 |
|
| Type | Private |
|---|---|
| Founded | 2007 |
| Headquarters | Stamford, Connecticut, U.S. |
| Owner(s) | Apax Partners OMERS |
| Employees | 5,800 (2008) |
Cengage Learning is a leading publisher of print and digital information services for the academic, professional and library markets, and delivers customized learning solutions for colleges, universities, professors, students, libraries, government agencies, corporations and professionals around the world.
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Company information
The company is headquartered in Stamford, CT, and has approximately 5,800 employees worldwide across 35 countries.
The company is composed of three units:
- Academic & Professional Group (APG)
- Gale
- International
In the academic marketplace, Cengage Learning serves secondary, higher education, and graduate-level students, teachers, libraries, government agencies, and corporations in both traditional and distance learning environments.
Gale is Cengage Learning’s library reference arm and specializes in e-research and educational publishing for libraries, schools and businesses. The company creates and maintains more than 600 databases that are published online, in print, as eBooks and in microform. In addition to serving the school and library communities, Gale also licenses its proprietary content for integration within Web-based information services. Nearly 100 organizations — including Looksmart, Borders and Dow Jones — are engaged in business distribution partnerships with Gale.[1]
As part of its international division, Cengage Learning provides materials for English language teaching and learning throughout the world via Heinle.[2]
Cengage Learning has partnered with five other higher-education publishers to create CourseSmart, a company developed to sell college textbooks in eTextbook format on a common platform.[3]
Services
Cengage Learning offers textbooks, instructor supplements, digital content, online reference databases, distance learning courses, test preparation materials, corporate training courses, career assessment tools, materials for specific academic disciplines, and custom solutions.
History
Sale to private equity
It was announced on 25 October, 2006 that Thomson Learning would be offered for sale by the Thomson Corporation, with an estimated value of up to US$5 billion. The company was bought by a private equity consortium consisting of Apax Partners and OMERS Capital Partners for US$7.75 billion and the name was changed to Cengage Learning on 24 July 2007.[4]
Acquisitions
In addition to organic growth, Cengage Learning has expanded through acquisitions within the publishing industry. Notable acquisitions include:
| Date of Acquisition Announced | Asset Acquired | Industry |
|---|---|---|
| 16 May 2008 | PAL Publications[5] | Professional reference series |
| 2 June 2008 | Houghton Mifflin College Division[6] | Publishing for 2- and 4-year colleges |
| 17 July 2008 | Gatlin Education Services[7] | Web-based training for education providers |
| 16 December 2008 | HighBeam Research[8] | Paid search engine of newspapers and magazines |
Brands/Imprints
Cengage Learning's brands include: Brooks/Cole, Course Technology, Delmar, Gale, Heinle, Schirmer, South-Western, and Wadsworth.
The company's product lines include: 4LTR Press, Aplia, Atomic Dog Publishing, Charles River Media, Chilton, CompuTaught, Education To Go, Milady, NetLearning, Primary Source Media, and Sleeping Bear Press.
Executive management
- Ronald G. Dunn - President & Chief Executive Officer
- Dave Shaffer - Executive Chairman
- Adrian Butler - Executive Vice President, Human Resources
- Ken Carson - General Counsel
- Dean Durbin - Chief Financial Officer
- William D. Rieders - Executive Vice President, Global New Media[9]
- Charles Siegel - President, Academic & Professional Group
- Patrick C. Sommers - President, Gale[10]
Notes
- ^ http://www.gale.cengage.com/about/
- ^ http://www.cengage.com/press/release/20081202.html
- ^ "New Agreement Makes eTextbooks Available to Students". http://www.coursesmart.com/aboutus?aboutview=media#pressedmap.
- ^ http://www.cengage.com/press/release/20070724.html
- ^ http://www.cengage.com/press/release/20080516.html
- ^ http://www.cengage.com/press/release/20080602.html
- ^ http://www.cengage.com/press/release/20080717.html
- ^ Gale Acquired HighBeam Research - December 16, 2008
- ^ http://www.cengage.com/press/release/20080103.html
- ^ http://www.cengage.com/press/release/20071017.html
References
- Press Release (Ed2go)
- Press Release (Houghton Mifflin)
- Association of American Publishers
- APAX Partners
- Boston Herald: Houghton Mifflin Acquisition
External links
This entry is from Wikipedia, the leading user-contributed encyclopedia. It may not have been reviewed by professional editors (see full disclaimer)
