Sibling Group Holdings, Inc. (SIBE) Shares Close H
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Posted On: 01/30/2015 4:52:54 PM
Sibling Group Holdings, Inc. (SIBE) Shares Close Higher on Urban Planet Mobile™ Acquisition, New Chief Exec
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
Please see disclaimer on the QualityStocks website: http://Disclaimer.QualityStocks.com
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
Please see disclaimer on the QualityStocks website: http://Disclaimer.QualityStocks.com
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