Guided learning provider FutureLearn, which is a subsidiary of financial services group PSG, has wholly acquired adult education and training specialists Media Works.
FutureLearn provides education solutions to schools, tutors, parents and learners. Its brands include homeschooling specialists Impaq, on-demand tutoring service Tuta-Me, learning software tools from CAMI, school curriculum and support provider Teach360, and the Arrow Academy school in Centurion.
Media Works is a provider of Adult Education and Training (AET) solutions, having developed a range of adult education and workplace training programmes over the past 22 years.
“FutureLearn – which has traditionally targeted school learners and the home schooling environment – acquired Media Works to augment its unique Guided Learning Ecosystem by adding adult education and corporate training to its offerings, PSG said in a statement.
PSG’s investments include listed private education provider, Curro.
The deal took effect from 1 May 2018.
“We believe that our Guided Learning Ecosystem can benefit any learner. This ecosystem aims to improve education outcomes while lowering costs, using a blended learning model,” said Stefan Botha, CEO of FutureLearn.
“Ultimately, we want to get to a point where we can offer lifelong learning – if you want to learn anything at any point in your life, we can help you with a product or service, and that’s essentially why we identified Media Works as a good next step.”
“Media Works will bring the corporate training element to the group, while gaining access to vast educational resources and innovative opportunities,” said Jackie Carroll, CEO of Media Works.
“Another very clear point of collaboration is on the technology front. FutureLearn is grounded in effective technology while Media Works is well known for its innovation with regard to online training material and methodologies,” Carroll said.