NEW YORK, March 4, 2014: Vital Source Technologies, Inc., Ingram Content Group's global leader in building, enhancing and delivering e-learning content, has announced that it acquired the assets of CourseSmart, a leading provider of digital textbooks in the higher education market.
San Mateo, Calif.-based CourseSmart was founded in 2007 by Macmillan, Cengage Learning, John Wiley & Sons, McGraw-Hill Education and Pearson with the goal of providing instructors a better textbook evaluation service. The company has since expanded to become a leader in providing digital learning content to the higher education community. Vital Source is the largest digital content channel in the world with more than 4 million users across 6,000 campuses worldwide. Ingram Content Group Inc. is a subsidiary of Nashville-based Ingram Industries Inc. Ingram provides books, music and media content to over 39,000 retailers, libraries, schools and distribution partners in 220 countries and territories.
Morgan Lewis advised Pearson in connection with the sale of CourseSmart led by Business and Finance partner Robert Dickey.
For further information about the transaction, please see Ingram Content’s press release.