BookRenter explained

BookRenter
Type:Private
Industry:Education
Fate:Acquired by eCampus.com
Predecessors:-->
Successors:-->
Founded:2006 in Silicon Valley, California, US
Hq Location City:San Mateo, California
Areas Served:-->
Products:
Owners:-->

BookRenter was an American online textbook rental company based in San Mateo, California.[1] It was founded in 2006 and was acquired by eCampus.com in 2016.

History

BookRenter was founded as an online textbook rental service in 2006. Colin Barceloux founded the company as a startup in Silicon Valley.[2] [3] Barceloux worked with two engineer majors, Chris Williams and Philippe Huibonhoa to create the website. The company partnered with college bookstores by setting up a virtual rental store on their own websites.[4] In 2010, it reportedly served 6 million students on over 5,000 campuses in the US.[5]

In 2009, Mehdi Maghsoodnia became CEO of the company, replacing Colin Barceloux.[6] In 2010, Netflix co-founder Marc Randolph joined the board of directors.[7]

As of 2011, the company had raised $60 million in funding.[8] [9]

It was the recipient of About.com’s 2012 Reader Choice Award for "Best Site for Renting Textbooks".[10]

In 2014, BookRenter partnered with Staples to expand its textbook rental service delivered through Staples.com.[11]

In May 2017, the company was acquired by eCampus.com.[12] [13]

See also

Notes and References

  1. News: Bookrenter Binds Up $10M More As Textbook Rentals Spread. The Wall Street Journal. May 26, 2018. June 3, 2010.
  2. News: Company Gives College Students The Option To Rent Expensive Text Books. May 26, 2018. CBS Boston. August 23, 2011. en.
  3. News: Goldfisher. Alastair. BookRenter competes for huge textbook market. May 26, 2018. Reuters. June 16, 2010.
  4. News: BookRenter Opens Up Textbook Rentals To Campus Bookstores And Other Partners. TechCrunch. May 26, 2018. March 4, 2010.
  5. News: Little Bookrenter Is Narrowing The Gap With Chegg. TechCrunch. May 26, 2018. December 10, 2010.
  6. News: BookRenter.com Names Mehdi Maghsoodnia Chief Executive Officer as Company Witnesses Explosive Growth. May 26, 2018. June 24, 2009. en.
  7. News: BookRenter Adds Netflix Co-Founder Marc Randolph To Its Board Of Directors. TechCrunch. May 26, 2018. May 7, 2010.
  8. News: February 23, 2011 . BookRenter raises $40M . May 26, 2018 . www.bizjournals.com.
  9. News: February 23, 2011 . BookRenter Raises $40 Million To Take On Chegg In Textbook Rentals . May 26, 2018 . TechCrunch.
  10. Web site: Bookrenter.com Review – Is it Really Cheaper? . May 26, 2018.
  11. News: BookRenter Raises $40 Million To Take On Chegg In Textbook Rentals. Yahoo Finance. May 26, 2018. January 14, 2014.
  12. News: eCampus.com Announces Expanded Course Material Solutions with Purchase of Rafter Assets, Including Rafter360. May 26, 2018. May 2, 2017.
  13. News: ECampus.com ALL Access Partners with Schreiner University to Offer In-Tuition Textbook Model to Save Students Up to 50% or More on Textbook Costs. May 26, 2018. WENY-TV. May 14, 2018. en. https://web.archive.org/web/20180526190635/http://www.weny.com/story/38180288/ecampuscom-all-access-partners-with-schreiner-university-to-offer-in-tuition-textbook-model-to-save-students-up-to-50-or-more-on-textbook-costs. May 26, 2018. dead.

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