Pearson plc is a British multinational publishing and education company headquartered in London. It was founded as a construction business in the 1840s but switched to publishing in the 1920s. It is the largest education company and was once the largest book publisher in the world. In 2013 Pearson merged its Penguin Books with German conglomerate Bertelsmann. In 2015 the company announced a change to focus solely on education. Pearson has a primary listing on the London Stock Exchange and is a constituent of the FTSE 100 Index. It has a secondary listing on the New York Stock Exchange in the form of American Depository Receipts.
|Public limited company|
|Traded as||LSE: PSON|
FTSE 100 Component
|Industry||Education Mass media|
|Founded||1844 (as S. Pearson & Son)|
London, England, U.K.
|Headquarters||80 Strand (Shell Mex House),|
|Sidney Taurel (Chairman)|
John Fallon (CEO)
|Products||Publishing (books, newspapers, magazines)|
|Revenue||£4,129 million (2018)|
|£553 million (2018)|
|£590 million (2018)|
The company was founded by Samuel Pearson in 1844 as a building and engineering concern operating in Yorkshire under the name S. Pearson & Son. In 1880, control passed to his grandson Weetman Dickinson Pearson (later 1st Viscount Cowdray), an engineer, who in 1890 moved the business to London and turned it into one of the world's largest construction companies. Another of its prominent engineers was Ernest William Moir who, after working for Pearson on tunnels in New York City, became the contractor's agent on construction of the Blackwall Tunnel under the River Thames in London between 1892 and 1897. The company also built the Admiralty Harbour at Dover, the Halifax Dry Dock in Canada, the East River Railway Tunnels in New York City, the Mexican Grand Canal that drained Mexico City, the Tehuantepec Railway in Mexico, and railways and harbours around the world. In November 1915, the firm began construction of HM Factory, Gretna, the largest cordite factory in the UK during World War I.
In 1919, the firm acquired a 45% stake in the London branch of merchant bankers Lazard Brothers, an interest which was increased to 80% in 1932 during the depression years. Pearson continued to hold a 50% stake until 1999. In 1921, Pearson purchased a number of local daily and weekly newspapers in the United Kingdom, which it combined to form the Westminster Press group.
The company was first listed on the London Stock Exchange in 1969. It bought paperback publisher Penguin in 1970, and in 1972, children's imprint Ladybird Books. It bought rival educational publisher Pitman Publishing in 1985. In 1986, Pearson invested in the British Satellite Broadcasting consortium, which, a few years later merged with Sky TV to form a new company, British Sky Broadcasting (BSkyB).
During the 1990s, Pearson acquired a number of TV production and broadcasting assets (including former ITV franchisee Thames Television) and sold most of its non-media assets, under the leadership of future U.S. Congressman Bob Turner. Westminster Press was sold to Newsquest in 1996. Pearson acquired the education division of HarperCollins in 1996 from News Corporation  and acquired book publishers Scott Foresman & Co. in 1996. In 1998 Pearson acquired Prentice Hall Textbooks/Simon & Schuster Trade Books from Viacom and merged it with its own education unit, Addison-Wesley Longman to form Pearson Education.
Pearson acquired Dorling Kindersley, the illustrated reference publisher and integrated it within Penguin, in March 2000 and then acquired National Computer Systems (NCS) in September 2000 so entering the educational assessment and school management systems market in the United States.
In 2002, Pearson sold its 22% stake in RTL Group for 1.5 billion Euros, and then purchased Rough Guides, the travel publisher, and brought it under Penguin. Pearson acquired Edexcel, a provider of qualifications in the UK, in 2003 and acquired about 80% stake in Meximerica Media Inc for $16.5 million for the swelling U.S. Hispanic market in 2004.
Pearson purchased a series of other testing and assessment businesses, including Knowledge Technologies in 2004, AGS in 2005, and National Evaluation Systems and Promissor in 2006. Pearson acquired National Evaluation Systems, a provider of customised state assessments for teacher certification in the US, in April 2006 and announced that it had agreed to acquire Harcourt Assessment and Harcourt Education International from Reed Elsevier for $950m in cash in May 2007. Pearson then completed the acquisition of Harcourt Assessment, merging the acquired businesses into Pearson Assessment & Information. Pearson also acquired eCollege, a digital learning technology group for $477m in May 2007.
In February 2008, Pearson announced the sale of its Pearson Data Management Division (formerly the scanner manufacturing and servicing division of NCS Inc.) to Scantron Corporation (part of M&F Worldwide) which had been its main competitor.
Pearson acquired Wall Street English for $145m in 2009 and bought the school learning systems division of Sistema Educacional Brasileiro (SEB) for $497m in 2010. Also in 2010, Pearson sold its 61% stake in Interactive Data to investment funds managed by Silver Lake Partners and Warburg Pincus for $2 billion.
