Cengage Acquires WebAssign, Strengthening Market Position in Science, Technology and Math

Our firm acted as exclusive financial advisor to WebAssign’s majority shareholder in the Company’s sale to Cengage Learning. WebAssign’s web-based automated grading, assistive learning, classroom management, and digital courseware platform has established the Company on the forefront of the self-published, Open Education Resource, and instructor-created content movement whilst working with publishers across the board to provide students and teachers a positive and successful teaching and learning experience.

Cengage Learning is a leading educational content, technology and services company for the higher education and K-12, professional and library markets worldwide. The company provides superior content, personalized services and course-driven digital solutions that accelerate student engagement and transform the learning experience.

Read the press release here

has been acquired by

Date: September 2016

Transaction Type: Private Company, Sell-Side

Team Spotlight