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July 29, 2015 7:08 PM ET

Diversified Consumer Services

Company Overview of Cengage Learning Holdings II, Inc.

Company Overview

Cengage Learning Holdings II, Inc., together with its subsidiaries, provides content, digital and print teaching and learning solutions, and associated educational services for the academic, professional, school, and research markets. The company operates through two segments, Domestic and International. It also offers digital products and services, such as CourseMate, an integrated, Web-based solution that includes eTextbook, multimedia resources, flashcards, and quizzes; CourseMaster, which provides assignable, gradable homework solutions under the Aplia, OWL, and SAM brands, as well as instant feedback about students; and Course360, an online course solutions that help schools reach an ar...

20 Channel Center Street

Boston, MA 02210

United States

5,000 Employees

Key Executives for Cengage Learning Holdings II, Inc.

Cengage Learning Holdings II, Inc. does not have any Key Executives recorded.

Cengage Learning Holdings II, Inc. Key Developments

Cengage Learning Reports Earnings Results for the Fourth Quarter and Full Year 2015

Cengage Learning reported earnings results for the fourth quarter and full year 2015. For the quarter, the company's adjusted revenue declined only $3.5 million or about 1% to $336.4 million, and adjusted EBITDA less CapEx improved by $24.7 million to $16.3 million. CapEx was $19.8 million, down $7.7 million largely due to timing. Adjusted EBITDA less CapEx of $16.3 million was an improvement of $24.7 million against a year ago. This improvement was largely due to cost savings and actions, revenue growth in international and Gale, and the lapping of the nonrecurring costs. For the full year, the company generated $1.7 billion in adjusted revenue, down 2.2%. Adjusted EBITDA less CapEx declined by $35 million to $368.9 million. The reduction was driven by domestic segment due to lower print sales and acceleration of technology spend to support the execution of digital strategy. CapEx grew $5.4 million, largely driven by increased spend on digital platforms.

Cengage Learning Holdings II, Inc., Q4 2015 Earnings Call, Jun 17, 2015

Cengage Learning Holdings II, Inc., Q4 2015 Earnings Call, Jun 17, 2015

LearnLaunch and Cengage Learning Ignite EdTech Innovation in Latin America Through Cengage Learning's Laboratorio de Innovacion en Experiencias de Aprendizaje

Cengage Learning will bring LearnLaunch Accelerator, a leading EdTech startup program, to Latin America via Cengage Learning's Laboratorio de Innovacion en Experiencias de Aprendizaje (LINNEA). Located in Chihuahua, Mexico, LINNEA is an innovation lab established by Cengage Learning, National Geographic Learning and The Universidad de Autonoma de Chihuahua with numerous projects underway to explore education and new ways to engage learners. Cengage Learning is committed to providing mentoring, networking and event support to LearnLaunch Accelerator entrepreneurs in Mexico and Latin America, building on its relationships and reputation in the region.

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