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bankruptcy on April 1, 2014, eliminating approximately $ 4 billion of its funded debt and securing $ 1.75 billion in exit financing. Post-bankruptcy, the company decided to focus on developing digital study guides and other educational supplements, as well as hard-copy textbooks. The company moved its headquarters from
314:, thereby creating a duopoly with Pearson in the market and would have used McGraw-Hill as the merged corporate name with Michael Hansen as CEO. It is estimated Cengage has 24% of the market while McGraw-Hill has 21%, Pearson, the current market leader, has about 40 percent of the market and Wiley has about 7 percent.
213:
On
December 5, 2017, Cengage announced Cengage Unlimited, a subscription service that allows students to pay for access to the company's entire digital higher education catalog by the semester or year, rather than buying individual textbooks. This service became available during summer 2018, and was
292:
The company had acquired a large amount of debt through the course of its initial buyout and subsequent acquisitions, and had seen declining revenue through a shrinking market for paper textbooks. Cengage
Learning filed for bankruptcy under Chapter 11 on July 2, 2013. Cengage Learning emerged from
288:
In
September 2013, David Shaffer retired as chairman of the company. He had previously been executive vice president of The Thomson Corporation from 2005 to 2006, and then President and CEO of both Thomson Publishing International and Thomson Learning.
204:
is
Cengage's library reference arm and specializes in e-research and educational publishing for libraries, schools and businesses. The company creates and maintains databases that are published online, in print, as e-books and in microform.
1201:
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business to create and launch the
National Geographic Learning brand. The global brand combined the former Cengage Learning ELT and National Geographic School Publishing imprints and sub-brands under one unified identity.
1223:
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710:
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The company is headquartered in Boston, Massachusetts, and has some 5,000 employees worldwide across nearly 38 countries. It was headquartered at its
Stamford, Connecticut, office until April 2014.
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In
January 2015, they announced expansion of their LearnLaunch Accelerator program, which provides seed funding and intensive coaching to promising startups, to the
1688:
1275:
953:"Thomson Learning Acquires ARCO Imprint from IDGB; Peterson's to Provide Consumers a Singular Resource for a Wide Range of Test-Prep Materials and Information".
252:
In 2000, Thomson
Learning was created out of a restructuring of International Thomson Publishing. Later that year Thomson acquired the higher education title of
1723:
511:
ranked the company 14 out of 57 publishers worldwide, a decline of three slots from the previous year. The list includes both trade and educational publishers.
1420:
583:
794:
Landro, Laura (October 15, 1986). "SFN to Sell Unit to Time For $ 520 Million – Sale of
Another Subsidiary To a Canadian Concern Is Set for $ 270 Million".
1045:
1389:
1096:
264:. In 2002, Wadsworth acquired F.E. Peacock Publishers. It was announced on October 25, 2006, that Thomson Learning would be offered for sale by the
1328:
1119:
280:. In 2011, Cengage Learning acquired the National Geographic Society's school publishing unit, and combined this school business with the Global
1703:
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entered the publishing business by buying
Wadsworth Publishing in 1979. In 1981 International Thomson purchased the publishing operations of
1400:
879:
652:
328:
In addition to organic growth, Cengage has expanded through acquisitions within the publishing industry. Notable acquisitions include:
276:
for US$ 7.75 billion, and the name was changed to Cengage Learning on July 24, 2007. In 2007, Cengage Learning sold Peterson's to
1708:
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268:, with an estimated value of up to US$ 5 billion. The company was bought by a private equity consortium consisting of
1450:
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1116:
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520:
711:"University of Missouri System Chooses Cengage Unlimited Subscriptions to Save Students Money on Course Materials"
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in 1986. In 1992, Thomson acquired Course Technology. In 1995, Thomson acquired educational reference publisher
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1220:"Boston ed-tech firm Cengage Learning announces the expansion of LearnLaunch to Latin America"
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190:, professional, and library markets. It operates in more than 20 countries around the world.
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1421:"Cengage Acquires WebAssign, Strengthening Market Position in Science, Technology and Math"
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Thomson Course Technology Acquires Education To Go To Expand Continuing Education Offerings
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is an American educational content, technology, and services company for higher education,
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Cengage Learning Acquired Gatlin Education Services. Was this a good decision? owler.com
930:"The Thomson Corporation to Acquire Select Harcourt Business Units From Reed Elsevier".
