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By Gus G. Sentementes, The Baltimore Sun | April 12, 2012
Prometric, a Baltimore-based provider of educational testing services, said Thursday it secured a $175 million loan to refinance the remaining debt of when it was purchased five years ago by Educational Testing Services Inc. for $435 million. The loan arrangement is in two parts: a five-year, $165 million loan arranged by TD Securities, and a $10 million revolving line of credit funded by nine banks. Prometric will also use some of the funds as working capital for company initiatives.
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BUSINESS
By Alison Knezevich, The Baltimore Sun | May 8, 2013
An educational testing firm is planning a job fair Friday for positions at its new facility in Baltimore County. Prometric says the event is scheduled for 3 p.m. to 7:30 p.m., at the Hampton Inn Baltimore/White Marsh, located at 8225 Town Center Drive. The company is hiring customer-service employees for its new location in White Marsh. Job seekers should bring copies of their resume and be prepared to meet recruiters and hiring managers, the firm said. The company has corporate headquarters in Canton, and is a wholly owned subsidiary of ETS. People also can search for Prometric jobs at prometric.submit4jobs.com . alisonk@baltsun.com twitter.com/aliknez
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BUSINESS
By Hanah Cho and Hanah Cho,Sun reporter | July 3, 2007
Thomson Prometric, the Baltimore-based educational testing company that was once part of the former Sylvan Learning Systems, has been sold again - this time to Educational Testing Service, administrator of the SAT, for $435 million. ETS is Prometric's largest customer, a partnership that began nearly 20 years ago, ETS officials said yesterday. Prometric delivers the TOEFL, GRE and Praxis teaching licensing exams for the Princeton, N.J.-based educational assessment and research company.
BUSINESS
By Gus G. Sentementes, The Baltimore Sun | April 12, 2012
Prometric, a Baltimore-based provider of educational testing services, said Thursday it secured a $175 million loan to refinance the remaining debt of when it was purchased five years ago by Educational Testing Services Inc. for $435 million. The loan arrangement is in two parts: a five-year, $165 million loan arranged by TD Securities, and a $10 million revolving line of credit funded by nine banks. Prometric will also use some of the funds as working capital for company initiatives.
BUSINESS
By Alison Knezevich, The Baltimore Sun | May 8, 2013
An educational testing firm is planning a job fair Friday for positions at its new facility in Baltimore County. Prometric says the event is scheduled for 3 p.m. to 7:30 p.m., at the Hampton Inn Baltimore/White Marsh, located at 8225 Town Center Drive. The company is hiring customer-service employees for its new location in White Marsh. Job seekers should bring copies of their resume and be prepared to meet recruiters and hiring managers, the firm said. The company has corporate headquarters in Canton, and is a wholly owned subsidiary of ETS. People also can search for Prometric jobs at prometric.submit4jobs.com . alisonk@baltsun.com twitter.com/aliknez
BUSINESS
By Stacey Hirsh and Stacey Hirsh,SUN STAFF | January 12, 2001
Prometric Inc., a computer-based testing company, has let go 92 of its 3,000 workers worldwide - about 3 percent of its work force. Of the 92 workers, 52 are in the Baltimore area, which includes sites in Meadow Mill, Woodlawn, Linthicum and Baltimore, where the company is headquartered. The layoffs, which happened Wednesday, come as Prometric restructures to strengthen its position in the industry, according to a press release. The company will also be beefing up its national and international sales force as part of the changes.
BUSINESS
By Tricia Bishop and Tricia Bishop,SUN STAFF | October 6, 2004
Thomson Prometric, a Baltimore computer testing company, has landed a $1 billion contract with the New Jersey company that administers the SAT and Advanced Placement exams. Prometric, a division of the Canadian electronic media conglomerate Thomson Corp., will get more than $83 million a year for the next 12 years from Educational Testing Services of Princeton, N.J., the companies announced yesterday. Under the deal, Prometric will help Educational Testing Services introduce a version of the Test of English as a Foreign Language next year.
BUSINESS
By Stacey Hirsh and Stacey Hirsh,SUN STAFF | May 3, 2001
As part of its push into the international market, Prometric Inc. is expected to announce today that it won a contract with the Irish government for computer-based driving tests. The Baltimore computer based-testing company is also expected to announce next week that it won a contract to administer academic testing at the online university run by Mexico's Monterrey Technological Institute. Financial terms of the deals have not been disclosed. However, as part of the deal with the Republic of Ireland, Prometric will spend $3.3 million to set up the testing centers.
BUSINESS
By June Arney and June Arney,SUN STAFF | September 25, 1999
Sylvan Learning Systems Inc., the Baltimore-based provider of educational services, announced yesterday that it will spin off its computerized testing service company in order to focus on its tutoring business.Sylvan said it will sell up to 20 percent of Prometric Inc., which offers more than 2,400 kinds of tests to more than 170 clients, by early 2000. The remaining stake of Prometric will be distributed to Sylvan shareholders by next fall if the Internal Revenue Service rules that such a distribution is tax-free and no adverse business or market conditions exist for Sylvan or its stockholders.
BUSINESS
By Hanah Cho and Hanah Cho,hanah.cho @baltsun.com | February 24, 2009
Hanover-based Allegis Group Inc., the nation's largest privately owned provider of staffing services, laid off 10 percent of its 10,000-staff U.S. work force, including 80 workers in Maryland, the company said yesterday. Neil Mann, executive vice president at Allegis, said the job cuts in Maryland were mostly at its Hanover headquarters, affecting back-office functions. "We're affected by our clients' financial world, and the recession hits them, and it tends to hit us," Mann said. Allegis is made up of a group of staffing companies, including Aerotek, TEKsystems, Stephen James Associates, MarketSource and Allegis Group Services.
