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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
303:, 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.
202:
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
281:
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
277:
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.
193:
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.
1190:
1340:
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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.
1212:
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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
1677:
1264:
942:"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".
241:
In 2000, Thomson
Learning was created out of a restructuring of International Thomson Publishing. Later that year Thomson acquired the higher education title of
1712:
500:
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.
1409:
572:
783:
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".
1034:
1378:
1085:
253:. 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
1317:
1108:
269:. In 2011, Cengage Learning acquired the National Geographic Society's school publishing unit, and combined this school business with the Global
1692:
1056:
1142:
218:
entered the publishing business by buying
Wadsworth Publishing in 1979. In 1981 International Thomson purchased the publishing operations of
1389:
868:
641:
317:
In addition to organic growth, Cengage has expanded through acquisitions within the publishing industry. Notable acquisitions include:
265:
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
1697:
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1126:
901:
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257:, with an estimated value of up to US$ 5 billion. The company was bought by a private equity consortium consisting of
1439:
554:
1105:
1602:
509:
700:"University of Missouri System Chooses Cengage Unlimited Subscriptions to Save Students Money on Course Materials"
569:
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in 1986. In 1992, Thomson acquired Course Technology. In 1995, Thomson acquired educational reference publisher
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222:, including Van Nostrand Reinhold and Delmar. International Thomson acquired reference publisher
1634:
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1209:"Boston ed-tech firm Cengage Learning announces the expansion of LearnLaunch to Latin America"
876:
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179:, professional, and library markets. It operates in more than 20 countries around the world.
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190:
1410:"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
175:
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
919:"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.
1226:
1585:
615:"Ed publishing firm Cengage will move into new Pier 4 building – The Boston Globe"
299:
In May 2019, Cengage announced its potential merger with another major publisher,
28:
951:
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825:
814:
Diamond, Howard (November 24, 1992). "Thomson Acquires Course Technology, Inc".
800:
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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
176:
483:
Since 2015, South-Western products have been branded as Cengage Learning.
1624:
1140:
Publisher's Bankruptcy Filing Comes as Market for Print Textbooks Shrinks
546:
544:
1292:"College textbook merger raises 'serious concern' among U.S. lawmakers"
752:"Sale to International Thomson of Publisher Is Set for $ 66 Million".
659:"Boston publisher launches a Netflix for textbooks – The Boston Globe"
226:
in 1985. International Thomson acquired South-Western Publishing from
432:
ePortfolio services for learning, reflection, and career advancement
369:
266:
57:
721:
Mehegan, David (January 26, 2002). "Little, Brown Shrinking Again".
1021:
1019:
590:"Global Publishing Leaders 2017: Cengage Learning Holdings II LP"
296:
In November 2016, Cengage Learning rebranded as simply Cengage.
1530:
1318:"McGraw-Hill, Cengage Jointly Agree to Terminate Planned Merger"
486:
Cengage Unlimited, a SaaS solution, launched on August 1, 2018.
359:
246:
1534:
1086:
Apax's Cengage Buying National Geographic's School Publisher
1520:
445:
Online instructional application for faculty and students.
161:
410:
Publishing for K-12 schools and English language programs
1525:
421:
Learning management systems and adaptive education tools
869:"Metro Business; John Wiley Acquires A Trade Book Unit"
1728:
Companies that filed for Chapter 11 bankruptcy in 2013
1521:
National Geographic Learning, part of Cengage Learning
1188:
Cengage exits bankruptcy, focuses on e-books in Boston
1059:(Press release). Nelnet. July 27, 2006. Archived from
1688:
Educational publishing companies of the United States
1399:
No Shelf Required – Wright State University Libraries
480:, Milady, MindTap, and National Geographic Learning.
309:
In August 2021, Cengage rebranded as Cengage Group.
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83:
75:
64:
53:
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648:CAUL (Council of Australian University Librarians)
1508:.com. June 26, 2015. Retrieved September 7, 2015.
1683:Book publishing companies based in Massachusetts
1465:"There's a new way to find South-Western titles"
1440:"Cengage Group Completes Acquisition of Infosec"
1718:Privately held companies based in Massachusetts
399:Paid search engine of newspapers and magazines
1496:"The World's 57 Largest Book Publishers, 2015"
1160:"Textbook publisher quits Stamford for Boston"
923:. New York, N.Y. October 27, 2000. p. 1.
1546:
1474:, Cengage Learning. Retrieved April 8, 2017.
678:"Promising Early Sales for Cengage Unlimited"
234:. In 1997, Van Nostrand Reinhold was sold to
79:Educational content, technology, and services
8:
1360:Cengage Buys Houghton Mifflin's College Unit
966:"Wadsworth buys F.E. Peacock Publishers Inc"
21:
946:. New York, N.Y. June 12, 2000. p. 1.
725:(3rd ed.). Boston, Mass. pp. –1.