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is the first university to offer this plan to all students, effective January 2019.
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626:"Ed publishing firm Cengage will move into new Pier 4 building – The Boston Globe"
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In May 2019, Cengage announced its potential merger with another major publisher,
39:
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Diamond, Howard (November 24, 1992). "Thomson Acquires Course Technology, Inc".
811:
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The company's product lines include 4LTR Press, Aplia, Cengage Learning PTR,
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reported to be "in line with expectations" with its initial sales goal. The
187:
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Since 2015, South-Western products have been branded as Cengage Learning.
1635:
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Publisher's Bankruptcy Filing Comes as Market for Print Textbooks Shrinks
557:
555:
1303:"College textbook merger raises 'serious concern' among U.S. lawmakers"
17:
763:"Sale to International Thomson of Publisher Is Set for $ 66 Million".
670:"Boston publisher launches a Netflix for textbooks – The Boston Globe"
237:
in 1985. International Thomson acquired South-Western Publishing from
443:
ePortfolio services for learning, reflection, and career advancement
380:
277:
68:
732:
Mehegan, David (January 26, 2002). "Little, Brown Shrinking Again".
1032:
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601:"Global Publishing Leaders 2017: Cengage Learning Holdings II LP"
307:
In November 2016, Cengage Learning rebranded as simply Cengage.
1541:
1329:"McGraw-Hill, Cengage Jointly Agree to Terminate Planned Merger"
497:
Cengage Unlimited, a SaaS solution, launched on August 1, 2018.
370:
257:
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Apax's Cengage Buying National Geographic's School Publisher
1531:
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Online instructional application for faculty and students.
172:
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Publishing for K-12 schools and English language programs
1536:
432:
Learning management systems and adaptive education tools
880:"Metro Business; John Wiley Acquires A Trade Book Unit"
1739:
Companies that filed for Chapter 11 bankruptcy in 2013
1532:
National Geographic Learning, part of Cengage Learning
1199:
Cengage exits bankruptcy, focuses on e-books in Boston
1070:(Press release). Nelnet. July 27, 2006. Archived from
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Educational publishing companies of the United States
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No Shelf Required – Wright State University Libraries
491:, Milady, MindTap, and National Geographic Learning.
320:
In August 2021, Cengage rebranded as Cengage Group.
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659:CAUL (Council of Australian University Librarians)
1519:.com. June 26, 2015. Retrieved September 7, 2015.
1694:Book publishing companies based in Massachusetts
1476:"There's a new way to find South-Western titles"
1451:"Cengage Group Completes Acquisition of Infosec"
1729:Privately held companies based in Massachusetts
410:Paid search engine of newspapers and magazines
1507:"The World's 57 Largest Book Publishers, 2015"
1171:"Textbook publisher quits Stamford for Boston"
934:. New York, N.Y. October 27, 2000. p. 1.
1557:
1485:, Cengage Learning. Retrieved April 8, 2017.
689:"Promising Early Sales for Cengage Unlimited"
245:. In 1997, Van Nostrand Reinhold was sold to
90:Educational content, technology, and services
8:
1371:Cengage Buys Houghton Mifflin's College Unit
977:"Wadsworth buys F.E. Peacock Publishers Inc"
32:
957:. New York, N.Y. June 12, 2000. p. 1.
736:(3rd ed.). Boston, Mass. pp. –1.
1564:
1550:
1542:
1115:Edgecliffe-Johnson, Andrew (July 6, 2013)
1002:Thomson to put learning unit on the block.
581:Company Overview of Cengage Learning, Inc.
317:The merger was called off on May 1, 2020.
38:
31:
767:. New York, N.Y. May 8, 1985. p. 1.
1719:Publishing companies established in 2007
1117:Debt-laden Cengage in hunt for new chief
330:
260:, and the test prep publisher Arco from
1714:Education companies established in 2007
1038:"Cengage Learning Files for Bankruptcy"
913:"PW: Thomson Learning Adapts to Market"
540:Global Publishing Leaders 2014: Cengage
531:
1689:American companies established in 2007
1431:from the original on November 16, 2016
687:McKenzie, Lindsay (November 8, 2018).
