Tuesday 21 March 2023

US-based digital content delivery and learning platform provider VitalSource has acquired Akademos, the company said.

This acquisition unites two organizations with the purpose of driving student success, affordability, and impact through next-generation technology and brings together complementary course materials distribution expertise.

This acquisition greatly accelerates and enhances VerbaOne, VitalSource's recently announced Equitable Access program for independent campus stores.

The course materials market has been transformed in recent years by digital-first, day-one access programs, including Inclusive Access and the more comprehensive EA model, which offers all course materials at a predictable, flat-rate for students.

Acquiring Akademos' distribution capabilities and analytics technology enhances VitalSource's digital-first offerings and provides more complete digital and physical solutions, better enabling VitalSource to support store and student success.

A longtime leader in the education industry, VitalSource's products and technologies, including the leading learning platform, Bookshelf, are used by more than 18 m learners worldwide every year.

This move allows VitalSource to continue to advance its mission to make learning accessible and affordable for students everywhere, and further solidifies VitalSource's position as a leading curriculum delivery and learning platform provider.

Akademos, founded in 1999, has been in building technology to create efficient, cost-effective course materials delivery solutions.

In addition to their supply chain expertise and EA innovations, their work in analytics and syllabus management capabilities will enable VitalSource to provide a more complete set of capabilities to campus stores and institutions.

Akademos' 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.

Tyton Partners served as the exclusive financial advisor to Akademos.

VitalSource Technologies is an education technology solutions provider committed to helping partners create, deliver, and distribute affordable, accessible, and impactful learning experiences worldwide.