Sep 18 2008
Growth in e-learning
The elearning ‘industry’ appears to be set for continued growth as the methods and techniques gain popularity and prove there effectiveness. The following news article bares witness to this reality.
“E-learning giant creates 450 Dublin jobs – €350m investment in R&D
10.09.2008
E-learning global player Houghton Mifflin Harcourt (HMH) – formerly known as Riverdeep – is to create 450 jobs at a new R&D headquarters in Dublin, it emerged today.
Riverdeep had its origins in Dublin in 1995 and under the leadership of businessman Barry O’Callaghan became a global brandname in the e-learning business.
In November 2006, Riverdeep merged with Houghton Mifflin bringing together expertise in education textbooks and interactive digital curriculum.
Houghton Mifflin was founded in 1832 and has a long tradition of excellence in publishing including such authors as Mark Twain, JRR Tolkien, and Philip Roth. In July 2007, the company acquired Reed Elsevier’s US education arm, Harcourt Education Publishing.
Through a series of mergers and alliances over the past decade, Riverdeep grew rapidly and now has over 50 companies in the new corporate family known as Houghton Mifflin Harcourt.
The company is effectively the world’s largest and oldest educational publisher with over 100,000 customers, generating approximately US$2.5bn in annual revenues, profits in the region of US$1bn, 50pc market share of the US preK-12 market, the world’s largest education market and approximately 6,000 employees.” <http://siliconrepublic.com/news/article/11403/business/e-learning-giant-creates-450-dublin-jobs-350m-investment-in-randd>
As seen, the strong growth in certain markets indicates that e-learning is here to stay and is a force to be reckoned with.
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