OnCourse’s financial services and real estate offerings “will be continued as a separate business in the future,” the announcement says. The company plans to combine OnCourse’s health care division with its Relias subsidiary, which also provides online health care education. The acquisition of OnCourse expands Bertelsmann’s U.S. Bertelsmann has 119,000 employees and reported $20.1 billion in 2017 revenue. It took a 75 percent ownership stake in Penguin Random House last year, and also owns online education provider Relias and magazine publisher Gruner + Jahr. About 750,000 people and 19,000 businesses use OnCourse each year.īertelsmann is a global media, services and education company. It now has about 375 employees and an online library of around 22,000 courses used for corporate and advanced training in the health care, financial services and real estate sectors. In January, it announced the acquisition of Lake Geneva-based Wound Care Education Institute Inc., and in August, it announced the acquisition of Waunakee-based Total Training Solutions.
The company, which was founded in 2007, has grown steadily via acquisition. 5000 list of the fastest-growing firms in the country, up from 3429 on the 2017 list. OnCourse was ranked at 2950 on the 2018 Inc. The transaction was described by Bertelsmann as “in the mid-nine-digit euro range.” Reuters pegged the deal at around $500 million. OnCourse was sold by New York private equity firm CIP Capital, which acquired the company in 2014 from Cleveland private equity firm The Riverside Co. The transaction is expected to close this fall, pending regulatory approval.
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To use a physical textbook, students pick up the book at the bookstore.Patrick Sheahan Patrick Sheahan, president and CEO of OnCourse Learning.īrookfield-based professional training webinar provider OnCourse Learning is set to be acquired by German company Bertelsmann for a reported $500 million.
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Many e-copies feature convenient functionality, such as the ability to cut and paste or highlight text, download specific sections or even have the text read aloud. Access to digital copies are provided through Moodle.This program automatically provides both digital and physical materials to students, depending on the instructor's choice. Students no longer have to worry about shopping for the best deals or if their materials will arrive on time.Students will now be able to use financial aid to pay for direct cost of books and course materials as part of their tuition beginning Fall 2021.In similar programs, student textbook costs dropped an average of 35%.This initiative allows the vendor to buy in bulk and consequently, students save money.Institutions participating in Follett’s program have reported increased GPAs for traditional and non-traditional students.As a result, the number of students withdrawing from courses decreased one year after implementation of the program.With OnCourse, 100% of students have all their materials from day one. Peer institutions report one in five students, or 28%, skipped or deferred class due to costs associated with course materials.Studies show that student success increases when students have the correct learning materials at the start of class.
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