Oncourse learning4/27/2023 ![]() Patrick Sheahan, president and CEO of OnCourse Learning. Representatives of OnCourse Learning could not be reached for comment on the transaction. In the future, we expect this share to rise to around 30 percent.” ![]() At the same time, the transaction will further strengthen our presence in the U.S., where we already generate more than 20 percent of our revenues. “We are expanding our education business to include a company with considerable growth potential. “The acquisition of OnCourse Learning is an important strategic step for Bertelsmann in several respects,” said Thomas Rabe, chairman and chief executive officer of Bertelsmann, in a statement. OnCourse’s financial services and real estate offerings “will be continued as a separate business in the future,” the announcement says. The company plans to combine OnCourse’s health care division with its Relias subsidiary, which also provides online health care education. The acquisition of OnCourse expands Bertelsmann’s U.S. Bertelsmann has 119,000 employees and reported $20.1 billion in 2017 revenue. ![]() It took a 75 percent ownership stake in Penguin Random House last year, and also owns online education provider Relias and magazine publisher Gruner + Jahr. About 750,000 people and 19,000 businesses use OnCourse each year.īertelsmann is a global media, services and education company. OnCourse Learning is a member of the Adtalem Global Education Financial Services Workforce Solutions family which includes: the Association of Certified. It now has about 375 employees and an online library of around 22,000 courses used for corporate and advanced training in the health care, financial services and real estate sectors. In January, it announced the acquisition of Lake Geneva-based Wound Care Education Institute Inc., and in August, it announced the acquisition of Waunakee-based Total Training Solutions. The company, which was founded in 2007, has grown steadily via acquisition. 5000 list of the fastest-growing firms in the country, up from 3429 on the 2017 list. OnCourse Learning empowers companies to enhance workforces, manage compliance, and advance careers through technology-based learning and online courses. OnCourse was ranked at 2950 on the 2018 Inc. The transaction was described by Bertelsmann as “in the mid-nine-digit euro range.” Reuters pegged the deal at around $500 million. OnCourse was sold by New York private equity firm CIP Capital, which acquired the company in 2014 from Cleveland private equity firm The Riverside Co. The transaction is expected to close this fall, pending regulatory approval. Patrick Sheahan Patrick Sheahan, president and CEO of OnCourse Learning.īrookfield-based professional training webinar provider OnCourse Learning is set to be acquired by German company Bertelsmann for a reported $500 million.
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