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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.
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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
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