Cengage Learning
Cengage Learning,orCengage,is apublisher.It makes and sellstextbooksand othereducationalcontent. It is also a technology and services company. Their customers are inhigher education,K-12,companies, and libraries around the world. Cengage has business in more than 20 countries.[1][2][3]
Company information
[change|change source]The company headquarters in Boston, Massachusetts.About 5,000 people work at Cengage in 20 countries. The headquarters was inStamford, Connecticutuntil April 2014.
Products and services
[change|change source]Cengage sells print and digital textbooks. It also sells additional materials to teachers to help them use those textbooks. Online products include reference databases anddistance learningcourses. Cengage also sells test preparation materials, corporate training courses, career assessment tools, materials for specific academic disciplines, and custom solutions.
On December 5, 2017, Cengage announced Cengage Unlimited. This plan is asks students to pay asubscriptionto use any of their digital higher education books. Students can pay bysemesteror year.[4]
History
[change|change source]Cengage Learning used to be calledThomson Learning.TheThomson Corporationsold it to aprivate equitygroup includingApax PartnersandOMERS Capital Partnersfor US $7.75 billion, and the name was changed to Cengage Learning on 24 July 2007.[5]In 2011, Cengage Learning bought theNational Geographic Society's school publishing business. It combined this school business with the Global ELT business to make the National Geographic Learning brand.[6]
Cengage Learning filed forbankruptcyunder Chapter 11 on July 2, 2013.[5][7]Cengage Learning left bankruptcy on April 1, 2014.
Buying other companies
[change|change source]Cengage has grown by buying other publishing companies. These are some fo the important ones:
| Date of acquisition announced | Asset acquired | Industry |
|---|---|---|
| 1 March 2004 | Education to Go[8] | Online continuing education courses |
| 16 May 2008 | PAL Publications[9] | Professional reference series |
| 2 June 2008 | Houghton Mifflin College Division[9] | Publishing for2-and4-yearcolleges |
| 17 July 2008 | Gatlin Education Services | Web-based trainingfor education providers |
| 16 December 2008 | HighBeam Research[10] | Paid search engine of newspapers and magazines |
| 1 August 2011 | National Geographic School Publishing[6] | Publishing for K-12 Schools |
| September 2015 | Learning Objects, Inc | Learning Management SystemsandAdaptive EducationTools |
| October 2015 | Pathbrite, Inc | ePortfolioservices for learning, reflection, and career advancement |
| September 2016 | WebAssign[11] | Online instructional application for faculty and students |
Brands/imprints
[change|change source]The company also publishes books with other names: 4LTR Press, Aplia, Cengage Learning PTR,Chilton,Education To Go, Gale, Milady, MindTap, and National Geographic Learning.
References
[change|change source]- ↑(Jun 27, 2014)Global Publishing Leaders 2014: CengageArchived2015-06-12 at theWayback Machinepublishersweekly
- ↑Company Info - Wall Street Journal.Cengage LearningArchived2015-06-18 at theWayback Machine
- ↑Company Overview of Cengage Learning, Inc.Archived2017-08-09 at theWayback MachineBloombergBusiness
- ↑Boston publisher launches a Netflix for textbooks
- ↑5.05.1"Cengage Learning Files for Bankruptcy".New York Times. July 2, 2013.Archivedfrom the original on November 8, 2014.Retrieved2014-11-07.
- ↑6.06.1Jinks, Beth (June 24, 2011)Apax's Cengage Buying National Geographic's School PublisherArchived2016-07-31 at theWayback MachineBloomberg
- ↑Howard, Jennifer (July 3, 2013)Publisher's Bankruptcy Filing Comes as Market for Print Textbooks ShrinksArchived2015-05-12 at theWayback MachineThe Chronicle of Higher Education
- ↑MacFadyen, Ken (June 9, 2008)Thomson Course Technology Acquires Education To Go To Expand Continuing Education OfferingsArchived2016-01-29 at theWayback Machine
- ↑9.09.1MacFadyen, Ken (June 9, 2008)Cengage Buys Houghton Mifflin's College UnitArchived2015-06-05 at theWayback Machinethemiddlemarket
- ↑Polanka, Sue (Dec 16, 2008)http:// libraries.wright.edu/noshelfrequired/2008/12/16/highbeam-research-now-part-of-galecengage/ArchivedJune 5, 2015, at theWayback MachineNo Shelf Required - Wright State University Libraries
- ↑"Cengage Acquires WebAssign, Strengthening Market Position in Science, Technology and Math".Cengage.2016-09-27.Archivedfrom the original on 2016-11-16.Retrieved2016-11-15.
- Mike W. Peng,Global Business(2009), p. 3
- Hoover's Handbook of World Business 2011(2011), p. 355
- Press Release (Ed2go)
- Press Release (Houghton Mifflin)
- Boston Herald: Houghton Mifflin Acquisition