Acquisition to significantly expand Pearson's services to
U.S. Federal Government
HOBOKEN,
N.J., Dec. 19, 2022 /PRNewswire/
-- Pearson today announces it has entered into an
agreement with SHL Group to acquire Personnel Decisions Research
Institutes, LLC ('PDRI'), a trusted provider of workforce
assessment services. PDRI has significant expertise in
providing assessment solutions to the U.S. federal government, one
of the largest employers in the U.S. with more than 4 million
employees. This acquisition further expands Pearson's
portfolio, accelerating the Company's strategy to capture new
market opportunities and grow its presence with large
employers.
Pearson's acquisition significantly expand
its services to U.S. Federal Government
Founded in 1975, PDRI has built a strong reputation for
delivering quality talent assessments, including tailored
assessments to support hiring practices for U.S. federal government
agencies. The acquisition significantly expands Pearson's services
to U.S. federal agencies, including through PDRI's partnership with
the Office of Personnel Management to deliver the USA Hire platform. The USA Hire platform serves more than 40 agencies
and is utilized to assess more than 500,000 applicants
annually.
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. This acquisition unlocks synergies between Pearson and
PDRI, while bringing new capabilities to Pearson as the company
grows its long-standing enterprise learning presence.
"We are pleased to have the opportunity to expand this important
market for Pearson and our assessments business. Pearson and PDRI
share a culture and commitment of serving trusted, secure, and
innovative assessment solutions to major employers and millions of
people looking to establish and grow their careers," said
Andy Bird, Chief Executive of
Pearson. "Together, we will have a stronger proposition and a
larger platform from which to drive future
growth."
"Pearson has an excellent reputation in the assessments field,
and we are excited to become a part of their growth strategy," said
Elaine Pulakos, Chief Executive
Officer of PDRI. "There is a significant opportunity to learn from
each other to further improve our products and reach more customers
with our proven assessment and talent solutions."
Completion of the acquisition is expected to occur during H1
2023 subject to regular closing conditions, including any required
regulatory filings or approvals. The consideration for PDRI
represents an enterprise value of $190m, which will be funded from Pearson's
existing cash and available liquidity.
Contact
Dan Nelson,
Dan.Nelson@pearson.com
About Pearson
At Pearson, our purpose is simple: to
add life to a lifetime of learning. We believe that every learning
opportunity is a chance for a personal breakthrough. That's why our
c.20,000 Pearson employees are committed to creating vibrant and
enriching learning experiences designed for real-life impact. We
are the world's leading learning company, serving customers in
nearly 200 countries with digital content, assessments,
qualifications, and data. For us, learning isn't just what we do.
It's who we are. Visit us pearsonplc.com.
About PDRI
Since 1975, PDRI has built a global reputation of excellence by
designing, developing and implementing high-quality, innovative
talent management solutions that adhere to the highest principles
of professional practice. PDRI's suite of integrated talent
management solutions helps government and commercial clients hire,
train, develop, manage and motivate high-performance organizations.
For more information visit www.pdri.com.
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SOURCE Pearson