University of British Columbia spinout Paragon Testing Enterprises has agreed to an acquisition by Prometric Canada Testing Services.
Paragon Testing Enterprises, a Canada-based English language proficiency tests provider formed by University of British Columbia (UBC), has agreed to an acquisition by exam programmes developer Prometric Canada Testing Services.
Financial terms of the acquisition have not been disclosed.
Founded in 2009, Paragon has developed language proficiency tests that are administered at 60 centres in Canada and 15 locations internationally.
Its offering includes the Canadian English Language Proficiency Index Program, a requirement for immigrants seeking permanent residence and citizenship in Canada.
JP Heale, managing director of the University-Industry Liaison Office at UBC, said: “This agreement further enhances UBC’s track record of creating research-based spinoff companies that generate national and global impacts.
“The acquisition of Paragon will allow Prometric to further its worldwide reputation as the provider of the most secure and reliable testing network. They are the ideal partner to take Paragon to the next level, especially into international testing.”
Donald Wehrung, president and CEO of Paragon, said: “With Prometric’s global scale, resources, and experience we believe that we can move faster, reach farther and aim higher as we compete to expand our English language proficiency tests internationally.”
Thierry Heles
Thierry Heles is the editor of Global University Venturing, host of the Beyond the Breakthrough interview podcast and responsible for the monthly GUV Gazette (sign up here for free).
