Ingram Content Group acquired the assets of CourseSmart through its textbook unit VitalSource Technologies. Financial terms were not disclosed.
CourseSmart was founded by the publishers Macmillan, Cengage Learning, John Wiley & Sons, McGraw-Hill Education and Pearson in 2007 to facilitate the distribution of digital textbooks but has since expanded to become a leader in providing digital learning content in higher education.
By combining the two organizations, VitalSource will offer the world’s largest digital content catalog for higher education. CourseSmart claims to have millions of users around the world and that it offers access to over 90% of core higher education titles as e-textbooks along with large catalog of e-resources and other digital course materials in its catalog. CourseSmart offers discounts of up to 60% off the cost of the print titles.
The VitalSource Bookshelf platform is the most used e-textbook delivery platform in higher education with more than 4 million users across 6,000 campuses around the world. Ingram estimates that it will take 12 to 18 months to fully transition CourseSmart customers to its VitalSource Bookshelf platform.
- Ingram Content Group’s VitalSource Technologies Acquires CourseSmart | PR Newswire
- Ingram Buys CourseSmart | Publishers Weekly
- CourseSmart deal brings vertical integration to eTextbook market | EducationInvestor
- Ingram buys CourseSmart, consolidating e-book textbook companies | Los Angeles Times