New York, NY, December 5, 2018. Infobase announced today that it has acquired Credo Reference. Founded in 1999, Credo Reference is a leading provider of innovative research platforms and information literacy instructional materials serving libraries worldwide. Terms of the transaction were not disclosed.
"This is exciting news and a significant milestone for Infobase," said Mark McDonnell, president and CEO of Infobase Holdings, "because it brings another strong name in the reference category under the Infobase umbrella. The obvious synergies between the two companies will benefit both sides and improve our offerings, particularly in the academic market."
Credo Reference is an award-winning reference and information literacy solutions provider that serves libraries worldwide. Credo's Online Reference Service (CORS) platform enables the flexible configuration of content, technology, and discovery services for the purpose of connecting learners, faculty, librarians, and publishers. Credo is also a leader in the First Year Experience (FYE) space and has recently introduced information literacy modules to help libraries support students arriving on campus as they acclimate to the rigors of academic research.
"Credo's products include the best reference content from the best reference publishers," added Mark McDonnell. "We would like to maintain this diversity of sources—what we view as one of their key strengths."
"Credo views this acquisition as a chance to reach even more learners and contribute to a strong culture of information literacy extending all the way from middle school through higher education and beyond," said Credo Reference General Manager Ian Singer. "Infobase's reach in the secondary school market in particular creates tremendous synergies, and its content fits nicely into Credo's library instruction framework. We're excited to be part of Infobase."
Infobase, a Centre Lane Partners portfolio company, is one of America's leading providers of supplemental educational materials to the school and library markets. Founded in 1941, the company has a long history of publishing award-winning and highly acclaimed resources for K–12 schools, academic institutions, and public libraries—taking pride in creating products that engage, enhance, and enrich the learning experience of students at all levels. And while it still publishes individual print and video titles, Infobase fully embraces the efficiency and expediency of digital formats in the form of online databases, eLearning Modules, eBook collections, and streaming video collections. Infobase is a family of highly regarded brands, including Facts On File, Ferguson's, Bloom's, The World Almanac, Films Media Group, Learn360, Polling the Nations, and The Mailbox. The company's website is www.infobase.com.
About Centre Lane Partners:
Centre Lane Partners is a private investment firm focused on making credit and equity, control and non-control, investments in North American middle market companies. The company's website is www.centrelanepartners.com.