Have you all seen this new acquisition: http://clutchprep.com/announcement.
There is not a lot of value to this--great for Clutchprep to get out of this turbulent business but d-mb of Pearson to keep buying up useless ventures. They will end up laying off the Clutchprep people and laying off more Pearson people to justify this purchase. It's just does not make good business sense to keep acquiring companies that do not have value in the overall education sales space.
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I guarantee you that the founders of Clutchprep made little to if any money on this deal. That space is wildly crowded and marketing costs a fortune. Good luck with that one, Pearson.
Clutchprep looks limited and you need specialized tutors if you're keeping it a quality product. The founders are laughing all the way to the bank because there's a ceiling on growth and they've tapped out the market.
Does anyone take Digital Credentials seriously? It looks like the courses you can do on LinkedIn or through saba. Interesting sometimes on LinkedIn but doesn't qualify you for anything.
Correct me if I'm wrong.
It just shows you there are no deals to make in the space. Ed tech is comprised of mostly small companies that are basically rounding errors for Pearson when it comes to measuring revenue or profit. Credly was hilarious. Cengage just bought an InfoSec publisher that they will ruin.
There are no new markets to go after. No real innovation at scale.