Follett Acquires Fourteen40 to Expand Education Digital Content Platform
Posted on: Tuesday, 25 March 2008, 12:00 CDT
Follett, a provider of educational solutions and services, has acquired technology firm Fourteen40, a provider of social networking learning solutions, to expand education digital content platform. Financial terms of the transaction were not disclosed.
The acquisition includes Fourteen40's social networking solution called CafeScribe, an online site at which students can browse, purchase and download eBooks that they need for class. Once the eBook is downloaded, the students use a digital content reader called MyScribe to easily read and annotate the eBook, search the internet and share notes with others as they study.
Fourteen40 claims that the social networking tools within CafeScribe give students the option to invite others into the virtual equivalent of study groups.
Christopher Traut, president and CEO of Follett, said: "Our acquisition of Fourteen40 adds social networking to our expanding platform of digital technologies, tools and products. This investment reflects our strategic effort to deliver the industry's widest range of print and digital solutions that help education customers increase efficiency and enhance the learning experience."
Source: Datamonitor
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