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Weekly News Digest

March 27, 2008 — In addition to this week's NewsBreaks article and the monthly NewsLink Spotlight, Information Today, Inc. (ITI) offers Weekly News Digests that feature recent product news and company announcements. Watch for additional coverage to appear in the next print issue of Information Today. For other up-to-the-minute news, check out ITI’s Twitter account: @ITINewsBreaks.

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Follett Corp. Acquires Fourteen40 and Its CaféScribe Site

Follett Corp. (www.follett.com) 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 CaféScribe (www.cafescribe.com), an online site at which students can browse, purchase, and download ebooks that they need for class.

Once an 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 CaféScribe give students the option to invite others into the virtual equivalent of study groups. Follett and Fourteen40 successfully piloted CaféScribe at a number of universities and community colleges last semester. Fourteen40 will be integrated within Follett Digital Resources, which supports all Follett businesses as the source of digital content and media for customers.

Follett Corp. is a $2.3 billion, privately held company that provides products, services, and solutions to the educational marketplace. Follett is a provider of library materials and library technology to K–12 schools, the operator of college bookstores, and a distributor of textbooks to institutions at all levels of education. Follett Corp. was founded in 1873 and is headquartered in River Grove, Ill. Fourteen40, Inc., based in Salt Lake City, derives its name from the year 1440 when Gutenberg invented the printing press.

Source: Follett Corp.



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