OnCourse Learning Corp., the Brookfield-based workforce and professional online training company, has been acquired by Bertelsmann, a Germany-based media learning company, in a deal worth nine digits.
The deal, said by Reuters to be valued at $500 million, is one of Bertelsmann’s largest transactions in the American market. Berteslmann bought OnCourse Learning from New York-based private equity company CIP Capital, which acquired OnCourse Learning in 2014 for an undisclosed amount.
At the end of 2017, OnCourse Learning employed 379 people and generated $77.1 million for that year. Founded in 2007, the company has experienced growth of 138 percent since 2014, with 750,000 learners and 19,000 business-to-business customers using its online platform.
The transaction is expected to be completed this fall. Once complete, OnCourse Learning’s health care division will be integrated into Relias, a Bertelsmann subsidiary, creating one of the largest online education providers in the health care sector, according to Bertelsmann. Read the full story here.