Shares of Sibling Group
closed the day 9% higher after the educational technology holding company said
it has acquired Urban Planet Media & Entertainment Corp. (UPM) and named
UPM founder and CEO Brian OliverSmith as the new Sibling Group chief executive.
UPM, a privately held
mobile media company providing content and solutions in the education,
healthcare and literacy markets, has won five global awards for mobile
learning, including the 2011 GSMA Global Mobile Award for Best Mobile Learning
Innovation. The acquisition of UPM is expected to further strengthen Sibling
Group’s position in the global digital education market.
“Joining Sibling Group
positions the combined company for rapid growth in a global education market
ripe for technology solutions that we believe we are uniquely positioned to
deliver,” said OliverSmith. “We have a multi-faceted portfolio of products
already used by millions of people around the world and combining Sibling’s
Blended Schools Network content with that portfolio dramatically increases our
sales potential. We are thrilled to be joining the Sibling Group family, and
for the impact our combined solutions offer to people around the globe.”
OliverSmith, who will also
be a member of the board and the largest shareholder of the combined company,
succeeds Sibling Group CEO Maurine Findley who will serve as the company’s
chairman of the board of directors.
“We could not be more
pleased to formally begin our relationship with Urban Planet Mobile and its
accomplished team and bring our Blended Schools Network programs to the
international market,” said Findley. “UPM’s experience and reach in
international markets and their ability to create and market high-quality
learning solutions means they should drive value for Sibling Group from day
one. We look forward to working with Urban Planet in the years ahead as we
further establish ourselves as a global leader in education technology
solutions.”
For more information visit
www.siblinggroup.com
About QualityStocks
QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. We offer several ways for investors to find, evaluate, and learn more about investing in these companies.
QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. We offer several ways for investors to find, evaluate, and learn more about investing in these companies.
Sign up for “The QualityStocks Daily Newsletter” at www.QualityStocks.net
The Quality Stocks Daily Blog http://blog.qualitystocks.net
The Quality Stocks Daily Videos http://videocharts.qualitystocks.net
The Quality Stocks “Ones to Watch” http://gotstocks.qualitystocks.net
Please see disclaimer on the QualityStocks website: http://disclaimer.qualitystocks.net
No comments:
Post a Comment