Briefing

Top Hat buys textbook publisher Fountainhead Press

article-aa

Instructors use the Toronto-based firm’s software platform to deliver lectures, tests and readings to students. Southlake, Texas-based Fountainhead issues titles in subjects including English, math and science, psychology and Spanish. TopHat did not disclose the acquisition price. (BetaKit)

Read this article for free

By entering your e-mail you consent to receiving commercial electronic messages from The Logic Inc. containing news, updates, offers or promotions about The Logic Inc.’s products and services. You can withdraw your consent at anytime. Please refer to our privacy policy or contact us for more details.

Already a subscriber?

Talking point: Top Hat plans to partner and acquire with other textbook publishers, funded in part by a US$55-million Series D round raised in February 2020; it bought Nelson Education’s post-secondary business for reportedly less than US$30 million last May. Ratings agency Moody’s downgraded course-material publishers’ debt in August after universities and colleges went remote amid the pandemic. Paper-pushing textbook publishers were already losing business to the secondhand market and digital challengers like Top Hat.