As we enter 2019 and return to school and work, it’s clear that we’re finally in a digital-first world for learning materials.
Our internal stats really illustrate this macro trend. At this time last year, we had enabled a total of 7.8 million learners to access the learning materials that enabled them to excel in their pursuit of new skills and degrees. Now, we’ve almost doubled that number with over 15 million active learners; we rank in the top few hundred websites in the world during our busiest periods..
For VitalSource—and our institutions, schools, and large business customers—data privacy and security has always been a priority. Our goal is to provide our customers with the tools to support our mutual commitment.
Before the calendar resets for 2018 – and the majority of our institutions, campus stores, and publishers enter the next rush, and while companies plan 2018’s new learning programs – I wanted to take some time to reflect on 2017.
For 21 years we have been focused on helping our customer succeed, and that focus has brought us excitement, challenges, and transformative growth. 2017 has been no exception. By every measure it has been a record year in every metric we grew more than 30 percent this year!
Over the last 12 months we have seen a boom in students and employees using our learning platform, increasing 2.4 million over the previous 12 months. A total of 7.8 million users collectively spent well over 8 thousand years learning on our platform!
Extending the world’s most used learning content platform beyond higher education has long been a goal for VitalSource®. Specifically, we saw an opportunity to aid both learners and the companies involved in professional learning where publishers, companies and learning and training organizations create high-value content to be distributed to learners for professional development.
Since our founding more than 20 years ago, VitalSource has been committed to supporting higher education and to providing students with more affordable and accessible learning materials. We feel the campus stores across the globe share these values and are best positioned to manage content delivery for their institution.
For these reasons, we are excited to announce that VitalSource intends to acquire Verba Software.