BookRenter
| Company type | Private |
|---|---|
| Industry | Education Online retailing |
| Founded | 2006 in Silicon Valley, California, US |
| Defunct | 2016 |
| Fate | Acquired by eCampus.com |
| Headquarters | |
| Products | Online textbook rental eTextbooks |
BookRenter was an American online textbook rental company based in San Mateo, California.[1] It was founded in 2006 and was acquired by eCampus.com in 2016.
History
[edit]BookRenter was founded as an online textbook rental service in 2006. Colin Barceloux founded the company as a startup in Silicon Valley.[2][3] Barceloux worked with two engineer majors, Chris Williams and Philippe Huibonhoa to create the website. The company partnered with college bookstores by setting up a virtual rental store on their own websites.[4] In 2010, it reportedly served 6 million students on over 5,000 campuses in the US.[5]
In 2009, Mehdi Maghsoodnia became CEO of the company, replacing Colin Barceloux.[6] In 2010, Netflix co-founder Marc Randolph joined the board of directors.[7]
As of 2011, the company had raised $60 million in funding.[8][9]
It was the recipient of About.com’s 2012 Reader Choice Award for "Best Site for Renting Textbooks".[10]
In 2014, BookRenter partnered with Staples to expand its textbook rental service delivered through Staples.com. [11]
In May 2017, the company was acquired by eCampus.com.[12][13]
See also
[edit]References
[edit]- ^ "Bookrenter Binds Up $10M More As Textbook Rentals Spread". The Wall Street Journal. June 3, 2010. Retrieved May 26, 2018.
- ^ "Company Gives College Students The Option To Rent Expensive Text Books". CBS Boston. August 23, 2011. Retrieved May 26, 2018.
- ^ Goldfisher, Alastair (June 16, 2010). "BookRenter competes for huge textbook market". Reuters. Retrieved May 26, 2018.
- ^ "BookRenter Opens Up Textbook Rentals To Campus Bookstores And Other Partners". TechCrunch. March 4, 2010. Retrieved May 26, 2018.
- ^ "Little Bookrenter Is Narrowing The Gap With Chegg". TechCrunch. December 10, 2010. Retrieved May 26, 2018.
- ^ "BookRenter.com Names Mehdi Maghsoodnia Chief Executive Officer as Company Witnesses Explosive Growth". June 24, 2009. Retrieved May 26, 2018.
- ^ "BookRenter Adds Netflix Co-Founder Marc Randolph To Its Board Of Directors". TechCrunch. May 7, 2010. Retrieved May 26, 2018.
- ^ "BookRenter raises $40M". www.bizjournals.com. February 23, 2011. Retrieved May 26, 2018.
- ^ "BookRenter Raises $40 Million To Take On Chegg In Textbook Rentals". TechCrunch. February 23, 2011. Retrieved May 26, 2018.
- ^ "Bookrenter.com Review – Is it Really Cheaper?". Retrieved May 26, 2018.
- ^ "BookRenter Raises $40 Million To Take On Chegg In Textbook Rentals". Yahoo Finance. January 14, 2014. Retrieved May 26, 2018.
- ^ "eCampus.com Announces Expanded Course Material Solutions with Purchase of Rafter Assets, Including Rafter360". May 2, 2017. Retrieved May 26, 2018.
- ^ "ECampus.com ALL Access Partners with Schreiner University to Offer In-Tuition Textbook Model to Save Students Up to 50% or More on Textbook Costs". WENY-TV. May 14, 2018. Archived from the original on May 26, 2018. Retrieved May 26, 2018.