In July 2011, Pearson announced the creation of Pearson College, a British degree provider based in London. Also in 2011, Pearson acquired Connections Education and agreed to sell its 50% stake in FTSE International Limited to the London Stock Exchange for £450 million. In 2011, Pearson also increased its stake in TutorVista, such that it had a 76% stake, for $127 million.
Pearson entered into talks with rival conglomerate Bertelsmann, over the possibility of combining their respective publishing companies, Penguin Group and Random House in October 2012. The houses are considered two of the "Big Six" publishing companies. On 29 October 2012, Pearson said it would merge Penguin Books with Bertelsmann's Random House to create the world's biggest consumer book publisher. Then in May 2012 Pearson announced its acquisition of GlobalEnglish Corporation, an American Business English software and solutions company, in an all-cash transaction.
In May 2013, Pearson announced a new restructuring plan to invest in digital learning and emerging markets, after predicting weaker earnings.
The change supports the decoupling of the Penguin consumer publishing business into a separate entity with Random House (forming Penguin Random House). The new structure combines the separate education companies, Pearson International and Pearson North America under one Pearson company. Pearson will organise around three global lines of business – School, Higher Education and Professional. The Financial Times Group and Pearson English will form part of Pearson Professional.
In July 2014, the company announced it had cut 4,000 jobs, representing 10% of the company's workforce.
Pearson announced on 23 July 2015 that it had agreed to sell the FT Group, which includes business daily Financial Times, to Japanese media group Nikkei for £844 million, or $1.32 billion. The sale does not include FT Group's London property at One Southwark Bridge. In August 2015, Pearson's sold its 50% stake in The Economist to the Agnelli family for £469 million who previously held 4.7% of the group. The remaining 50% of The Economist Group is owned by the Schroders, Cadburys and the Rothschilds.
On 3 July 2017, Pearson sold its Tutor Vista and Edurite lines of business to India-based education technology company, Byju's  On 11 July 2017, Pearson agreed to reduce its holding in Penguin Random House to 25%, by selling a 22% stake in the business to Bertelsmann.
In August 2017 Pearson announced that it would cut 3,000 staff in an effort to save £300 million annually. On 16 August 2017 Pearson sold the language training subsidiary Global Education to Chinese company Pu-Xin Education for £62 million.
In November 2018 Pearson announced the launch of the Pearson Alumni Network.
Pearson has two main streams of business:
Concerns exist around the amount of influence Pearson, a commercial company, has on public education. Other concerns are around tax avoidance, the high value contracts, and in one instance, laying off teachers to offset the high costs of testing. In 2017, more than six out of ten Pearson's shareholders voted against the chief executive's pay package of £1.5m after the company made a record loss. Pearson US has been criticised for using offshore tax avoidance schemes involving a host of companies at a service address in Luxembourg.
In the United Kingdom, Pearson owns Edexcel, an education and examination board. Edexcel has produced qualifications which link to Pearson texts, although Edexcel also continues to endorse textbooks published by other companies.
In June 2010, Pearson plc received notification that the Libyan Investment Authority (LIA) founded by Muammar Gaddafi's son Saif al-Islam Gaddafi as a sovereign fund, had acquired 24,431,000 shares within the company via Euroclear. On further investigation, Pearson said the LIA may have acquired an additional 2,141,179 shares, resulting in a total interest of 26,572,179 shares. At the time, this represented a major holding of 3.27% within the company and the investment was worth around £280 million.
In March 2018, Pearson filed its gender pay gap report ahead of new government regulations, showing its overall median gender pay gap in 2017 was 15%, while the mean gap was 21%.  According to their analysis, the data shows that the gender pay gap at Pearson in Great Britain is primarily a result of having fewer women in senior level roles. For the twelve-month period ending 5 April 2017, the median bonus pay gap for Pearson’s businesses in Great Britain was 18%, and the mean was 52%. 