650:Gale : A Cengage Learning Company
418:National Geographic School Publishing
1276:"McGraw-Hill, Cengage Agree to Merge"
1048:from the original on November 8, 2014
713:. Business Insider. November 16, 2018
505:In 2016, based on its 2015 revenues,
27:American educational products company
7:
1724:2007 establishments in Massachusetts
1138:Executive Profile – David H. Shaffer
851:"Thomson acquires Peterson's Guides"
561:Company Info – Wall Street Journal.
351:Online continuing education courses
878:Chen, David W. (October 10, 1997).
25:
1249:McKenzie, Lindsay (May 2, 2019).
1197:Borchers, Callum (April 1, 2014)
1160:The Chronicle of Higher Education
1000:Thomas, Helen (October 25, 2006)
371:Houghton Mifflin College Division
1595:
1226:from the original on May 2, 2015
1149:Howard, Jennifer (July 3, 2013)
227:International Thomson Publishing
142:
141:
1537:ed2go, part of Cengage Learning
1015:Thomson to sell education units
1004:FT Alphaville. Financial Times.
1496:eLearning Inside News: Cengage
1369:MacFadyen, Ken (June 9, 2008)
1347:MacFadyen, Ken (June 9, 2008)
1251:"Rival Publishers Join Forces"
362:Professional reference series
334:Date of acquisition announced
157:
71:, Massachusetts, United States
1:
1704:Textbook publishing companies
1217:Shulman, Eden (Feb 12, 2015)
1095:Jinks, Beth (June 24, 2011)
1068:"Nelnet Acquires Peterson's"
981:San Francisco Business Times
831:. New York, N.Y. p. 1.
798:. New York, N.Y. p. 1.
130:National Geographic Learning
1401:Polanka, Sue (Dec 16, 2008)
1204:September 15, 2014, at the
52:; 17 years ago
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1512:November 15, 2015, at the
521:Books in the United States
391:Gatlin Education Services
1709:Companies based in Boston
1593:
1580:Academic and professional
1354:January 29, 2016, at the
655:October 17, 2013, at the
37:
397:for education providers
1734:Apax Partners companies
1614:Charles Scribner's Sons
586:August 9, 2017, at the
302:University of Chihuahua
1481:April 8, 2017, at the
1427:. September 27, 2016.
1122:July 14, 2012, at the
1102:July 31, 2016, at the
568:June 18, 2015, at the
545:June 12, 2015, at the
429:Learning Objects, Inc
274:OMERS Capital Partners
216:University of Missouri
1406:June 5, 2015, at the
1376:June 5, 2015, at the
1176:Associated Press News
1156:May 12, 2015, at the
1020:June 5, 2015, at the
312:McGraw-Hill Education
295:Stamford, Connecticut
247:John Wiley & Sons
65:Headquarters location
1631:G. K. Hall & Co.
917:PublishersWeekly.com
605:PublishersWeekly.com
549:publishersweekly.com
109:Cengage Learning PTR
1380:themiddlemarket.com
1127:The Financial Times
1013:(October 25, 2006)
796:Wall Street Journal
765:Wall Street Journal
487:, Education To Go,
266:Thomson Corporation
194:Company information
34:
1255:insidehighered.com
884:The New York Times
859:. October 30, 1995
691:. Inside Higher Ed
402:December 16, 2008
395:Web-based training
1671:
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1619:HighBeam Research
1494:(August 4, 2018)
1281:Publishers Weekly
856:Publishers Weekly
590:BloombergBusiness
508:Publishers Weekly
476:
475:
465:InfoSec Institute
406:HighBeam Research
359:PAL Publications
231:Litton Industries
209:Cengage Unlimited
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87:Publication types
16:(Redirected from
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375:Publishing for
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461:March 2022
304:in Mexico.
1678:Categories
1461:August 22,
1024:Boston.com
527:References
243:Peterson's
103:4LTR Press
76:Key people
1663:WebAssign
1648:Reference
1334:Bloomberg
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963:445835057
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472:training
452:WebAssign
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340:Industry
262:IDG Books
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1636:InfoTrac
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515:See also
501:Rankings
254:Harcourt
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1684:Cengage
1641:Questia
1587:Chilton
1455:Infosec
1425:Cengage
1307:Reuters
1287:July 8,
1260:June 6,
1230:June 4,
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138:Revenue
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115:ed2go
106:Aplia
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1463:2022
1437:2016
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489:Gale
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175:.com
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239:SFN
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