Dive Brief:
- Two Boston-based ed tech startups have joined forces with the acquisition of digital textbook maker Boundless by used textbook seller Valore.
- Valore started out offering students a way to compare student loan deals as SimpleTuition before acquiring ValoreBooks in 2012 and shifting into the used textbook market, BostInno reports.
- The acquisition is expected to help Valore make more than $100 million in revenue this year and bring the company closer to a public offering, according to the article.
Dive Insight:
With its acquisition of Boundless, Valore gains a foothold in the digital textbook space and will create a more powerful company as it faces competitors. Chegg, a California-based company that had its IPO in 2013, offers students the same opportunities to buy, rent, or sell physical textbooks, as well as buy digital versions. BostInno projects Valore’s IPO within the next two years.