November 01, 2014 5:13 AM ET

Internet and Catalog Retail

Company Overview of CourseSmart, LLC

Company Overview

CourseSmart, LLC operates as a supplier of digital course materials. It offers online access to digital textbooks for instructors and students. The company also provides CourseSmart Reader, a digital reading platform. CourseSmart, LLC was founded in 2007 and is based in San Mateo, California. As of March 3, 2014, CourseSmart, LLC operates as a subsidiary of VitalSource Technologies, Inc.

901 Mariners Island Boulevard

Suite 545

San Mateo, CA 94404

United States

Founded in 2007

Phone:

650-295-3832

Fax:

415-449-3516

Key Executives for CourseSmart, LLC

Chief Executive Officer
Chief Financial Officer
Executive Vice President of Marketing
Senior Vice President of Product Management
Managing Director of International
Compensation as of Fiscal Year 2014.

CourseSmart, LLC Key Developments

CourseSmart and Naseej Sign Exclusive Agreement Bringing eTextbooks to the Arab World

CourseSmart® announced a strategic partnership with Naseej. This agreement will provide Higher Education Institutions in the region with access to the library of eTextbook resources from over 50 publishers. According to the agreement, Naseej will provide hundreds of higher education institutions across the region with access to CourseSmart's expansive catalogue of textbook titles in digital format. Through CourseSmart's platform, students, faculty, and institutions in the Arab world will now have access to eTextbooks and digital tools that will enhance their learning experience and encourage further engagement. These benefits include: Access to the world's selection of eTextbooks and other digital course materials; eTextbooks that are accessible online and offline to all students, including those with print related disabilities; Easy navigation with note taking, search, copy/paste and highlight features; Access to recent CourseSmart product enhancements including the availability of CourseSmart Analytics and interactive content, both of which increase student engagement and cost-savings; CourseSmart eTextbooks are device agnostic, supported by any web-enabled device including laptops, iPad and Android mobile devices.

CourseSmart, LLC Drives Industry Innovation with New Products and Business Models

CourseSmart, LLC announced the availability of interactive content, Flexible Rental Options and Subscription Packs, all of which share the common benefits of increasing innovation, engagement and cost-savings in the higher education industry. CourseSmart now offers tools to facilitate the creation and delivery of interactive content, providing publishing partners, students and higher education institutions with more immersive, visual and engaging CourseSmart eTextbooks. CourseSmart offers users access to embedded audio and video, quizzes, pop-up glossary terms, 3D models, and many other assets, helping students increase their engagement with course materials and better understand key concepts. CourseSmart uses the most current standards, EPUB 3.0 and HTML5, allowing publishers to create, manage and publish highly interactive digital content more efficiently and affordably than ever before. Additionally, CourseSmart's reading system uses responsive design and adaptive layouts to optimize the reading experience for a variety of devices ranging from traditional computers, tablets and smartphones without requiring special software downloads. Initial publisher response to CourseSmart's interactive content development capabilities has garnered high interest and enthusiastic response, and CourseSmart expects this new capability, along with increasing industry demand for interactive content, to encourage publishers to prioritize and grow their interactive offerings to make them more widely available to students. CourseSmart announced the availability of Flexible Rental Options, allowing students and institutional purchasers to select the rental length that best fits their needs, including an unlimited option for students who would like to access the title past the term of their course and the option to own the eTextbook for life. Flexible Rental Options provide benefits for publishers as well, increasing their ability to appeal to customers at different price points. CourseSmart currently has over 15,000 Flexible Rental Option titles available to students and will continue to add new options. Rental duration options are set by the publisher and vary between titles. The availability of Flexible Rental Options comes on the heels of last week's launch of CourseSmart Subscription Packs, a flat fee model which allows students to purchase 6 bookshelf slots for only $200. Students are now able to fill their bookshelf with all of their eText needs for less than the cost of one new print textbook. Within only one week of launch, CourseSmart Subscription Packs are on pace to become one of the company's most successful product offerings ever, with thousands of students ordering CourseSmart Subscription Packs within the first month of availability. Students have responded enthusiastically to the cost-savings and convenience of CourseSmart Subscription Packs, which gives them their selected titles for 150 days, providing unlimited access to their bookshelf online, offline and through CourseSmart's iOS, AOS and mobile web Apps.

CourseSmart Launches New Flat Fee Subscription Packs for Students

CourseSmart announced the launch of CourseSmart Subscription Packs, an one-stop shopping experience where students can buy all of their eTextbooks for a flat fee over a fixed access period. This simple, convenient business model allows students access to all their required course materials at a significant cost savings when compared to the traditional a la carte model. According to College Board, the average college student spends $1,200 on textbooks and supplies every year and with student debt continuing to climb, students are increasingly searching for new ways to lower costs. CourseSmart Subscription Packs offer students the ability to purchase 6 bookshelf slots for $200 and choose from CourseSmart's catalog of more than 40,000 titles from more than 50 publishers. Their bookshelf slots will then be available for 150 days, the length of the subscription pack access period. During this period, students have unlimited access to their bookshelf online, offline and through CourseSmart's iOS, AOS and mobile web Apps. CourseSmart's Subscription Pack model helps students reduce costs and there are many product features of eTextbooks that save time as well. For example, students can search by keyword in the book or their CourseSmart bookshelf, as well as highlight and take notes within the eTextbook. All of this data can be compiled into a study guide that links back to original textbook pages, saving time and making studying more efficient. CourseSmart is available on any web-enabled device that students already own through iOS Apps, AOS Apps and mobile web Apps, ensuring students have access to their materials anytime, anywhere.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
March 3, 2014
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