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NOTABLE TRANSACTIONS: Consumer Products & Services

ETS
The Pulliam Group, Inc.

Educational Testing Service
Princeton, New Jersey
January 2004

Bengur Bryan & Co., Inc. advised Educational Testing Service (ETS), the world’s premier educational assessment and research organization, in its acquisition of The Pulliam Group, Inc., a leading provider of educational software products and professional development services that enable assessment for improved student performance.

The Pulliam Group’s solutions assist schools meet the No Child Left Behind Act requirements for improving standards-based student performance, and help report student progress. Pulliam provides an integrated approach combining standards-based instructional practices, professional services, and technology-based management and analytical services that leads to standards-based student performance improvements.

ETS is the world’s largest private, nonprofit educational testing and measurement organization and a leader in education research. ETS’s 2,500 employees produce and administer nearly 20 million tests annually in over 180 countries. ETS serves individuals, educational institutions and government agencies around the world.

In ETS’s acquisition of Pulliam, Bengur Bryan provided valuation and structure advice to ETS.