Thursday, 10 March 2016
B&N Education Buys LoudCloud Systems for $17.9m
LoudCloud's platforms include a competency based courseware platform, a learning analytics platform and services, an eReading product, and a learning management system (LMS). Its software captures and analyzes key behavioral and performance metrics from students, allowing educators to monitor and improve student outcomes.
The acquisition of LoudCloud closed on March 4, 2016 for a purchase price of $17.9 million and was financed completely with cash from operations, and will prodive B&N Education with a new revenue model for the Company's digital business, allowing them to better support the more than 250,000 faculty and 5 million students at the more than 740 colleges and universities it serves.