BUSINESS
By Hanah Cho and Hanah Cho,hanah.cho @baltsun.com | February 24, 2009
Hanover-based Allegis Group Inc., the nation's largest privately owned provider of staffing services, laid off 10 percent of its 10,000-staff U.S. work force, including 80 workers in Maryland, the company said yesterday. Neil Mann, executive vice president at Allegis, said the job cuts in Maryland were mostly at its Hanover headquarters, affecting back-office functions. "We're affected by our clients' financial world, and the recession hits them, and it tends to hit us," Mann said. Allegis is made up of a group of staffing companies, including Aerotek, TEKsystems, Stephen James Associates, MarketSource and Allegis Group Services.
BUSINESS
By Hanah Cho and Hanah Cho,Sun reporter | July 3, 2007
Thomson Prometric, the Baltimore-based educational testing company that was once part of the former Sylvan Learning Systems, has been sold again - this time to Educational Testing Service, administrator of the SAT, for $435 million. ETS is Prometric's largest customer, a partnership that began nearly 20 years ago, ETS officials said yesterday. Prometric delivers the TOEFL, GRE and Praxis teaching licensing exams for the Princeton, N.J.-based educational assessment and research company.
BUSINESS
By LORRAINE MIRABELLA and LORRAINE MIRABELLA,SUN REPORTER | November 4, 2005
Testing company Thomson Prometric plans to move its Baltimore headquarters and 400 employees next year to one of the city's newest developments on its eastern fringe, the company will announce today. The subsidiary of The Thomson Corp., an information technology company based in Stamford, Conn., will move next November from Harbor East to the new 17-story tower at Canton Crossing in Canton. Prometric, which was owned by Baltimore-based Sylvan Learning Systems Inc. from 1997 to 2000, has been based at 1000 Lancaster St. at Harbor East since 1996, when the building opened.
BUSINESS
By Blanca Torres and Blanca Torres,SUN STAFF | July 19, 2005
Prospective medical students will forgo the current pencils-and-paper version of the standard entrance exam for a shorter, more widely available computerized test under a seven-year, $30 million deal between Thomson Prometric, the Baltimore-based testing company, and the Association of American Medical Colleges. By 2007, the Medical College Admission Test, or MCAT, will have to be taken by computer. The length of the test is expected to drop from eight to 10 hours to about five hours, mostly because there will be fewer questions.
BUSINESS
By Tricia Bishop and Tricia Bishop,SUN STAFF | October 6, 2004
Thomson Prometric, a Baltimore computer testing company, has landed a $1 billion contract with the New Jersey company that administers the SAT and Advanced Placement exams. Prometric, a division of the Canadian electronic media conglomerate Thomson Corp., will get more than $83 million a year for the next 12 years from Educational Testing Services of Princeton, N.J., the companies announced yesterday. Under the deal, Prometric will help Educational Testing Services introduce a version of the Test of English as a Foreign Language next year.
BUSINESS
October 18, 2001
In the Region Tax break OK'd for Saratoga St. apartment project The city Board of Estimates approved a tax break yesterday for Saratoga Court, an empty downtown office building being converted to apartments. The $8.3 million project, at 222 E. Saratoga St.. will be developed and owned by D'Aleo & Associates and other equity investors. The investors are 13 percent minority-owned businesses and 17 percent woman-owned businesses, according to an agreement with the city. The benefits of the payment in lieu of taxes will last 10 years and are aimed at encouraging conversion of underused buildings into housing.
BUSINESS
February 2, 1998
New positionsSylvan Prometric names Kempton a vice presidentSylvan Prometric named Richard S. Kempton vice president, test center services. He will have responsibility for providing value-added services to Prometric Testing Centers and Sylvan Technology Centers worldwide. He will also direct teams specializing in channels served by Sylvan Prometric, including certification, professional licensure and academic testing. Before joining Sylvan, he was president of six New Horizons Computer Learning Center franchises.
BUSINESS
By Mark Ribbing and Mark Ribbing,SUN STAFF | December 1, 1998
Sylvan Learning Systems Inc. said yesterday that it has won a $125 million contract to provide computerized drivers' tests in the United Kingdom.Under the six-year deal with Britain's Driving Standards Agency, Baltimore-based Sylvan will operate 158 testing centers where would-be drivers in England, Scotland and Wales could take the written part of the test. More than 1 million people take the written test each year. Sylvan will not be involved in the driving portion of the examination."It's the largest testing contract we've won to date," said Sylvan spokeswoman Vickie Glazar.
BUSINESS
By Stacey Hirsh and Stacey Hirsh,SUN STAFF | May 3, 2001
As part of its push into the international market, Prometric Inc. is expected to announce today that it won a contract with the Irish government for computer-based driving tests. The Baltimore computer based-testing company is also expected to announce next week that it won a contract to administer academic testing at the online university run by Mexico's Monterrey Technological Institute. Financial terms of the deals have not been disclosed. However, as part of the deal with the Republic of Ireland, Prometric will spend $3.3 million to set up the testing centers.
BUSINESS
By Stacey Hirsh and Stacey Hirsh,SUN STAFF | January 12, 2001
Prometric Inc., a computer-based testing company, has let go 92 of its 3,000 workers worldwide - about 3 percent of its work force. Of the 92 workers, 52 are in the Baltimore area, which includes sites in Meadow Mill, Woodlawn, Linthicum and Baltimore, where the company is headquartered. The layoffs, which happened Wednesday, come as Prometric restructures to strengthen its position in the industry, according to a press release. The company will also be beefing up its national and international sales force as part of the changes.
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