PSG to merge two tech-driven education businesses
The merger of ITSI and FutureLearn will provide accessible education to learners ‘in any environment and at any stage of their lives’
Investment giant PSG Group said on Monday it would merge two of its technology-focused education businesses in a move that will “maximise opportunities in the education space”.
It said the merger of IT School Innovation (ITSI), a developer of electronic text books, and FutureLearn, which offers a wide range of education support services, would boost FutureLearn’s offering and expand ITSI’s market. “We have identified exciting synergies between the two companies. ITSI’s innovative use of technology enables us to expand on our current offering to learners, teachers, corporate clients, parents and tutors,” said FutureLearn CEO Stefan Botha. Among other services, FutureLearn runs its own private school, the Arrow Academy, offers online tutorial for children and tertiary students, and provides schools with electronic administrative tools. “With this merger, we aim to provide truly accessible learning to learners in any environment and at any stage of their lives. We believe that w...