Cambridge University Press (CUP), the publishing division of the UK's University of Cambridge, has announced an agreement to sell its subsidiary Global Grid for Learning (GGfL) to US-based EduTone. EduTone has acquired all of the shares of GGfL while CUP 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 EduTone Xchange Platform. The aim is to enhance 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 US and Australia. Julian Mobbs will continue to serve as Managing Director of GGfL with Robert Iskander becoming the newly appointed Chairman.
GGfL aims to connect teachers and students at all stages in education to single sources of digital multimedia content from multiple providers. Available online and through commonly used learning platforms, portals and educational software, GGfL seeks to provide teachers and students with seamless access to digital content.
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