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Cengage Group is an American company that primarily provides educational content, technology, and services.
Answer: True
Explanation: The source identifies Cengage Group as an American company that provides educational content, technology, and services.
Cengage Group serves markets including higher education, K-12, professional development, and libraries worldwide.
Answer: True
Explanation: The company's market reach explicitly includes higher education, K-12 education, professional development, and library sectors globally.
What is the primary business of Cengage Group?
Answer: Providing educational content, technology, and services.
Explanation: Cengage Group's core business revolves around the provision of educational content, technology solutions, and associated services.
Which of the following markets is explicitly mentioned as being served by Cengage Group?
Answer: Professional development and libraries.
Explanation: The company explicitly serves markets including higher education, K-12, professional development, and libraries.
International Thomson Publishing (ITP) began its publishing activities in 1979 by acquiring Van Nostrand Reinhold.
Answer: False
Explanation: International Thomson Publishing commenced its publishing operations in 1979 by acquiring Wadsworth Publishing, not Van Nostrand Reinhold.
Thomson Learning was renamed Cengage Learning in 2007 following a private equity acquisition.
Answer: True
Explanation: In 2007, Thomson Learning was acquired by a private equity consortium and subsequently renamed Cengage Learning.
Cengage Learning filed for Chapter 11 bankruptcy in 2013 due to a lack of digital product innovation.
Answer: False
Explanation: Cengage Learning filed for bankruptcy in 2013 primarily due to substantial debt from buyouts and a shrinking market for paper textbooks, rather than a lack of digital innovation.
Upon emerging from bankruptcy in 2014, Cengage Learning eliminated approximately $4 billion of its debt.
Answer: True
Explanation: Following its emergence from bankruptcy in 2014, Cengage Learning successfully reduced its funded debt by approximately $4 billion.
Thomson Learning acquired Harcourt's higher education titles from Reed Elsevier in 2000.
Answer: True
Explanation: In 2000, Thomson Learning acquired the higher education title portfolio of Harcourt from Reed Elsevier, thereby expanding its offerings in that market segment.
International Thomson Publishing acquired which company in 1981, significantly broadening its portfolio?
Answer: Litton Industries' publishing operations
Explanation: In 1981, International Thomson Publishing acquired the publishing operations of Litton Industries, which included significant entities like Van Nostrand Reinhold and Delmar.
What was the financial value of the acquisition when Thomson Learning was renamed Cengage Learning in 2007?
Answer: $7.75 billion
Explanation: In 2007, Thomson Learning was acquired for US$7.75 billion by a private equity consortium, leading to its renaming as Cengage Learning.
Which factor was a primary reason for Cengage Learning's 2013 bankruptcy filing?
Answer: Substantial debt from buyouts and shrinking paper textbook market.
Explanation: Cengage Learning's 2013 bankruptcy filing was primarily attributed to substantial debt accumulated from prior acquisitions and a declining market for traditional paper textbooks.
What key financial outcome occurred for Cengage Learning upon emerging from bankruptcy in April 2014?
Answer: It eliminated approximately $4 billion of funded debt.
Explanation: Upon emerging from bankruptcy in April 2014, Cengage Learning successfully eliminated approximately $4 billion of its funded debt.
Cengage Unlimited allows students to access the company's entire digital catalog for a flat semester or annual fee.
Answer: True
Explanation: Cengage Unlimited is a subscription service providing access to the company's complete digital catalog of higher education materials for a fixed semester or annual fee.
Cengage Unlimited was made available to students in the summer of 2018.
Answer: True
Explanation: The Cengage Unlimited subscription service was launched and made available to students during the summer of 2018.
The University of Missouri was the first university to offer Cengage Unlimited to all its students.
Answer: True
Explanation: The University of Missouri was the inaugural institution to provide the Cengage Unlimited plan to its entire student body, commencing in January 2019.
WebAssign, acquired by Cengage in 2016, is an online instructional application used primarily in STEM fields.
Answer: True
Explanation: WebAssign, acquired by Cengage in 2016, is an online instructional application widely utilized in Science, Technology, Engineering, and Mathematics (STEM) disciplines.
The Cengage Unlimited SaaS solution was launched on August 1, 2018.
Answer: True
Explanation: The Software as a Service (SaaS) solution known as Cengage Unlimited was officially launched on August 1, 2018.
