Vanderbilt University has entered into a partnership agreement with Follett Higher Education Group effective December 20, 1999 for the operation and management of the Vanderbilt University Bookstore. This partnership will accomplish the following:
- Develop and sustain a University Bookstore that fully reflects and supports the academic and intellectual life of Vanderbilt University.
- Provide the technology infrastructure, including ebusiness capability, to meet the needs of today and the future.
- Utilize the expertise, experience, and resources of an industry leader in university bookstores and their investment of capital in the future of the Vanderbilt University Bookstore.
- Establish long-term financial viability and strength for future growth in the Vanderbilt University Bookstore.
The Vanderbilt University Bookstore will remain part of the University's Division of Administration under the management oversight of Nim Chinniah, Assistant Vice Chancellor for Administration.
The preceding was released to the media on January 4, 2000.