Education technology company Follett plans to develop new features for school media center software Destiny to help customers comply with so-called “parents’ rights bills” being introduced across the US. An article in Forsyth County News earlier this month reported on changes the Georgia county is making “to increase parental involvement in a student’s book selections […]
Education
“Passion Over Money”: On Careers With a Publishing Master’s Degree
Last year, the WSJ reported that graduates from top universities don’t earn enough to pay off loans for their master’s degrees in a number of disciplines. According to the article, “At New York University, graduates with a master’s degree in publishing borrowed a median $116,000 and had an annual median income of $42,000 two years […]
Follett Book Fairs Sold to Literati
After saying they would exit their unprofitable school book fair business as of last November, Follett School Solutions has now announced the sale of that business to book subscription business Literati. According to the release, “Literati will inherit the Follett Book Fair infrastructure, including book inventory, distribution centers, and key members of the executive, sales […]
Follett to Leave the School Book Fair Business
Follett School Solutions, the K-12 division sold by parent Follett Corporation to Francisco Partners at the beginning of September, announced that it will close its school book fair business: “Due to the pandemic, Follett School Solutions has made the difficult decision to exit the Follett Book Fair business, effective November 15, 2021,” the company said […]
Follett School Solutions Acquired By Francisco Partners
Follett Corporation has sold Follett School Solutions, the company’s K-12 software and content division, to tech-focused investment firm Francisco Partners, which owns the K-12 education-focused businesses Renaissance Learning, Discovery Education, Freckle, myON and Mystery Science. Earlier in the year, Francisco bought VitalSource from Ingram Content Group. The terms of the deal were not announced. Follett […]
McGraw Hill to Acquire Achieve3000
McGraw Hill was the winning bidder in the sale of New Jersey-based edtech company Achieve3000. The deal is expected to close within 60 days, and it underscores support for McGraw from their new private equity owners at Platinum Equity. Terms were not disclosed, but earlier in August, sources told PE Hub that Achieve3000 had sales […]