(top 25% of earners)
|Third Quartile||Second Quartile||Lowest Quartile|
Addison-Wesley is a publisher of textbooks and computer literature. It is an imprint of Pearson PLC, a global publishing and education company. In addition to publishing books, Addison-Wesley also distributes its technical titles through the Safari Books Online e-reference service. Addison-Wesley's majority of sales derive from the United States (55%) and Europe (22%).The Addison-Wesley Professional Imprint produces content including books, eBooks, and video for the professional IT worker including developers, programmers, managers, system administrators. Classic titles include The Art of Computer Programming, The C++ Programming Language, The Mythical Man-Month, and Design Patterns. Addison-Wesley Professional is also a partner with Safari Books Online.Allyn
Allyn is both a given name and a surname. Notable people with the name include:
Leigh-Allyn Baker (b. 1972), American actress, director and voice artist
Allyn L. Brown (1883–1973), American judge
Allyn Capron (1846–1898), US Army captain
Allyn K. Capron (1871–1898), first US Army officer to die in the Spanish–American War
Allyn Condon (b. 1974), English sprinter
Allyn Cox (1896–1982), American painter
Allyn Ferguson (1924–2010), American composer
Allyn Joslyn (1901–1981), American stage, film and television actor
Ruth Allyn Marcus (b. 1958), American journalist and political commentator
Allyn McKeen (1905–1978), American college football coach
Allyn Ann McLerie (b. 1926), American dancer
Francis Allyn Olmsted (1819–1844), American author
Wayne Allyn Root (b. 1961), American businessperson
Allyn Rose (b. 1988), American beauty pageant titleholder and model
J. Allyn Rosser (b. 1957), American poet
Allyn Stout (1904–1974), American Major League baseball pitcher
Allyn Vine (1914–1994), American physicist and oceanographer
Allyn Abbott Young (1876–1929), American economistSurname
Arthur Allyn Jr. (1913–1985), American co-owner of the Chicago White Sox baseball team
Daniel B. Allyn (b. 1959), US Army general
David Allyn (b. 1969), American essayist
Edna Allyn (1861-1927), American librarian
Eunice Eloisae Gibbs Allyn (1847-1916), American writer
Jerri Allyn (b. 1954), American artist
John Allyn (1917–1979), American co-owner of the Chicago White Sox baseball team
Joseph P. Allyn (1833–1869), American judge and journalist
Louis B. Allyn (1874–1940), American chemistry professorPearson College London
Pearson College London is a British private academic degree provider based in London owned by Pearson plc. It was founded in 2012, and is the only FTSE 100 company in the UK to design and deliver degrees. The institution is officially separated into two subdivisions - Pearson Business School, which offers business-related degrees and degree apprenticeships, and Escape Studios, a visual effects academy Pearson plc acquired in 2013 which offers degrees and short courses in the creative arts ranging from Game Art to Animation.Pearson Education
Pearson Education is a British-owned education publishing and assessment service to schools and corporations, as well as directly to students. Pearson owns educational media brands including Addison–Wesley, Peachpit, Prentice Hall, eCollege, Longman, Scott Foresman, and others.
Pearson is part of Pearson plc, which formerly owned the Financial Times. It was created in July 1998 when Pearson plc purchased the education division of Simon & Schuster from Viacom and merged it with its own education division, Addison-Wesley Longman, to form Pearson Education. Pearson Education was rebranded to Pearson in 2011 and split into an International and a North American division.
Although Pearson generates approximately 60 percent of its sales in North America, it operates in more than 70 countries.
Pearson International is headquartered in London, and maintains offices across Europe, Asia and South America. Its online chat support is based in the Philippines.
Pearson North America is headquartered at 330 Hudson in New York City, New York. It previously was located in Upper Saddle River, New Jersey.Pearson Italia SpA, also known as Pearson Paravia Bruno Mondadori, was created through the purchase of PBM Editori, which was in turn a merge of Paravia (based in Turin) and Bruno Mondadori (based in Milan).Penguin Group
The Penguin Group is a trade book publisher and part of Penguin Random House. It is owned by Pearson PLC, the global education and publishing company, and Bertelsmann, the German media conglomerate. The new company was created by a merger that was finalised on 1 July 2013, with Bertelsmann owning 53% of the joint venture, and Pearson controlling the remaining 47%.Penguin Books has its registered office in City of Westminster, London.Its British division is Penguin Books Ltd. Other separate divisions can be found in the United States, Ireland, New Zealand, India, Australia, Canada, China, Brazil and South Africa.Plume (publisher)
Plume is a publishing company in the United States, founded in 1970 as the trade paperback imprint of New American Library. Today it is a division of Penguin Group, with a backlist of approximately 700 titles.Prentice Hall
Prentice Hall is a major educational publisher owned by Pearson plc. Prentice Hall publishes print and digital content for the 6–12 and higher-education market. Prentice Hall distributes its technical titles through the Safari Books Online e-reference service.Vedomosti
Vedomosti (Russian: Ведомости, IPA: [ˈvʲedəməsʲtʲɪ], lit. "The Record") is a Russian-language business daily published in Moscow. It was previously a joint venture between Dow Jones, the Financial Times and the publishers of The Moscow Times. The Financial Times and the Wall Street Journal sold their stakes in 2015, ahead of a new Russian media ownership law prohibiting foreign enterprises from owning more than 20% of stake in Russian media companies which came into effect in 2016. Sanoma also sold its stake in the paper in 2015. The paper is now owned by Demyan Kudryavtsev, who also owns The Moscow Times, and was previously chief executive of Kommersant.