In recent weeks, Credo has taken steps to expand the company and to strengthen its product line.
In March 2013 Credo announced that it has acquired OnlineTutorSolutions.com and will take advantage of this service to improve its Literati solutions. OnlineTutorSolutions.com is a New Jersey-based company founded in 2010 that offers feebased tutoring services via the Internet for grades 3-12 in subjects including math, reading, and writing. Tutoring sessions are conducted using an interactive learning environment by teachers with special training and holding New Jersey teaching certification. Cherith Matlosz served as President of the company prior to its acquisition. Details of the transaction were not disclosed. Credo has also expanded its service offerings, launching Literati School and Literati Student Athlete, specialized versions of the Literati suite of reference content, technologies, and services shaped for the needs of their respective target audiences. The company announced in February 2013 that the athletic programs of Louisiana State and Charleston Southern had licensed Literati Student Athlete. Literati Academic and Literati Public, created for users of academic and public libraries, have seen adoption by more than 600 institutions since their launch in 2011.
The Literati product suite has also been enhanced with text-to-speech technology recently licensed from ReadSpeaker (http://www.readspeaker.com/). This technology enables users, such as those with visual impairments or reading disabilities, to access content resources in Literati by listening to automatically generated speech. Credo initially deployed the text-to-speech capabilities on its Literati Public, with the other members of Literati suite soon to follow.
Credo announced that the Software and Information Industry Association (SIIA) awarded Literati Public its 2013 CODiE Award for Best General Reference Service. Literati Academic was a finalist for the SIIA Education CODiE Awards for Best Education Reference Solution.
In related news Tutor.com was acquired by IAC in January 2013. IAC holds more than 20 business involving more than 150 Internet brands, including Ask.com, match.com, Vimeo, Newsweek. Its companies generated over $1.4 billion in 2012 and employs 3,800 worldwide. Tutor.com, founded in 1998 by George Cigale, is the largest online learning service. In June 2012, Tutor.com acquired the Ask A Librarian online virtual reference service.