British educational publisher Pearson has acquired Mondly, a Romania-based online language learning platform.

The Mondly team, including the company’s founders, will join Pearson’s English language learning division.

Pearson expects this acquisition to accelerate revenue growth from 2023 onwards for its English language learning division and to achieve mid-teens margins for the division by 2025.

Furthermore, the acquisition will provide synergies and cross-selling opportunities across Pearson’s portfolio, offering the opportunity to bundle English with upskilling and reskilling products through its workforce skills division, according to the company.

Launched in 2014 by brothers Alexandru and Tudor Iliescu, Mondly offers language courses for both professional and personal learning in English and 40 other languages via its app, website, virtual reality and augmented reality products. It also provides language courses for businesses through the app MondlyWorks and for children through the app MondlyKids.

Andy Bird, chief executive of Pearson, said: “Mondly is a fast growing and profitable business that expands our reach and scale in the language learning market and drives growth for the company. This acquisition is strategically important to the group as well as being accretive and driving shareholder returns.”

Law firm Mills & Reeve advised the sellers on the deal.

Date published: 29 April 2022

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