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Education Growth Advisors Announces Involvement in Sale of Pubget, Inc. to Copyright Clearance Center(February 09, 2012)
STAMFORD, CT -- (Marketwire) -- 02/09/12 -- Education Growth Advisors ("EGA"), a leading education-focused advisory firm partnering with clients to deliver a unique blend of strategic consulting and financial advisory services, announced today that it advised the shareholders of Pubget, Inc., in its sale to Copyright Clearance Center ("CCC"). Financial details of the transaction were not disclosed.
Based in Boston, MA, Pubget offers search, retrieval and browse capabilities for content used by academics and research professionals. Its solutions make research more efficient by simplifying the process of finding, managing and analyzing information. Pubget served more than 5 million researchers and 500 research centers in 2011.
"Our mission at Pubget is to make access to information seamless, especially in science and medicine; we call it 'Science at Speed.' By being the world's premier copyright provider, CCC has been helping do that for decades," said Pubget founder Ramy Arnaout, MD, DPhil. "We are all thrilled at the future possibilities for this combination."
"Assisting dynamic, innovative companies and executives in achieving their objectives and maximizing impact is the cornerstone of our efforts," said Adam Newman, Managing Partner at Education Growth Advisors. "The quality of the management team, information and research services tools and intellectual property that Pubget has developed are exactly the ingredients that publishing and technology leaders in the market are trying to emulate or acquire," continued Chris Curran, Managing Partner at Education Growth Advisors.
Pubget was founded in 2007 by Dr. Arnaout, a practicing physician, who holds an MD from Harvard, a PhD (DPhil) in mathematical biology from Oxford and an SB in biology from MIT. Arnaout will join the CCC team as Senior Advisor.
Pubget co-founders Ryan Jones, formerly of Microsoft's enterprise search group, and Ian Connor, formerly of IBM, will continue to serve the organization as senior leaders in the Pubget organization responsible for Business Development and Engineering respectively. In addition to Arnaout, Jones and Connor, other members of the Pubget team, including experienced talent from The Mathworks, Nature Publishing Group, The Broad Institute, 3M and MIT, will remain on staff as well. CCC has named Emily Sheahan, former Group Publisher at HCPro, as General Manager & Executive Director.
About Copyright Clearance Center, Inc.
Copyright Clearance Center (CCC), the rights licensing experts, is a global rights broker for the world's most sought after materials, including in- and out-of-print books, journals, newspapers, magazines, images, blogs and ebooks. Founded in 1978 as a not-for-profit organization, CCC provides smart solutions that simplify the licensing of content that lets businesses and academic institutions quickly get permission to use copyright-protected materials, while compensating publishers and content creators for the use of their works. For more information, visit www.copyright.com.
About Pubget, Inc.
Pubget is the search engine for life science PDFs. Pubget makes scientific research easier by simplifying the process of finding, managing and analyzing scientific papers. The core solution at www.pubget.com provides article-level tools making content discovery, access and copyright management much easier for the user. Pubget's corporate services offer relevant banner and contextual advertising for marketers and search services for libraries and R&D departments. For more information, visit www.pubget.com.
About Education Growth Advisors
Founded in 2010 by longtime education and investment industry veterans Adam Newman and Christopher Curran, Education Growth Advisors ("EGA") is a strategic advisory and consulting firm working across the K-12, postsecondary, corporate and lifelong learning sectors. EGA delivers business expertise that marries rigorous, research-based market analysis, hands-on education-industry experience and extensive transactional and capital markets experience. EGA's unique position at the heart of the education industry ensures that its clients have the partner they need to make the right decisions in today's complex and rapidly evolving education marketplace. EGA is also closely affiliated with Education Growth Partners, a private equity firm focused exclusively on growth equity investments in education companies in the preK-12, higher education, corporate training and lifelong learning sectors. Education Growth Partners invests in profitable, innovative, high-potential companies that are seeking capital and expertise to reach scale. For more information about Education Growth Advisors, visit www.edgrowthadvisors.com.
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