Patrick Sheahan, president and CEO of OnCourse Learning. Representatives of OnCourse Learning could not be reached for comment on the transaction. In the future, we expect this share to rise to around 30 percent.” At the same time, the transaction will further strengthen our presence in the U.S., where we already generate more than 20 percent of our revenues. “We are expanding our education business to include a company with considerable growth potential. “The acquisition of OnCourse Learning is an important strategic step for Bertelsmann in several respects,” said Thomas Rabe, chairman and chief executive officer of Bertelsmann, in a statement. OnCourse’s financial services and real estate offerings “will be continued as a separate business in the future,” the announcement says. The company plans to combine OnCourse’s health care division with its Relias subsidiary, which also provides online health care education. The acquisition of OnCourse expands Bertelsmann’s U.S. Bertelsmann has 119,000 employees and reported $20.1 billion in 2017 revenue. It took a 75 percent ownership stake in Penguin Random House last year, and also owns online education provider Relias and magazine publisher Gruner + Jahr. About 750,000 people and 19,000 businesses use OnCourse each year.īertelsmann is a global media, services and education company. It now has about 375 employees and an online library of around 22,000 courses used for corporate and advanced training in the health care, financial services and real estate sectors. In January, it announced the acquisition of Lake Geneva-based Wound Care Education Institute Inc., and in August, it announced the acquisition of Waunakee-based Total Training Solutions. The company, which was founded in 2007, has grown steadily via acquisition. OnCourse Learning empowers individuals and financial institutions to grow with comprehensive enterprise compliance, risk management and professional development education. Your financial education partner for engaged, compliant workforces. 5000 list of the fastest-growing firms in the country, up from 3429 on the 2017 list. OnCourse Learning 5.343 volgers op LinkedIn. OnCourse was ranked at 2950 on the 2018 Inc. The transaction was described by Bertelsmann as “in the mid-nine-digit euro range.” Reuters pegged the deal at around $500 million. OnCourse was sold by New York private equity firm CIP Capital, which acquired the company in 2014 from Cleveland private equity firm The Riverside Co. The transaction is expected to close this fall, pending regulatory approval. Flagship courses, including Anti-Money Laundering and the Bank Secrecy Act, are accredited by the Association of Certified Anti-Money Laundering Specialists ( ACAMS) and are a staple within training programs throughout the financial services industry.Patrick Sheahan Patrick Sheahan, president and CEO of OnCourse Learning.īrookfield-based professional training webinar provider OnCourse Learning is set to be acquired by German company Bertelsmann for a reported $500 million. OnCourse Learning Financial Services also plays a critical role in building a culture of compliance within hundreds of banks and credit unions across the country. Our Mortgage continuing education courses ensure you are introduced to and understand the latest developments impacting the mortgage industry, such as fair lending laws, mortgage fraud and money laundering. OnCourse Learning Financial Services provides you with an experience that will result in proficiency in the following required topics: Our online mortgage education courses are not only NMLS approved, but you will receive the best education possible with our expert courses. territories.Īs your partner in mortgage education, OnCourse Learning Financial Services provides you with all the NMLS approved mortgage loan originator resources you'll ever need… all in one place. As an approved education provider by the Nationwide Multistate Licensing System & Registry (NMLS), OnCourse Learning Financial Services offers the industry’s most comprehensive mortgage training solution, with course approvals for all 50 states and U.S. OnCourse Learning Financial Services provides the necessary licensure and compliance training for professionals in the mortgage, banking, credit union, insurance and gaming industries. This expertise fuels our commitment to delivering an outstanding online learning experience for every customer looking to begin, advance, and succeed in their profession. OnCourse Learning’s foundation is rooted in our legacy of leading professional mortgage education brands that have supported and nurtured careers for decades including ProSchools, TrainingPro, BankersEdge and Digital University.
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