HOME

TheInfoList



OR:

Cengage Group is an American educational content, technology, and services company for the
higher education Higher education is tertiary education leading to award of an academic degree. Higher education, also called post-secondary education, third-level or tertiary education, is an optional final stage of formal learning that occurs after compl ...
,
K-12 K-1 is a professional kickboxing promotion established in 1993, well known worldwide mainly for its heavyweight division fights and Grand Prix tournaments. In January 2012, K-1 Global Holdings Limited, a company registered in Hong Kong, acqui ...
, professional, and library markets. It operates in more than 20 countries around the world.(Jun 27, 2014
Global Publishing Leaders 2014: Cengage
publishersweekly.com
Company Info - Wall Street Journal
Cengage Learning
Company Overview of Cengage Learning, Inc.
BloombergBusiness


Company information

The company is headquartered in Boston, Massachusetts, and has approximately 5,000 employees worldwide across nearly 38 countries. It was headquartered at its Stamford, Connecticut, office until April 2014.
Gale A gale is a strong wind; the word is typically used as a descriptor in nautical contexts. The U.S. National Weather Service defines a gale as sustained surface winds moving at a speed of between 34 and 47 knots (, or ).University of Missouri The University of Missouri (Mizzou, MU, or Missouri) is a public land-grant research university in Columbia, Missouri. It is Missouri's largest university and the flagship of the four-campus University of Missouri System. MU was founded in ...
is the first university to offer this plan to all students, effective January 2019.


History

International Thomson Publishing International Thomson Organization (ITO) was a holding company for interests in publishing, travel, and natural resources, that existed from 1978 to 1989. It was formed as a reorganisation of the Thomson Organization, which had been founded by Ro ...
entered the publishing business by buying Wadsworth Publishing in 1979. In 1981, International Thomson purchased the publishing operations of
Litton Industries Litton Industries was a large defense contractor in the United States named after inventor Charles Litton Sr. During the 1960s, the company began acquiring many unrelated firms and became one of the largest conglomerates in the United States. A ...
, including Van Nostrand Reinhold and Delmar. International Thomson acquired reference publisher
Gale Research Gale is a global provider of research and digital learning resources. The company is based in Farmington Hills, Michigan, west of Detroit. It has been a division of Cengage since 2007. The company, formerly known as Gale Research and the Gale Gro ...
in 1985. International Thomson acquired South-Western Publishing from SFN in 1986. In 1992, Thomson acquired Course Technology. In 1995, Thomson acquired educational reference publisher
Peterson's Peterson's, founded in 1966, is an American company that has a wide range of print and digital products and services, including test preparation, career exploration tools, memory retention techniques, and school, financial aid, and scholarship s ...
. In 1997, Van Nostrand Reinhold was sold to
John Wiley & Son John Wiley & Sons, Inc., commonly known as Wiley (), is an American multinational publishing company founded in 1807 that focuses on academic publishing and instructional materials. The company produces books, journals, and encyclopedias, in ...
. In 2000, Thomson Learning was created out of a restructuring of International Thomson Publishing. Later that year Thomson acquired the higher education title of Harcourt from
Reed Elsevier RELX plc (pronounced "Rel-ex") is a British multinational information and analytics company headquartered in London, England. Its businesses provide scientific, technical and medical information and analytics; legal information and analytics; ...
, and the test prep publisher Arco from
IDG Books International Data Group (IDG, Inc.) is a market intelligence and demand generation company focused on the technology industry. IDG, Inc.’s mission is centered around supporting the technology industry through research, data, marketing technol ...
. In 2002, Wadsworth acquired F.E. Peacock Publishers. It was announced on October 25, 2006 that Thomson Learning would be offered for sale by the
Thomson Corporation The Thomson Corporation was one of the world's largest information companies. It was established in 1989 following a merger between International Thomson Organisation Ltd (ITOL) and Thomson Newspapers. In 2008, it purchased Reuters Group to fo ...
, with an estimated value of up to US$5 billion. The company was bought by a private equity consortium consisting of
Apax Partners Apax Partners LLP is a British private equity firm, headquartered in London, England. The company also operates out of six other offices in New York, Hong Kong, Mumbai, Tel Aviv, Munich and Shanghai. As of December 2017, the firm, including its ...
and
OMERS Capital Partners The Ontario Municipal Employees Retirement System (OMERS) is a Canadian public pension fund, headquartered in Toronto, Ontario. OMERS is a defined benefit, jointly sponsored, multi-employer public pension plan created in 1962 by Ontario provinci ...
for US$7.75 billion, and the name was changed to Cengage Learning on 24 July 2007. In 2007, Cengage Learning sold Peterson's to
Nelnet Nelnet, Inc., is a United States-based conglomerate that deals in the administration and repayment of student loans and education financial services. The company is headquartered in Lincoln, Nebraska. The company provides a range of products ...
. In 2011, Cengage Learning acquired the National Geographic Society's school publishing unit, and combined this school business with the Global
ELT ELT may refer to: Education * English language teaching * Expanded learning time, an American education strategy * Kolb's experiential learning theory Mathematics and science * Ending lamination theorem * Extremely large telescope, a type of ...
business to create and launch the National Geographic Learning brand. The global brand combined the former Cengage Learning ELT and National Geographic School Publishing imprints and sub-brands under one unified identity.Jinks, Beth (June 24, 2011
Apax's Cengage Buying National Geographic's School Publisher
Bloomberg.com
In September 2013, David Shaffer retired as chairman of the company. He had previously been executive vice president of The Thomson Corporation from 2005 to 2006, and then President and CEO of both Thomson Publishing International and Thomson Learning. The company had acquired a large amount of debt through the course of its initial buyout and subsequent acquisitions, and had seen declining revenue through a shrinking market for paper textbooks. Cengage Learning filed for bankruptcy under Chapter 11 on July 2, 2013.Howard, Jennifer (July 3, 2013
Publisher's Bankruptcy Filing Comes as Market for Print Textbooks Shrinks
The Chronicle of Higher Education
Cengage Learning emerged from bankruptcy on April 1, 2014, eliminating approximately $4 billion of its funded debt and securing $1.75 billion in exit financing. Post-bankruptcy, the company decided to focus on developing digital study guides and other educational supplements, as well as hard-copy textbooks. The company moved its headquarters from
Stamford, Connecticut Stamford () is a city in the U.S. state of Connecticut, outside of Manhattan. It is Connecticut's second-most populous city, behind Bridgeport. With a population of 135,470, Stamford passed Hartford and New Haven in population as of the 202 ...
to Boston. In January 2015, they announced expansion of their LearnLaunch Accelerator program, which provides seed funding and intensive coaching to promising startups, to the
University of Chihuahua , mottoeng = Strive to achieve, achieve to give , established = 8 December 1954 , type = Public university , rector = Heliodoro Araiza Reyes (Interino) , faculty = , staff = , ...
in Mexico. In November 2016, Cengage Learning rebranded as simply Cengage. In May 2019, Cengage announced its potential merger with another major publisher,
McGraw-Hill Education McGraw Hill is an American educational publishing company and one of the "big three" educational publishers that publishes educational content, software, and services for pre-K through postgraduate education. The company also publishes referen ...
, thereby creating a duopoly with Pearson in the market and would have used McGraw-Hill as the merged corporate name with Michael Hansen as CEO. It is estimated Cengage has 24% of the market while McGraw-Hill has 21%, Pearson, the current market leader, has about 40 percent of the market and Wiley has about 7 percent. The merger was called off on 1 May 2020. In August 2021, Cengage rebranded as Cengage Group.


