Industry News
Cengage Learning Acquires WebAssign
Cengage Learning has acquired a provider of digital learning solutions for higher education. The company acquired WebAssign in an effort to strengthen Cengage’s market position by offering three additional platforms in science, technology and math.
WebAssign’s flagship product of the same name is used by more than 30 publishers, academic institutions and OER providers to deliver content to more than 1.5 million students every year. “More than nine million students have used WebAssign to submit more than 1.7 billion answers to homework assignments, tests and assessments,” according to a prepared statement.
Cengage currently uses Enhanced WebAssign for its digital offerings in math, statistics and physics. With the new acquisition, Cengage will expand its offerings to its customers in more than 125 countries around the world.
“The acquisition of WebAssign is a logical next step as we aggressively invest in student-focused digital products and platforms. Adding WebAssign to our offerings will give our customers more choices of platforms, including our own MindTap and Learning Objects,” said Michael Hansen, CEO of Cengage, in a statement.
Terms of the acquisition were not disclosed. Learn more about the offerings on the WebAssign site.
About the Author
Sri Ravipati is Web producer for THE Journal and Campus Technology. She can be reached at [email protected].
