Printer Friendly

Pearson units buy FutureSource and altonaED.

Pearson School Systems, a division of Pearson Education (Upper Saddle River, NJ), has acquired altonaEd (West Point, NE), producers of the School Information & Performance System (SIPS). No terms of the deal were given.

SIPS web-based technology is an administrative tool integrating the various aspects of student management. A database provides administrators, teachers and parents with access to current attendance, grading and discipline information. Pearson said the purchase of altonaEd supports its strategy of providing services that enable educators to use student information to assess performance, diagnose achievement gaps and prescribe instructional strategies at the district, school, classroom and student levels.

In related news, Pearson division Interactive Data Corp. (Bedford, MA), a provider of securities pricing and financial information, has acquired FutureSource LLC (Lombard, IL), a provider of real-time futures, commodities and foreign exchange market information, for $18 million in cash. The acquired company supplies futures, options and cash price data, news and charting analysis tools through a variety of platforms targeted to traders, brokers and risk managers. FutureSource had 2003 revenues of $20.2 million while expenses totaled $18.1 million.
COPYRIGHT 2004 JK Publishing, Inc
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2004, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

Article Details
Printer friendly Cite/link Email Feedback
Title Annotation:Pearson School Systems; AltonaEd
Comment:Pearson units buy FutureSource and altonaED.(Pearson School Systems)(AltonaEd)
Publication:Business Publisher
Article Type:Brief Article
Geographic Code:1USA
Date:Aug 31, 2004
Words:181
Previous Article:Comparison of rev. & net for selected trade and business information companies, first half 2004-2003.
Next Article:"Cityland" launched by Center for New York City Law.
Topics:


Related Articles
Pearson to retain ownership of FT Business; completes purchase.
Pearson Education purchases education research company.
Major trade and professional publication, online & related business information acquisitions, third quarter 2004.
Say amen, somebody! Oklahoma.
Pearson Education purchases AGS Publishing.
Interactive Data Corp. acquires Quote.com from Lycos.
Industry veteran is in cruise control: Marge Pearson, vice president, DJK Residential.
Is peacekeeping a relic? Once known as peacekeepers, Canada's military has changed quite dramatically into a more robust force capable of fighting....

Terms of use | Privacy policy | Copyright © 2020 Farlex, Inc. | Feedback | For webmasters