Intel Acquires Digital Textbook Software Company Kno, Inc.
The chip giant late Friday said it is buying Kno and taking on its 95 employees, the latest step in bolstering an Intel sideline that includes designs for education-oriented laptops and a tablet aimed at the classroom.
From the Intel Education Blog:
The acquisition of Kno boosts Intel’s global digital content library to more than 225,000 higher education and K-12 titles through existing partnerships with 75 educational publishers. Even more, the Kno platform provides administrators and teachers with the tools they need to easily assign, manage and monitor their digital learning content and assessments.
From Venture Beat
The price of the deal was not disclosed, but it could not have come cheap, given that Kno has raised a little over $73 million in venture capital from top firms like Andreessen Horowitz and SV Angel. As we reported, the company was under pressure to generate real revenues to satisfy its investors.
See Also: Key Features of Kno (via Kno Web Site)
See Also: More on Intel’s Education Solutions
See Also: Kno Delivers New Platform for Elsevier’s Pageburst Digital Books (via Elsevier; July 2013)
See Also: Kno: Reimagining the school textbook (via SF Chronicle; May 2013)
See Also: Kno wants to help publishers turn static files into interactive content (via paidContent; Feb 2013)
Interview with Kno CEO, Osman Rashid (March 14, 2013)
Filed under: Companies (Publishers/Vendors), Elsevier, Interviews, Libraries, News, Profiles, Video Recordings
About Gary Price
Gary Price (gprice@gmail.com) is a librarian, writer, consultant, and frequent conference speaker based in the Washington D.C. metro area. He earned his MLIS degree from Wayne State University in Detroit. Price has won several awards including the SLA Innovations in Technology Award and Alumnus of the Year from the Wayne St. University Library and Information Science Program. From 2006-2009 he was Director of Online Information Services at Ask.com. Gary is also the co-founder of infoDJ an innovation research consultancy supporting corporate product and business model teams with just-in-time fact and insight finding.
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