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Second Quarter Transactions Up in Education/Reference SectorThe education/reference publishing sector saw a total of 17 deals in this year's second quarter versus eight in the same period last year, but dollar volume was $180 million versus last year's $359 million, according to Whitestone Communications, a merger and acquisition advisory firm. Last year's dollar volume was up due to Pearson's $270 million purchase of American Guidance Service from WRC Media. Pearson led the way this quarter with the following purchases: -PowerSchool from Apple - iPod accessible content for students and teachers -Chancery Software - Real-time educational content Paravia Bruno Mondadori Editori - Italian educational publisher (Pearson acquired 80 %) -Effective Educational Technologies - Online assessment and tutorial programs -National Evaluation Systems - State assessments for teacher certification Other noteworthy deals in this year's second quarter include: -the purchase by Touchstone Applied Science Associates of Questar Educational Systems for $20 million -Houghton-Mifflin's acquisition of Achievement Technologies for $18.5 million Questions, ideas, or in need of more information? Please contact Stacey Pusey at 302-295-8349. |
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