Essential reading for education companies worldwide
Remember me:
Skip Navigation LinksEI article
Exclusive: OUP buys e-learning business Epigeum for £10.7m

Oxford University Press has bought e-learning business Epigeum for around £10.7 million, EducationInvestor can reveal.

It follows a statement from Imperial Innovations to the London Stock Exchange this morning, revealing it had sold its 17.8% stake in the firm for £1.9 million.

Epigeum is a provider of online courses designed to support universities and colleges in core activities like teaching, research, studying and management. The company's courses are used by 230 universities in 27 countries. 

EducationInvestor revealed it was for sale in March and that the firm had forecast sales of £5.4 million in 2015 and adjusted ebitda of £1 million.

A source close to the matter said the business had fetched £10.67 million – just over 10 times its forecast ebitda.

Tim Barton, managing director (global academic) at Oxford University Press, confirmed the deal had taken place.

"This acquisition advances our mission and strategy by extending the high-quality online content and services we offer to universities and colleges," he said. 

“By developing its business globally as part of the world’s largest university press, Epigeum with OUP will be able to reach more learners in more places than either company did before.”

​Epigeum’s other two shareholders are David Babbington Smith and David Lefeuvre. Former head of RM Education Terry Sweeney joined as chief executive in January.

Posted on: 26/05/2015

Latest news

Educational and career services company Kaplan Test Prep today announced it has acquired the test prep, study aid and foreign language assets of book publisher Barron’s Educational Series.
Bertelsmann today announced it is acquiring US online education provider OnCourse Learning from private equity company CIP Capital, for an amount in the mid-nine-digit euro range.
An education fund worth 100 million dirham (£22.77 million) has been announced to benefit refugee children living in the United Arab Emirates, Jordan and Lebanon.
Indianapolis-based for-profit Harrison College is closing after 116 years, according to a press release issued on Friday.
Amazon chief executive Jeff Bezos is launching a new $2 billion fund called the Bezos Day One Fund to support homeless families and education programmes in underserved communities.
Carnegie Learning’s EMC School divisio has acquired Manhattan-based Mondo Publishing, a K-5 literacy resources and professional learning services company.
Little Green Rascals Organic Day Nurseries has purchased Polly Anna’s Daycare Nursery in Haxby, a suburb of York.
Malvern International today announced a loss of £317,000 for the first six months of 2018, compared to a loss of £395,000 in the first half of 2017.
For-profit higher education provider Education Corporation of America will close 26 campuses by early 2020, according to a report by Inside Higher Ed.
Malvern College announced today it is opening its sixth international campus next year, in Chendu, Western China.

my images

Asia | Ed tech

A Hong Kong start-up aiming to provide instant tutorial help has netted 750,000 users in three years and now plans to go global. Liz Heron speaks to founder and chief executive Timothy Yu

Christie + Co

Asia | China market trends

Opportunities abound in China's tutorial market, as the country's increasingly wealthy middle class are prepared to pay top dollar for high-quality provision, writes Josh O'Neill

Veale Wasbrough Vizards

Search news
and features