Pearson buys out Educomp stake

Publishing and education company Pearson has bought out Educomp Solution’s shares in their vocational training joint venture IndiaCan. The UK-based Pearson and Educomp, India’s largest digital education company, set up the equally-owned IndiaCan Education to deliver skills training in 2009. While the two companies separately announced the change in ownership, financial details of the deal were not revealed. This acquisition of Educomp’s 50 per cent shares is the second buyout by Pearson in the last two months. In February, Pearson acquired 100 per cent stake in Bangalore-based education services company TutorVista.