TES Global Acquires Vision for Education
TES Global, formally TSL Education, the largest network of teachers in the world and UK's leading player in teacher recruitment, has acquired Vision For Education, one of the fastest growing supply teaching agencies in the UK. The transaction is the first step in TES Global's strategy to grow its recruitment business beyond the permanent hiring solutions marketplace into an adjacent segment. By leveraging the company's deep experience in education recruitment, its unparalleled network of teachers and online teaching resources, TES Global believes that the acquisition of Vision For Education will have a transformative effect on the supply industry nationwide.
Key transaction takeaways
- There are c.50,000 supply teachers teaching in the UK on any given school day.
- State sector spend on supply teaching is c.£900m p.a.
- The UK supply market is currently highly localised and relationship driven.
- TES Global is the largest player in the recruitment advertising market for primary and secondary education in the UK, with over 70,000 jobs placed on its platforms over the last 12 months on its website http://www.tes.co.uk/jobs and through its weekly magazine, TES.
- TES Global has an extremely high penetration of UK teachers through its online teacher network - last year over 730,000 registered UK education professionals downloaded at least one resource from its online platform.
- Vision For Education is an established and rapidly growing supply agency business that currently operates from nine offices across the North of England.
- Vision For Education has created a vibrant culture that focuses on providing high-quality supply teachers whenever needed, and the number of teachers they place per week has more than doubled over the last two years.
Company Quotes and Insights
"At TES, we really hope we understand what both schools and teachers want and expect when looking for new staff and new jobs. Putting the right teams together to run a school is perhaps the single most important factor in driving education standards - and it is what schools around the UK are doing every day. We are already market leaders in permanent teacher recruitment, and have long hoped to find a teacher supply company which starts to answer some of the frustrations that headteachers have expressed to us about the well-known problems in the supply market," said Louise Rogers, CEO of TES Global. "What schools tell us is that they want the supply agency they work with to put quality and best fit above everything else. They want a company which treats teachers fairly and can react quickly and with real insight. The teachers who specialise in supply want to be treated well, to be properly trained and feel supported and respected. When we first met Vision For Education, we knew we had found the perfect partner. The Vision team is determined to transform the UK supply industry by raising the status of supply teachers, and ensuring that both teachers and schools alike get a better deal and better results from both long and short-term supply placements. We at TES are honoured to join them in that mission."
"When looking for a partner to help support the growth of Vision For Education into the nation's most recognised, highest quality provider of supply teachers and support staff, we were determined to find a company that shares our core values," said Darren McLaney, CEO and Founder of Vision For Education. "We wanted to find a partner with an unwavering commitment to finding the best teacher for every vacancy in every school; that was open, honest and respectful with teachers; and that genuinely listened to what teachers, as professionals, want. With TES, we have the profession's most admired brand, endorsed by millions of teachers who interact daily via the exceptional library of resources that they upload onto TES, to drive up standards in education. Both partners are driven by quality and I believe schools, teachers and ultimately children will be the winners due to this partnership."
About TES Global
TES Global's story is an extraordinary one: its digital community on TES Connect is one of the fastest growing of any profession globally, and it boasts a 100-year heritage at the centre of the teaching and education community with offices in London, San Francisco and Sydney. TES Global has long been the UK's number one for education hiring solutions, with over 70,000 teaching jobs advertised on its platforms in the past 12 months. Over 80% of all jobs are filled within the first 4 weeks. Today, TES Global's online platforms host the largest network of teachers in the world with over 5.9 million teacher members in 197 countries across the globe. 4.9 million resources are downloaded from the site every week, 10 every second. Last year over 730,000 registered users from the UK downloaded at least one teaching resource. For more information, visit: http://www.tesconnect.com
About Vision For Education
Founded in 2008, Vision For Education has grown organically to 80 staff in nine offices, most of which have become the market leaders in their geographical area. This has been achieved by providing schools with a local and personal service, often charging schools substantially less than their previous agency, while at the same time paying teachers substantially more to ensure the best possible candidates apply. As well as the huge saving to schools and the increased pay to teachers that Vision For Education offers, it also continues to give back substantial amounts to schools for amongst other things sports equipment and prizes for achievement, as well as hosting awards dedicated to celebrating the success of pupils. Ultimately, this is what it all should be about: ensuring the best outcomes for the next generation.
Patrick Hayes, +44-(0)7782-133399
SOURCE TES Global