New York Startup Credly Acquires Pearson’s Badging Business

Mergers and Acquisitions

New York Startup Credly Acquires Pearson’s Badging Business

Apr 13, 2018

PEARSON TURNS IN ITS BADGE: It used to be that startups sought to get acquired by big publishers like Pearson. But how the tables have turned. This week, Credly, a New York-based digital credentialing platform provider, is acquiring Pearson’s badging business, Acclaim.

Financial terms of the deal were not disclosed, although Pearson will get a minority stake in Credly. The publisher’s senior vice president of strategic partnerships and investments, Mark Chernis, will join Credly’s board of directors.

Pearson first released Acclaim, which was designed on Mozilla’s Open Badge standard, in 2014 as a platform where academic institutions and professional organizations including IBM and Citrix can issue digital credentials.

Credly, founded in 2012, has raised more than $7 million in venture capital. More details in the press release.

PEARSON TURNS IN ITS BADGE: It used to be that startups sought to get acquired by big publishers like Pearson. But how the tables have turned. This week, Credly, a New York-based digital credentialing platform provider, is acquiring Pearson’s badging business, Acclaim.

Financial terms of the deal were not disclosed, although Pearson will get a minority stake in Credly. The publisher’s senior vice president of strategic partnerships and investments, Mark Chernis, will join Credly’s board of directors.

Pearson first released Acclaim, which was designed on Mozilla’s Open Badge standard, in 2014 as a platform where academic institutions and professional organizations including IBM and Citrix can issue digital credentials.

Credly, founded in 2012, has raised more than $7 million in venture capital. More details in the press release.

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