M&A Deal Summary

OverDrive Acquires TeachingBooks

On October 7, 2021, OverDrive acquired internet software and services company TeachingBooks

Acquisition Highlights
  • This is OverDrive’s 2nd transaction in the Internet Software and Services sector.
  • This is OverDrive’s 3rd transaction in the United States.
  • This is OverDrive’s 1st transaction in Wisconsin.

M&A Deal Summary

Date 2021-10-07
Target TeachingBooks
Sector Internet Software and Services
Buyer(s) OverDrive
Deal Type Add-on Acquisition

Target

TeachingBooks

Madison, Wisconsin, United States
TeachingBooks provides a source of supplemental materials that perpetuates informed, joyful reading across the curriculum while furthering successful literacy outcomes. TeachingBooks is helping to close the opportunity gap with an ever-growing library of 265,000+ materials. More than 55,000 schools and libraries have received more than 70 million unique investigations and searches. TeachingBooks was founded in 2000 and is based in Madison, Wisconsin.

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Buyer(S) 1

Buyer

OverDrive

Cleveland, Ohio, United States

Category Company
Founded 1986
Sector Information Technology
DESCRIPTION

OverDrive is a global digital distribution platform, supplying a catalog of eBooks, audiobooks, music, and streaming video to 30,000 libraries, schools, and retailers worldwide. OverDrive was founded in 1986 and is based in Cleveland, Ohio.


DEAL STATS #
Overall 3 of 3
Sector: Internet Software and Services M&A 2 of 2
Type: Add-on Acquisition M&A Deals 2 of 2
State: Wisconsin M&A 1 of 1
Country: United States M&A 3 of 3
Year: 2021 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-09 Kanopy

San Francisco, California, United States

Kanopy is a streaming video platform that offers millions of professors, students, and public library patrons free and convenient access to a unique collection of 30,000 highly curated films and documentaries. Kanopy was founded in 2008 and is based in San Francisco, California.

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