Forum Corporation

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The Forum Corporation
Type private
Founded 1971
Headquarters Boston, United States
Area served North America, EMEA, Asia Pacific
Key people Ed Boswell, President & CEO
Executive Team: Alyson Brandt, Galina Jeffrey, Ron Koprowski, Ellen Foley, Jerry Cogliano, Jocelyn Davis[1]
Industry corporate training
Parent Informa
Website forum.com

The Forum Corporation is a corporate training and education company owned by Informa. Founded in the early 1970s, Forum has worked with over 480 companies, 130 of which are listed on the Fortune 500.[2]

Contents

[edit] History

[edit] Early years

Forum was founded in 1971 by five partners who originally financed the startup with their American Express cards.[3] By 1982 it was ranked 362 on the Inc. 500 list of the fastest growing private companies in America,[4] with 170 employees and 40 part-time instructors.[5] As clients moved the company began conducting operations overseas in the late 1970s.[6]

In 1986 U.S. News & World Report described it as one of largest employee-training companies,[7] and the following year it entered Australia.[6]

Forum expanded to New Zealand in 1993, and by 1996 Forum had 500 employees worldwide with established offices in Boston, Hong Kong, London, and Toronto, and an expected revenue of US$65 million.[3] By 1997 its training was conducted in 18 languages, and with structural changes in the business world, Forum supplied a significant portion of training for 6 American companies and operated the entire training divisions of 6 others.[6] That same year it announced an alliance to provide worldwide training with the business communications company, the Moore Corporation.[8]

[edit] Acquisitions

[edit] 2000

On June 30, 2000,[9] Forum accepted an offer by Pearson, a London-based media conglomerate, to purchase Forum for US$90 million (GBP 60 million) in cash. Pearson intended to merge Forum with FT Knowledge to generate sales of US$110 million in its first year. Forum Chairman and CEO John Humphrey oversaw the integration as chairman of an international advisory board while FT Knowledge CEO Pippa Wicks became the CEO of the new company.[10] Forum executive vice president Jennifer Potter-Brotman was promoted to CEO of Forum, as Pearson wished to keep senior Forum managers and preserve brand identity.[9] After Forum shareholders unanimously approved the purchase, and the Federal Trade Commission approved the deal on July 10, the official announcement was released August 3.[11]

[edit] 2003

In July 2002, the Institute for International Research (IIR) expressed interest in purchasing Forum, and as FT Knowledge began consolidating Pearson decided to launch negotiations that November. A final deal was signed on January 13, 2003, selling Forum to IIR for US$30 million.[12] IIR was purchased itself in 2005 by the British publisher and conference company Informa.[13]

[edit] References

  1. ^ Forum People: Executive Team. Forum. Retrieved on 2008-03-30.
  2. ^ Our Clients. Forum. Retrieved on 2008-03-30.
  3. ^ a b McGrady, Suzanne. "Forum Corp. chairman sees time when training, work will coincide", Boston Business Journal, 1996-11-22. Retrieved on 2008-02-08. 
  4. ^ No. 362 Forum Corp. of North America. Inc.. Retrieved on 2008-02-19.
  5. ^ Fowler, Elizabeth M.. "Careers; Training: A Growth Industry", The New York Times, 1982-06-23. Retrieved on 2008-02-19. 
  6. ^ a b c Evans, Steve. "Pioneer of training notes changing times", The Dominion, 1997-11-12. Retrieved on 2008-02-19. 
  7. ^ Solorzano, Lucia. "Why business spends billions educating workers", U.S. News & World Report, 1986-02-10. Retrieved on 2008-02-19. 
  8. ^ "Moore Enters Strategic Insourcing Alliance with the Forum Corporation", PR Newswire, 1997-06-30. Retrieved on 2008-02-19. 
  9. ^ a b "Pearson Unit FT Knowledge To Acquire Forum Corp. For $90M", Lifelong Learning Market Report, 2000-7-12. Retrieved on 2008-02-19. 
  10. ^ Harding, James. "COMPANIES & FINANCE: UK: Pearson expands in education market MEDIA GROUP PAYS Dollars 90M FOR THE FORUM CORPORATION TO GAIN MARKET SHARE IN NORTH AMERICA", Financial Times, 2000-07-07. Retrieved on 2008-02-19. 
  11. ^ "FT Knowledge, Forum Corp. Finalize Deal, Join to Create Leading Corporate Training and e-Learning Co.", PR Newswire, 2000-08-03. Retrieved on 2008-02-19. 
  12. ^ "Institute For International Research Buys Forum Corp. For Estimated $30M; Pearson Consolidates", Lifelong Learning Market Report, 2003-02-07. Retrieved on 2008-02-19. 
  13. ^ "T&F Informa buys conferences group IIR Holdings for 768 mln stg", AFX News Limited, Forbes, 2007-06-01. Retrieved on 2007-12-31. 

[edit] Further reading

  • Van Adelsberg, David; Trolley, Edward A. (1999). Running Training Like A Business: Delivering Unmistakable Value. San Francisco: Berrett-Koehler Publishers. ISBN 1576750590

[edit] External links