The Next Chapter for Akademos
I am excited to share the news that Akademos has been acquired by VitalSource, a global leader in digital course content distribution and learning platforms.
This is a big step – and growth opportunity – for our business and our team. This past fall, over 50% of the materials we delivered were digital in nature, up from 13% just six years ago. As we looked to the future, it was clear that joining forces with a digital provider would be critical to better realizing our mission and vision in a truly sustainable way. Not only is VitalSource the market leader, (its platforms are used by 18 million users worldwide annually) they share our belief that every student has a right to affordable educational materials. Together with VitalSource, we can now offer institutions and campus stores the most comprehensive range of choices in how they deliver those materials to best meet the unique needs of their campus and students.
While news like this naturally brings questions – and we will share more in the coming weeks and months – please know that our customers will continue to receive the top-notch service they are accustomed to, along with an enhanced ability to serve those customers with an expanded slate of offerings.
I am confident that VitalSource is the right partner for us. Kent and the entire VitalSource team have been incredibly welcoming, and I hope you’ll take a second to read his thoughts about this news and why our complementary expertise and infrastructure are a great fit for them, too. Together, we can expand access to learning materials for millions of students while innovating to help our partners succeed. We are ready and excited for our next chapter.