Vital Source Acquires eTextbook Provider CourseSmart
The e-textbook platform Vital Source on Monday acquired CourseSmart, the academic publishing industry's door to the e-textbook market. The deal could signal a change in the publishers' attitudes toward digital educational materials.
Founded in 2007, CourseSmart was a consortium of five major academic publishers -- Cengage Learning, John Wiley & Sons, Macmillan Higher Education, McGraw-Hill Education and Pearson -- forming a common front in the e-textbook market. The company now estimates it offers more than 90 percent of e-textbooks used in higher education