Ingram Content Group (“Ingram”) has closed a transaction to sell VitalSource Technologies LLC to Francisco Partners, a leading global investment firm that specializes in partnering with technology businesses.
Long-standing Ingram executive and VitalSource President Kent Freeman has been a driving factor in their recent successes and will transition along with VitalSource to the Francisco Partners team.
Ingram first acquired VitalSource in 2006 with an eye to grow it into a larger digital learning platform that could serve the higher-ed market and more. This was part of a larger effort by Ingram to help the book industry leverage technology to transform the way content is accessed and in turn, the way the book industry works.
William Blair & Company acted as exclusive financial advisor to Ingram in connection with the sale.
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