Follett Corporation Acquires Fourteen40 Inc.

Mar 28, 2008


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Follett Corporation, a company that provides products and services to the educational marketplace, announced the acquisition of technology firm Fourteen40 Inc., a provider of Web 2.0 social networking for collaborative learning. Financial terms of the transaction were not disclosed. The acquisition includes Fourteen40's social networking solution called CafeScribe, an online site at which students can browse, purchase and download eBooks that they need for class. Once the eBook is downloaded, the students use a digital content reader called MyScribe to read and annotate the eBook, search the internet and share notes with others as they study. The social networking tools within CafeScribe give students the option to invite others into the virtual equivalent of study groups.

(www.follett.com)