#ONCOURSE LEARNING BROOKFIELD WI PROFESSIONAL#
“OnCourse Learning’s programs are well-known in the industries they serve, and Adtalem will leverage its own considerable client relationships, content and global distribution channels to further grow and enhance our industry relevance.”Īdtalem’s financial services portfolio currently consists of several organizations with a range of professional education products and services, including: the Association of Certified Anti-Money Laundering Specialists (ACAMS), its CAMS certification is one of the most widely recognized anti-money laundering certifications among compliance professionals worldwide Becker Professional Education, which offers programs in CPA Exam Review and continuing professional education courses and EduPristine, one of India’s leading training providers in accounting, finance and digital marketing. “With more than 1,700 courses, OnCourse Learning will provide added breadth and depth to our program offerings, so we can serve a broader range of needs in the financial services sector,” said Mehul Patel, group president of Adtalem’s financial services business. The financial services division of OnCourse Learning generated nearly $31 million in revenues in calendar year 2018 and delivered a favorable EBITDA margin profile of over 30 percent. More than 300,000 mortgage students, both beginners and professionals, have completed these programs nationwide. We are thrilled to welcome the OnCourse Learning team to Adtalem.”Īdtalem will acquire the financial services portfolio, including sub-brands such as BankersEdge and TTS, leading providers of compliance training to the banking and credit union markets, as well as OnCourse Learning’s mortgage licensing and continuing education programs, which are approved by the Nationwide Multistate Licensing System & Registry. This transaction expands our reach across the governance, risk and compliance sector and enhances our ability to meet the current and future needs of employers in the dynamic financial services industry. “The OnCourse Learning solution set greatly expands our financial services portfolio and is complementary to our existing banking, accounting and compliance program offerings. “This acquisition aligns with Adtalem’s enterprise strategy, strengthening our position as a leading workforce solutions provider,” said Lisa Wardell, president and CEO of Adtalem.
OnCourse Learning is owned by Bertelsmann, an international media, services and education company.
The total consideration for the transaction is approximately $121 million in cash, subject to customary post-closing adjustments, and is expected to close in the fiscal fourth quarter of 2019. (NYSE: ATGE), a leading workforce solutions provider, announced it has entered into a definitive agreement to acquire the financial services division of OnCourse Learning, a Brookfield, Wisconsin-based leading provider of compliance training, licensure preparation, continuing education and professional development across the United States. The Certified Professional in Training Management ProgramĬhicago – Ap– Adtalem Global Education Inc.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. The transaction is expected to be completed this fall. 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. Berteslmann bought OnCourse Learning from New York-based private equity company CIP Capital, which acquired OnCourse Learning in 2014 for an undisclosed amount.Īt the end of 2017, OnCourse Learning employed 379 people and generated $77.1 million for that year.
The deal, said by Reuters to be valued at $500 million, is one of Bertelsmann’s largest transactions in the American market. 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.
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