Ingram Content Group (Ingram) has signed a definitive agreement to sell VitalSource Technologies LLC to Francisco Partners, a global investment firm that specialises in partnering with technology businesses.

VitalSource is an education technology solutions provider committed to helping partners create, deliver, and distribute affordable and impactful learning experiences worldwide. VitalSource’s products and technologies, including the leading learning platform, Bookshelf, are used by 16 million learners in more than 240 countries.

Under Ingram’s leadership, VitalSource was transformed from a small venture serving a niche market to a global leader in digital content distribution. Ingram first acquired VitalSource in 2006 with an eye to grow it into a larger digital learning platform that could serve the higher ed market and more.

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Source: Private Equiy Wire