Cengage Learning has filed a notice of an exempt offering of securities to raise $524,999,970.00 in New Equity Investment.
According to filings with the U.S. Securities and Exchange Commission, Cengage Learning is raising $524,999,970.00 in new funding. Sources indicate that as part of senior management Chief Executive Officer, Michael Hansen played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.
About Cengage Learning
With more than 100 years serving learners, Cengage Group is a global edtech company that enables student choice. No matter how, where, when or why someone wants to learn, our portfolio of education businesses supports all students, from middle school through graduate school and skills education, with quality content and technology. Collectively, our three business units Cengage Academic, Cengage Work and Cengage Select help millions of students each year in more than 125 countries achieve their education and career goals and lead choice-filled lives.
To learn more about Cengage Learning, visit http://www.cengagegroup.com/
Contact:
Michael Hansen, Chief Executive Officer
617-289-7700
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