Pearson PLC to acquire AI-based analytics company Faethm
On September 7, 2021, Pearson PLC signed a deal to acquire the Australian-based AI analytics company Faethm. Faethm will now be part of Pearson's workforce skills division as it will use its data analytics to enhance the company learning products. The acquisition will not only help Pearson's products but also in its brand as a trusted source of digital learning and skills building as Faethm's established knowledge and presence in the fields of data and AI analytics will help enhance user experiences.
New Activity|M&AIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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