What is the core function of the Cengage Unlimited subscription service?
Answer: Offering a subscription for the entire digital catalog of higher education materials.
Explanation: The primary function of Cengage Unlimited is to provide students with subscription-based access to the company's comprehensive digital catalog of higher education materials.
When did Cengage Unlimited officially become available to students?
Answer: Summer 2018
Explanation: Cengage Unlimited was officially launched and made available to students during the summer of 2018.
What is WebAssign, acquired by Cengage in September 2016, primarily used for?
Answer: Facilitating online instruction and assessment, especially in STEM.
Explanation: WebAssign, acquired by Cengage in September 2016, is primarily utilized for facilitating online instruction and assessment, particularly within STEM disciplines.
What is MindTap, mentioned as a Cengage product line?
Answer: A digital learning platform for personalized experiences.
Explanation: MindTap is identified as a Cengage product line, functioning as a digital learning platform designed to offer personalized educational experiences.
Gale, a division of Cengage, focuses on developing e-research and educational publishing content for libraries.
Answer: True
Explanation: Gale functions as Cengage's library reference division, specializing in creating and maintaining e-research and educational publishing content for libraries, schools, and businesses.
Cengage acquired Education to Go (Ed2Go) in 2004, which specialized in online continuing education courses.
Answer: True
Explanation: In 2004, Cengage acquired Education to Go (Ed2Go), a company focused on providing online continuing education courses.
On May 16, 2008, Cengage acquired PAL Publications, which focused on professional reference series.
Answer: True
Explanation: Cengage acquired PAL Publications on May 16, 2008; this entity specialized in professional reference series.
Cengage acquired the College Division of Houghton Mifflin, which primarily targeted higher education publishing.
Answer: True
Explanation: The acquisition of Houghton Mifflin's College Division by Cengage in 2008 was specifically aimed at strengthening its presence in the higher education market, serving two-year and four-year colleges.
Gatlin Education Services, acquired by Cengage in July 2008, provided web-based training solutions.
Answer: True
Explanation: Gatlin Education Services, acquired by Cengage in July 2008, specialized in delivering web-based training solutions for education providers.
HighBeam Research, acquired by Cengage in December 2008, was a platform providing access to a vast archive of newspapers and magazines.
Answer: True
Explanation: HighBeam Research, acquired by Cengage in December 2008, functioned as a paid search engine offering access to an extensive archive of newspapers and magazines.
Cengage acquired Learning Objects, Inc. in September 2015, which specialized in learning management systems and adaptive education tools.
Answer: True
Explanation: In September 2015, Cengage acquired Learning Objects, Inc., a company known for its expertise in learning management systems and adaptive education tools.
Pathbrite, Inc., acquired by Cengage in October 2015, provided ePortfolio services.
Answer: True
Explanation: Pathbrite, Inc., acquired by Cengage in October 2015, offered ePortfolio services designed to support learning and career advancement.
InfoSec Institute, acquired by Cengage Group in March 2022, focuses on cybersecurity training.
Answer: True
Explanation: InfoSec Institute, acquired by Cengage Group in March 2022, specializes in providing cybersecurity training programs.
Cengage Group operates under brands including Aplia, Gale, and Heinle.
Answer: True
Explanation: Cengage Group utilizes several prominent brands and imprints, including Aplia, Gale, and Heinle, to serve its diverse markets.
Products originally from South-Western Publishing have been branded under the Cengage Learning name since 2015.
Answer: True
Explanation: Since 2015, products originating from South-Western Publishing have been integrated and branded under the Cengage Learning name.
Which division of Cengage is known for creating e-research and educational publishing content for libraries?
Answer: Gale
Explanation: Gale, a division of Cengage, is recognized for its development of e-research and educational publishing content specifically tailored for libraries.
Which company, specializing in online continuing education courses, was acquired by Cengage in 2004?
Answer: Education to Go (Ed2Go)
Explanation: In 2004, Cengage acquired Education to Go (Ed2Go), a provider of online continuing education courses.
What was the focus of PAL Publications, acquired by Cengage on May 16, 2008?
Answer: Professional reference series
Explanation: PAL Publications, acquired by Cengage on May 16, 2008, specialized in professional reference series.
The acquisition of the National Geographic Society's school publishing unit in 2011 resulted in the creation of which brand?
