April 29, 2022published at 06:30 BST
London, April 29, 2022 – Pearson, the global leader in language learning, today announced the acquisition of Mondly, a global online language learning platform. The acquisition will allow Pearson to offer a full range of ways for people to learn and prove their English skills – adding online self-study to its existing diagnostic and learning tools and its evaluation portfolio.
Mondly is one of the world’s leading players in online language learning, providing consumers with high-quality learning in English and 40 other languages through its app, website, virtual reality and augmented reality products. . Mondly offers language lessons for professional and personal learning in a combination of over 1300 language pairs and is consistently ranked as one of the highest rated educational language apps in the App Store. He also offers business solutions through MondlyWORKS and has created an award-winning app that helps children learn languages - MondlyKIDS.
“Today’s acquisition marks another step in our digital strategy, giving us an exciting foothold in the rapidly growing market for direct-to-consumer English learning and further strengthening connectivity across the Pearson portfolio,” said Andy Bird, chief executive of Pearson.
“Mondly is a fast-growing, profitable company that expands our reach and scale in the language learning market and drives business growth. This acquisition is strategically important for the Group, while being accretive and generating returns for shareholders.
“Mondly’s mission has always been to make language learning fun, easy and accessible to everyone. scale. Together, we will work to shape the future of language learning,” said Alex Iliescu, CEO and co-founder of Mondly.
Pearson expects this acquisition to accelerate revenue growth from 2023 for our English learning division and continues to expect mid-teen margins for the division by 2025.
The acquisition enables the company to offer a fully integrated market proposition. It also offers synergies and cross-selling opportunities across the portfolio, such as offering to combine English with upskilling and reskilling products through Pearson’s Workforce Skills division. The Mondly team, including the founders, will join Pearson’s English learning division.
About Pearson
At Pearson, our goal is simple: add life to a lifetime of learning. We believe that every learning opportunity is a chance for personal breakthrough. That’s why our more than 20,000 Pearson employees are committed to creating dynamic and rewarding learning experiences designed for real impact. We are the world’s leading learning company, serving customers in over 200 countries with digital content, assessments, qualifications and data. For us, learning is not just what we do. It’s who we are. Visit us at pearsonplc.com
About Mondly
Mondly is a leading language learning platform that was named “Regional App of the Year” by Facebook, “App of the Day” by Apple, and “Editors’ Choice” by Google Play. Launched in 2014, it quickly became a leading app in the mobile space. According to Statista, Mondly is currently in the Top 5 language learning apps in the world by number of downloads.
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