THOMSON LEARNING ACQUIRES FORBES PUBLISHING DIVISION; EXPANDS BUS. BOOK DIV.In related news, Thomson Learning (Stamford, CT), a division of The Thomson Corp. (Toronto, ON), has acquired the academic custom publishing division of Forbes, Inc. (New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of ). No terms were given. The acquired unit produces custom course materials for the higher education higher education Study beyond the level of secondary education. Institutions of higher education include not only colleges and universities but also professional schools in such fields as law, theology, medicine, business, music, and art. market as well as customized courseware Educational software. See CBT and OpenCourseWare. (application) courseware - Programs and data used in Computer-Based Training. . In addition, Thomson Learning has reached a licensing agreement to custom publish Forbes materials in the academic market. Forbes will continue custom publishing operations for the corporate market. Thomson Learning general manager Richard Foley fo·ley n. 1. A technical process by which sounds are created or altered for use in a film, video, or other electronically produced work. 2. A person who creates or alters sounds using this process. said the deal "fits perfectly with our goal to continue to develop flexible market-leading educational materials for our customers. This acquisition will also allow us to meet our growing customer demands for readers that are customized for a specific course and instructor." Also, South-Western Publishing (Cincinatti, OH), a division of Thomson Learning, said that it will expand the book and electronic products offered in the business professional market segment. South-Western said its decision to enter the market was a result of the "natural extension" of the higher education market into lifelong learning Lifelong learning is the concept that "It's never too soon or too late for learning", a philosophy that has taken root in a whole host of different organisations. Lifelong learning is attitudinal; that one can and should be open to new ideas, decisions, skills or behaviors. . South-Western senior vice president Anita Constant said "we want to provide customers with the latest business information and tools they need for continual success, whether they are enrolling in college, getting their MBA MBA abbr. Master of Business Administration Noun 1. MBA - a master's degree in business Master in Business, Master in Business Administration , or working in a financial profession." Constant said that "our goals go well beyond this initial focus and include plans to acquire properties in line with South-Western's strategic extension into the professional market." |
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