Answer: National Geographic Learning
Explanation: The acquisition of the National Geographic Society's school publishing unit in 2011 led to the establishment of the National Geographic Learning brand.
What service did Pathbrite, Inc. offer when acquired by Cengage in October 2015?
Answer: Eportfolio services
Explanation: Pathbrite, Inc., acquired by Cengage in October 2015, provided ePortfolio services designed to support learning and career advancement.
Which company, focused on cybersecurity training, was acquired by Cengage Group in March 2022?
Answer: InfoSec Institute
Explanation: InfoSec Institute, a company specializing in cybersecurity training, was acquired by Cengage Group in March 2022.
Which of the following is listed as a prominent brand or imprint under Cengage Group?
Answer: Milady
Explanation: Milady is listed as one of the prominent brands and imprints operating under the Cengage Group umbrella.
How were products originally from South-Western Publishing branded starting in 2015?
Answer: They were rebranded under the Cengage Learning name.
Explanation: Since 2015, products that were originally part of South-Western Publishing have been rebranded under the Cengage Learning name.
Michael Hansen currently serves as the Chief Executive Officer (CEO) of Cengage Group.
Answer: True
Explanation: Michael Hansen holds the position of Chief Executive Officer (CEO) at Cengage Group.
The official web address for Cengage Group is www.cengagegroup.com.
Answer: True
Explanation: The official web address for Cengage Group is accessible via cengagegroup.com.
In 2016, Publishers Weekly ranked Cengage 14th globally based on its 2015 revenues.
Answer: True
Explanation: Publishers Weekly's 2016 ranking placed Cengage at the 14th position globally, determined by its financial performance in 2015 revenues.
Cengage's ranking by Publishers Weekly in 2016 showed an improvement of three slots compared to the previous year.
Answer: False
Explanation: The Publishers Weekly ranking in 2016 indicated a decline of three slots for Cengage compared to the previous year's ranking.
Where is Cengage Group currently headquartered?
Answer: Boston, Massachusetts
Explanation: Cengage Group's current headquarters are located in Boston, Massachusetts.
As of 2017, what was the approximate number of people employed worldwide by Cengage Group?
Answer: Approximately 5,000
Explanation: In 2017, Cengage Group employed approximately 5,000 individuals globally.
What was Cengage Group's reported revenue in 2017?
Answer: $1.5 billion
Explanation: Cengage Group reported revenues of approximately $1.5 billion in the United States dollar for the year 2017.
What does the Authority Control section in the source provide regarding Cengage Group?
Answer: Standardized identifiers for global cataloging.
Explanation: The Authority Control section provides standardized identifiers (e.g., ISNI, VIAF) for Cengage Group, ensuring consistent identification and cataloging in global information systems.
In 2016, Publishers Weekly ranked Cengage 14th globally. What was this ranking based on?
Answer: 2015 revenues.
Explanation: The Publishers Weekly ranking in 2016, which placed Cengage 14th globally, was based on the company's 2015 revenues.
Cengage Learning rebranded itself as 'Cengage' in November 2016.
Answer: True
Explanation: In November 2016, Cengage Learning underwent a rebranding initiative, simplifying its name to 'Cengage'.
The proposed merger between Cengage and McGraw-Hill Education was successfully completed in 2020.
Answer: False
Explanation: The proposed merger between Cengage and McGraw-Hill Education was terminated on May 1, 2020, and therefore was not completed.
Cengage rebranded to Cengage Group in August 2021.
Answer: True
Explanation: Cengage officially rebranded itself as Cengage Group in August 2021, signifying a further evolution of its corporate identity.
In what year did Cengage Learning officially rebrand to simply 'Cengage'?
Answer: 2016
Explanation: Cengage Learning officially rebranded itself as 'Cengage' in November 2016.
What happened regarding the proposed merger between Cengage and McGraw-Hill Education?
Answer: It was terminated on May 1, 2020.
Explanation: The proposed merger between Cengage and McGraw-Hill Education, announced in May 2019, was ultimately terminated on May 1, 2020.
What strategic shift did Cengage focus on after emerging from bankruptcy in 2014?
Answer: Concentrating on developing digital materials alongside traditional textbooks.
Explanation: Following its emergence from bankruptcy in 2014, Cengage strategically shifted its focus towards developing digital educational materials while continuing to offer traditional textbooks.