($100 million).
In 2009, Pearson Plc. invested $17.5 million in Indiacan (then known as Educomp Vocational Education Pvt Ltd), thereby valuing the company at $36 million.
(Via Pearson In Talks To Buy Educomp’s 50% Stake In Indiacan | VCCircle)
George Siemens makes an interesting note about the state of content around the world – and how it is still alive and kicking, more so because of globalisation.
Education is in the process of being globalized, as is evident through integration of various service provided by big companies (content, LMS, synchronous classrooms, testing/evaluation). While we’re tinkering away with “web 2.0″ and social media, power within education is increasingly being consolidated and models for content roll out and delivery are being scaled up – streamlining production and scaling systems to gain economic advantage reflect the global aspirations of education companies.
via elearnspace › That whole “content is dead thing” isn’t true. Globalization reigns.
To my mind, what’s becoming interesting that all providers of platforms, tools and technology have realised that the trinkets alone can do far less than what they first imagined.Whether it is Blackboard and McGraw Hill or Moodle and Cambridge, what’s really happening is that the content and container are coming together, in a way that makes best sense for consumers of content in this age.
As far as the death of content is concerned, it’s inherent nature is that of being eternal. While it has changed forms and modes of delivery over centuries, it cannot “die” in the true sense of the word. What dies (or rather, slowly fades into oblivion) is the platform from where it is consumed.