SOURCE: EDUCATIONAL TESTING SERVICE

October 15, 2007 08:20 ET

ETS Acquires Prometric

PRINCETON, NJ--(Marketwire - October 15, 2007) - ETS, the world's largest educational research and assessment organization, completed the previously announced acquisition of Prometric and its global network of testing centers in 135 countries from The Thomson Corporation for $435 million, subject to post-closing adjustments. ETS is Prometric's largest customer for technology-based delivery of tests like the TOEFL® (Test of English as a Foreign Language™) test, the GRE® (Graduate Record Examinations®) tests and the Praxis™ teacher licensing assessments. Prometric, which had revenues of $317 million in 2006, will operate as a wholly owned subsidiary of ETS.

Prometric has an extensive and diversified customer portfolio in the academic, professional, governmental, corporate and information technology markets. Prometric's 450 clients include the Association of American Medical Colleges, the National Board of Medical Examiners, Johns Hopkins University, the College Board, the Financial Industry Regulatory Authority, the American Institute of Certified Public Accountants, and the National Association of State Boards of Accountancy. The company has government contracts in Ireland, England and Saudi Arabia, and federal and state contracts in the United States. Clients in the technology market include IBM, Microsoft Learning, Oracle and Sun Microsystems.

"Seven years ago, we committed to growing our revenue base by diversifying our products and services both domestically and internationally," explains Kurt Landgraf, ETS President and CEO. "We brought our large-scale assessment expertise to the elementary and secondary markets, expanded our international product line, and now, through this acquisition have continued that diversification through Prometric's portfolio of 450 clients in the information technology, government, corporate, academic, healthcare, financial services and professional association markets worldwide. This strategically important addition to the ETS family of companies will provide unique opportunities to expand the menu of products and services to the combined client base utilizing a world-class global infrastructure which will enable greater access through the innovative use of technology."

About ETS

ETS celebrates a 60-year history of advancing quality and equity in education by providing fair and valid assessments, research and related services for all people worldwide. In serving individuals, educational institutions and government agencies around the world, ETS customizes solutions to meet the need for teacher professional development products and services, classroom and end-of-course assessments, and research-based teaching and learning tools. In 2006, ETS developed, administered and scored more than 50 million assessments in over 180 countries, at more than 9,000 locations worldwide, and in 2006 had consolidated revenues of $836 million. Additional information is available at www.ets.org.

Contact Information