1553:
1539:
1531:
1104:Edgecliffe-Johnson, Andrew (July 6, 2013)
991:Thomson to put learning unit on the block.
570:Company Overview of Cengage Learning, Inc.
306:The merger was called off on May 1, 2020.
27:
20:
756:. New York, N.Y. May 8, 1985. p. 1.
1708:Publishing companies established in 2007
1106:Debt-laden Cengage in hunt for new chief
319:
249:, and the test prep publisher Arco from
1703:Education companies established in 2007
1027:"Cengage Learning Files for Bankruptcy"
902:"PW: Thomson Learning Adapts to Market"
529:Global Publishing Leaders 2014: Cengage
520:
1678:American companies established in 2007
1420:from the original on November 16, 2016
676:McKenzie, Lindsay (November 8, 2018).
639:Gale : A Cengage Learning Company
407:National Geographic School Publishing
1265:"McGraw-Hill, Cengage Agree to Merge"
1037:from the original on November 8, 2014
702:. Business Insider. November 16, 2018
494:In 2016, based on its 2015 revenues,
16:American educational products company
7:
1713:2007 establishments in Massachusetts
1127:Executive Profile – David H. Shaffer
840:"Thomson acquires Peterson's Guides"
550:Company Info – Wall Street Journal.
340:Online continuing education courses
867:Chen, David W. (October 10, 1997).
14:
1238:McKenzie, Lindsay (May 2, 2019).
1186:Borchers, Callum (April 1, 2014)
1149:The Chronicle of Higher Education
989:Thomas, Helen (October 25, 2006)
360:Houghton Mifflin College Division
1584:
1215:from the original on May 2, 2015
1138:Howard, Jennifer (July 3, 2013)
216:International Thomson Publishing
131:
130:
1526:ed2go, part of Cengage Learning
1004:Thomson to sell education units
993:FT Alphaville. Financial Times.
1485:eLearning Inside News: Cengage
1358:MacFadyen, Ken (June 9, 2008)
1336:MacFadyen, Ken (June 9, 2008)
1240:"Rival Publishers Join Forces"
351:Professional reference series
323:Date of acquisition announced
146:
60:, Massachusetts, United States
1:
1693:Textbook publishing companies
1206:Shulman, Eden (Feb 12, 2015)
1084:Jinks, Beth (June 24, 2011)
1057:"Nelnet Acquires Peterson's"
970:San Francisco Business Times
820:. New York, N.Y. p. 1.
787:. New York, N.Y. p. 1.
119:National Geographic Learning
1390:Polanka, Sue (Dec 16, 2008)
1193:September 15, 2014, at the
41:; 17 years ago
1744:
1501:November 15, 2015, at the
510:Books in the United States
380:Gatlin Education Services
1698:Companies based in Boston
1582:
1569:Academic and professional
1343:January 29, 2016, at the
644:October 17, 2013, at the
26:
386:for education providers
1723:Apax Partners companies
1603:Charles Scribner's Sons
575:August 9, 2017, at the
291:University of Chihuahua
1470:April 8, 2017, at the
1416:. September 27, 2016.
1111:July 14, 2012, at the
1091:July 31, 2016, at the
557:June 18, 2015, at the
534:June 12, 2015, at the
418:Learning Objects, Inc
263:OMERS Capital Partners
205:University of Missouri
1395:June 5, 2015, at the
1365:June 5, 2015, at the
1165:Associated Press News
1145:May 12, 2015, at the
1009:June 5, 2015, at the
301:McGraw-Hill Education
284:Stamford, Connecticut
236:John Wiley & Sons
54:Headquarters location
1620:G. K. Hall & Co.
906:PublishersWeekly.com
594:PublishersWeekly.com
538:publishersweekly.com
98:Cengage Learning PTR
1369:themiddlemarket.com
1116:The Financial Times
1002:(October 25, 2006)
785:Wall Street Journal
754:Wall Street Journal
476:, Education To Go,
255:Thomson Corporation
183:Company information
23:
1244:insidehighered.com
873:The New York Times
848:. October 30, 1995
680:. Inside Higher Ed
391:December 16, 2008
384:Web-based training
1660:
1659:
1608:HighBeam Research
1483:(August 4, 2018)
1270:Publishers Weekly
845:Publishers Weekly
579:BloombergBusiness
497:Publishers Weekly
465:
464:
454:InfoSec Institute
395:HighBeam Research
348:PAL Publications
220:Litton Industries
198:Cengage Unlimited
170:
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76:Publication types
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527:(June 27, 2014)
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157:Official website
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437:September 2016
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415:September 2015
404:August 1, 2011
364:Publishing for
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293:in Mexico.
1667:Categories
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1013:Boston.com
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232:Peterson's
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65:Key people
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1637:Reference
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243:Harcourt
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1673:Cengage
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1576:Chilton
1444:Infosec
1414:Cengage
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1249:June 6,
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1595:Gale
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1426:2016
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