(Benzinga, March 29, 2010) Apollo Group Inc. (APOL), one of the world’s largest private education providers, reported net revenues of $1070.3 million in the second quarter of fiscal 2010, compared to $869.5 million in the yea
Acquisitions & Partnerships
Smartlinx Launches Beta Version of Live Tutor VLE
(Marketwire, March 23, 2010) UNION CITY, NEW JERSEY, Mar 23, 2010 (MARKETWIRE via COMTEX) -- Smartlinx Inc.
Follett Higher Education Group Announces Online Textbook Rental for Independent Bookstores
(Business Wire, March 15, 2010) OAK BROOK, Ill.--(BUSINESS WIRE)--Follett is launching two new college textbook rental programs for independent bookstores: an online affiliate program powered by BookRenter’s technology platform and an in-store rental support program.
Private-equity firms to buy SkillSoft for $1.1 billion
(Reuters, February 12, 2010) The cash offer of $10.80 per share, made by funds owned by Berkshire Partners, Advent International and Bain Capital, was 11 percent more than SkillSoft's closing price on Thursday.
Interactive Textbooks Headed to iPad, Report Says
(PC World, February 3, 2010)
Inkling lets textbook makers embrace the iPad
(Venture Beat, January 28, 2010) “The book will never die. But the textbook probably will,” says Inkling CEO Matt MacInnis. Inkling is working directly with textbook publishers. First, they’ll port their existing tomes onto Apple’s iPad as interactive, socialized objects.
JitterBook Selects Parago to Provide Visa(R) Prepaid Cards to Students Trading in Textbooks
(PR Newswire, January 25, 2010) JitterBook (www.JitterBook.com), which reinvented the way that students buy and sell textbooks, has introduced one more convenience to its program.
Apple in Talks with McGraw-Hill, Hachette over Tablet
Orbis Education Lands $8 Million in Venture Capital
(Indianapolis Business Journal, January 19. 2010) A Silicon Valley venture capital firm has invested $8 million in Orbis Education, a locally based maker of nursing-education software.
Menlo Park, Calif.-based Lightspeed Venture Partners engineered the capital infusion in late December to help Orbis expand its nursing-education programs. Orbis announced the deal today.
Will Online Education Become a Revenue Stream for News Organisations?
(The Guardian, January 18, 2009) As news organisations struggle to find new revenue models, education offerings seem to be a very good way to extend the brand and earn extra revenue.