XanEdu, a full-service provider of custom course materials and SharedBook, creator of self-service platform AcademicPub, agreed to merge the two companies.
The merger should take place in the coming 30 days and aims to create a unified solution across the entire custom course materials delivery spectrum.
XanEdu is currently used by over 1000 institutions, reaching over 630.000 students. The company helps professors and bookstores to find custom content outside of traditional textbooks, clearing copyright permissions, and creating digital content. Students have the choice between print or digital versions of the course packs.
AcademicPub is a self-service platform for faculty to quickly source, aggregate and order custom course materials online from a library of over 12 million copyright-cleared content items from 265 publishers. Professors can also add their own content to the course packs.
From the press release
“The combined value proposition for customers is immense,” said John DeBoer, CEO, XanEdu. “Separately, we each solve different industry needs. Together, we become the best end-to-end provider in the market, providing both full-service and do-it-yourself options. The combination allows us to better serve all of our higher education constituents – institutions, faculty, students, bookstores, publishers – as well as enter new markets.”
The new company will operate under the XanEdu brand, DeBoer will remain CEO. SharedBook CEO Caroline Vanderlip will join the board of directors.
XanEdu was founded in 1999 and was acquired by Superior Capital Partners LLC in 2009. Over the years XanEdu has acquired a couple of smaller publishers, Custom Campus Publishing in 2001, Copley Custom Publishing in 2004, Tichenor Publishing and Printing in 2008 and Huron Valley Publishing in 2011.
The company also raised a venture round in April 2013 from Plymouth Management Company’s (PMC) Plymouth Venture Partners Fund II (PVP II) and Superior Capital Partners LLC. Earlier this month XanEdu announced that it will invest $1 million in its Ann Arbor headquarters.
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