IT-Analysis.com
IT-Analysis.com Logo
Business Issues Channels Enterprise Services SME Technology
Module Header
Craig WentworthMWD Advisors
Craig Wentworth
16th April - Egnyte the blue touchpaper...
Louella FernandesLouella Fernandes
Louella Fernandes
11th April - Managed Print Services: Are SMBs Ready?
Louella FernandesLouella Fernandes
Louella Fernandes
11th April - The Managed Print Services (MPS) Opportunity for SMBs
Simon HollowayThe Holloway Angle
Simon Holloway
11th April - Intellinote - capture anything!
David NorfolkThe Norfolk Punt
David Norfolk
11th April - On the road to Morocco

News Release

Discovery Communications announces acquisition of Espresso Education
Released: 11th November 2013
Publisher: Livewire PR

Discovery Communications announced today it has acquired Espresso Group Limited, the leading provider of primary school digital education content in the U.K.  Discovery Education, the company’s education division and a global leader in providing curriculum-based digital content to classrooms, will oversee the business. Terms were not disclosed. 

The purchase of Espresso Education represents Discovery Communications’ first international education-focused acquisition and highlights the company’s commitment to providing educators worldwide with quality digital resources, professional development and networking tools to help them accelerate student achievement.

“For more than 10 years, Discovery Education has focused on transforming teaching and learning with the highest quality, standards-based digital content, unparalleled teacher training and the largest professional networking and learning community,” said Bill Goodwyn, CEO of Discovery Education.  “Espresso Education’s commitment to high standards for content is well matched with Discovery Education’s mission, making this the perfect acquisition as we scale our efforts to positively impact student achievement around the world.”

In the 16 years since its founding, and as digital education becomes the standard in classrooms around the world, Espresso Education has become a leader in e-learning, transforming the way students learn through a blend of visual media and interactive resources throughout the U.K. market.  Espresso Education has grown to become the U.K. leader in supplemental digital education services and is available in almost 11,500 schools, with brands including Espresso Primary, Clipbank and Channel 4 Learning.  The company specializes in taking educational concepts and applying a “real world” context to support understanding through a combination of video and multimedia resources.  It serves nearly 50 percent of primary schools in the U.K. with its Espresso Primary services.  Espresso Education’s growth has been supported by its major shareholders, including the growth capital investor Beringea, ITN and Channel 4.

“The Espresso management team has built a strong education product in the U.K., and this acquisition brings together the most trusted brands in the U.S. and the U.K. in digital education, allowing us to offer schools, teachers and students the most powerful, compelling services to help accelerate student learning,” added James Rosenstock, who reports to Goodwyn and was recently appointed to President, Discovery Education International based in London, where he will oversee Discovery Education’s international growth strategy.

Following the acquisition, Espresso Education will continue its mission to transform education by encouraging the true integration of technology into classroom instruction through the use of powerful and compelling digital content.

“We are extremely pleased to be joining a blue chip industry leader like Discovery Education and we look forward to working with them to continue to transform classrooms across the U.K.,” said Lewis Bronze, Founder, Espresso Education.  “I am confident that with the combination of Discovery Education’s unparalleled content and resources, and Espresso’s strong footprint in U.K. primary schools, we will continue to offer imaginative and curriculum-relevant services that will make a positive impact on pupil understanding and achievement.”

For nearly 25 years, Discovery Communications has been steadfastly committed to rich, education-focused programming with producers and institutions within the U.K. such as the BBC, the British Film Institute and the Imperial War Museum. Discovery also is a proud steward of U.K. founded and based businesses, including its television business, which consists of 11 channel brands consisting of Discovery Channel, Discovery Science and Discovery History and the factual entertainment television production hothouse, betty.

Grant Dawe LLP served as legal advisors to Discovery Communications on the acquisition.  Quayle Munro served as investment banking advisors, and Bird & Bird LLP served as legal advisors to Espresso Education.


Related Links:

Advertisement



Published by: IT Analysis Communications Ltd.
T: +44 (0)190 888 0760 | F: +44 (0)190 888 0761
Email: