Cengage Learning Inc., a Stamford-based publisher of educational resources and services, recently moved its corporate headquarters to Boston. The company said in a press release the move will allow it to build new technology partnerships, improve its product development and delivery model and strengthen its sales and marketing tactics.
The global business, which operates in more than 20 countries, recently came out of bankruptcy after eliminating $4 billion in funded debt, according to a Stamford Advocate report. Last July, Cengage had accrued $5.6 billion in debt and filed for Chapter 11, the report said.
The company, which provides print and digital information services for the academic, professional and library markets and sells textbooks, educational software and training programs, said it chose Boston because of access to colleges and universities, and investors interested in education-related technology.
“We believe that Boston is one of the key centers for future growth of education technology and as a result, we believe Cengage Learning should be an anchor of the community,” said Michael Hansen, CEO of Cengage Learning, in a statement.
Cengage Learning plans to heighten its emphasis on the research and development of new digital products for higher education, K-12, professional and library markets worldwide.
