Exam Design makes ExamDeveloper web-based software, which Pearson VUE itself has been using for the past year to develop tests for use by "a variety of clients." Having taken the company for a year-long test drive, Pearson VUE believes the company will be a good fit, and has decided to buy it (for an undisclosed sum).
Financial terms of the acquisition were not disclosed, nor did Pearson give details on Exam Design's revenues or profitability. Investors, however, seem to have decided to shoot first and ask questions later, bidding down shares of the parent company by 0.8%. Pearson shares closed Wednesday trading at $17.79.
Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.