Company acquires Digital Student Solutions
segment from Barnes & Noble Education, including
bartleby® and Student Brands
REDWOOD
CITY, Calif., May 31, 2023
/PRNewswire/ -- Learneo, Inc., a platform of productivity and
learning businesses and technologies, today announced that it
entered into a definitive agreement and closed on the acquisition
of the Digital Student Solutions (DSS) segment of Barnes &
Noble Education, Inc. (NYSE: BNED), which includes
bartleby® and Student Brands. DSS expands
Learneo's suite of supplemental learning technologies with multiple
subscription-based solutions offering high-quality educational
content, as well as study and writing support and tools across
several languages.
"Learneo is shaping a world where everyone has the resources to
learn and achieve their fullest potential," said Andrew Grauer, CEO of Learneo. "The addition of
DSS to our suite of digital study and writing solutions, helps us
deliver on our vision by expanding our educational offering and
diversifying Learneo's reach to new audiences and markets
worldwide."
In December 2022, Learneo
established an ambitious plan to develop and acquire productivity
and learning technologies. The acquisition of DSS quickly follows
the Company's acquisition of the AI-powered multilingual writing
platform, LanguageTool, last month. It is also the Company's third
acquisition since its $395 million
series C funding round. Learneo now comprises eight business lines
including CliffsNotes, Course Hero, DSS (bartleby® and
Student Brands), LanguageTool, LitCharts, QuillBot, Scribbr, and
Symbolab.
At a time when the market is massively fragmented and
experiencing accelerated change, Learneo's platform of businesses
is pioneering advances in productivity and learning through AI and
emergent technologies to enhance learning, skill development and
improve communications, for anyone, anywhere, and at any time.
Learn more about Learneo's platform of businesses here.
About Learneo
Learneo is pioneering a platform of
productivity and learning businesses. The platform of businesses
includes CliffsNotes, the original and iconic study guide company;
Course Hero, an online learning platform of academic resources;
LanguageTool, a multilingual writing platform; LitCharts, a
creator of literature resources; QuillBot, an AI-powered writing
companion; Scribbr, a multilingual academic proofreading service,
and Symbolab, an AI-based mathematics resource. The company
has office hubs in the U.S., Canada, Germany, Israel, India, and the
Netherlands.
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SOURCE Learneo