EduTone Acquires Global Grid for Learning from Cambridge University Press to Become its Digital Content Marketplace for EducationPosted by Jason on July 27, 2011
Cambridge University Press and California-based EduTone today jointly announced an agreement for EduTone to merge Global Grid for Learning (GGfL), the Press’s innovative digital content aggregation business, into EduTone’s portfolio of education businesses.
EduTone has acquired all of the shares of GGfL and the Press has taken a minority interest in EduTone.
EduTone intends to keep GGfL as a wholly-owned subsidiary, and to integrate its products and services with the award-winning EduTone XchangeTM Platform, enhancing its collection of third-party licensed digital education content, creating global and regional content marketplaces, to be marketed to schools through distribution partners globally.
GGfL will also represent EduTone in Europe, Middle East and Africa, complementing EduTone’s current presence in the United States and Australia.
“The coming together of these two organisations will create a unique force in the education market,” said Robert Iskander, CEO of EduTone. “As the role of technology in schools continues to increase, we are pleased to be able to provide our partners and customers with one of the most comprehensive digital educational content collections in the world backed up by a first class integration platform. The passion displayed by both companies to create breakthrough, innovative services that meet the needs of schools is what will continue to drive our product suite forward and fuel our continued growth.”
Stephen Bourne, Chief Executive of Cambridge University Press, said: “The Press is proud to have pioneered Global Grid for Learning and we believe that EduTone has the ideal technology base and management focus to accelerate and strengthen its presence in school markets around the world.”
Julian Mobbs will continue to serve as Managing Director of GGfL with Robert Iskander becoming the newly appointed Chairman.