BERGEN, Norway, December 3, 2010 /PRNewswire/ -- Today, it's learning announced that it will acquire a 66% stake in educational technology provider InfoStance (http://www.infostance.com/) from the French publishing giant Hachette Livre. Hachette Livre will retain 34% ownership of the company. The deal should enable it's learning to use InfoStance's expertise in school administration systems to create an even stronger learning platform.
Although both it's learning and InfoStance offer similar products, the two learning platforms have different strengths. InfoStance is the only company to have achieved full user adoption in French Local Education Authorities and its product, ScolaStance, is renowned for its administrative tools and seamless integration with other IT systems. it's learning is more focused on giving teachers tools that improve collaboration and improve classroom teaching.
it's learning CEO Arne Bergby believes the combination of the two will prove very appealing for educational institutions both in France and around the globe. "Our goal is to develop the perfect learning platform and we have set an ambition plan to incorporate the best features from ScolaStance into it's learning," he comments. "Thanks to our software as a service model, our customers will see a gradual improvement in the product they use every day, without experiencing any disruptions."
A new learning platform leader in France Currently France's leading provider of learning platforms, InfoStance has revenue in excess of EUR1.6 million. Based in Norway, it's learning has millions of users in Europe and the US, and is one of Europe's 50 fastest growing technology companies.
For more information on it's learning, please visit http://www.itslearning.eu
For further information, please find your local it's learning press contact at http://www.itslearning.eu/press
Notes to editors
About it's learning
Headquartered in Bergen, Norway, it's learning has offices in Denmark, France, Germany, the Netherlands, Sweden, the UK and USA. More than 40% of it's learning's resources are dedicated to product design and development.
About Hachette Livre
Hachette Livre, a wholly owned subsidiary of Lagardere SCA, is the world's second largest trade book publisher with sales of EUR2,273 million. It is #1 in France, #1 in the UK, #2 in Spain and #5 in the USA. It publishes over 17,000 new titles a year under more than one hundred different imprints in a dozen languages, but mainly in French, English and Spanish. It covers all segments of trade publishing: general fiction and non-fiction, mass market pocket books, books for young readers, illustrated books, travel guides, school books, as well as partworks. Its headquarters are in Paris, France.
SOURCE it's learning AS