The deal, which closed on January 25, will see the competing organisations join forces to create a robust “end-to-end suite of products and services” in the testing space, the companies said in a statement.
ETS is behind exams including including the TOEFL, which is widely accepted by universities in major international student destinations as a measure of English language ability.
“This is an important milestone for ETS”
The group plans to expand further into workforce skills testing and development – a strategy bolstered by the latest acquisition.
“This is an important milestone for ETS as we forge ahead into the workforce development space to become the trusted source to measure, certify and license skills and demonstrate progress,” said Amit Sevak, CEO of ETS.
PSI, a US-based company, runs the Skills for English SELT tests, which are used for work, study and residency, and are approved by the UK Home Office for visa applications. It was also accepted in 2022 by the Irish government for study visa qualifications.
The organisations said customers would benefit from a “shared goal” to boost international recognition of credentials.
Janet Garcia, CEO of PSI, said, “As two of the world’s leading measurement experts in design and delivery, this partnership offers clients and test takers an unrivalled set of capabilities and a combined strength and stability to positively impact millions of individuals throughout their learning and career journeys.”
Between them, the two companies deliver nearly 50 million tests annually across more than 200 countries and territories, according to ETS.