Acquisitions

In addition to organic growth, Cengage has expanded through acquisitions within the publishing industry. Notable acquisitions include:


Brands/imprints

The company's product lines include 4LTR Press, Aplia, Cengage Learning PTR, Chilton, Education To Go,
Gale A gale is a strong wind; the word is typically used as a descriptor in nautical contexts. The U.S. National Weather Service defines a gale as sustained surface winds moving at a speed of between 34 and 47 knots (, or )."There’s a new way to find South-Western titles"
, Cengage Learning. Retrieved April 8, 2017.
Cengage Unlimited, a SaaS solution, launched on August 1, 2018. (Aug 04, 2018
eLearning Inside News: Cengage


Rankings

In 2016, based on its 2015 revenues, ''
Publishers Weekly ''Publishers Weekly'' (''PW'') is an American weekly trade news magazine targeted at publishers, librarians, booksellers, and literary agents. Published continuously since 1872, it has carried the tagline, "The International News Magazine of ...
'' ranked the company 14 out of 57 publishers worldwide, a decline of three slots from the previous year. The list includes both trade and educational publishers."The World's 57 Largest Book Publishers, 2015"
''publishersweekly''.com. Jun 26, 2015. Retrieved 2015-09-07.


See also

*
Books in the United States As of 2018, several firms in the United States rank among the world's biggest publishers of books in terms of revenue: Cengage Learning, HarperCollins, Houghton Mifflin Harcourt, McGraw-Hill Education, Scholastic, Simon & Schuster, and Wiley. ...


References


External links

*
National Geographic Learning, part of Cengage Learning

ed2go, part of Cengage Learning
{{Authority control American companies established in 2007 Book publishing companies based in Massachusetts Educational publishing companies of the United States Textbook publishing companies Companies based in Boston Education companies established in 2007 Publishing companies established in 2007 2007 establishments in Massachusetts Privately held companies based in Massachusetts Apax Partners companies Companies that filed for Chapter 11 bankruptcy in 2013