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Bertelsman buying Cary online education company Relias
News from News & Observer:
European media giant Bertelsman will buy Relias Learning, a Cary online education company, for a reported half-billion dollars. The Relias deal is Bertelsman’s biggest U.S. acquisition since the conglomerate bought book publisher Random House in 1998.
Bertelsman’s business interests span books, magazines, broadcasting and music rights. With the Relias acquisition, the closely-held German company is now expanding into the online education market. Bertelsman said the Relias deal is valued “in the mid-hundreds of millions” of dollars, and Reuters reported the value at $ 540 million, based on two anonymous sources.
Relias employs nearly 300 people and will remain headquartered in Cary, managed by the current executive team. “The company expects to hire more employees to keep pace with a burgeoning e-learning market,” Relias said in its announcement this week.
Relias supplies online education courses and training materials for workers in the health are and disabled-care fields. Formed in 2012 through a merger of Essential Learning and Silverchair Learning Systems, Relias said it provided more than 20 million course for more than 4,000 organizations.
Bertelsmann is buying Relias from Vista Equity Partners and LLR Partners.
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Why You Should Reconsider For-Profit Online Education Stocks
News from Seeking Alpha (registration):
- With rising cost of attendance, traditional college is becoming a less popular and less worthwhile investment for many Americans.
- Online degree programs run as for-profit companies have emerged as the top alternative form of secondary education.
- Because of these trends, American Public Education Institution and Bridgeport Education Inc. (two of the biggest players in the industry) both seem poised to rebound in coming moths.
Under-valued public companies have become a rarity after years of bullish market tendencies. There may, however, still be hidden gems in the online education industry. Specifically, industry giants American Public Education Institution (NASDAQ:APEI) and Bridgeport Education Inc. (NYSE:BPI) appear poised to deliver in coming quarters. Admittedly, however, both companies do have drawbacks. Since a quasi-bubble burst in the online-education industry roughly five years ago, both companies have s…………… continues on Seeking Alpha (registration)