Flat World Knowledge Named to List of “Hottest Companies in New York City”

IRVINGTON, NY – February 8, 2012 – Flat World Knowledge, the largest publisher of open college textbooks, has been named one of 2012’s “Hottest Companies in New York City,” by business research firm Lead411.

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For the second year in a row, Flat World has been recognized as one of the fastest-growing technology and media companies in the New York City metropolitan area. This year’s list began with more than 2,200 companies and was narrowed down to the top 73.

To be selected, companies must have 100 percent increase in revenues over the past two years; or $5M+ in funding in the past two years.

The entire list and details about the award and winners can be found at: http://www.lead411.com/awards/2012/new-york-city.html

Widely cited as a transformative leader in higher education publishing and the open education resources (OER) movement, Flat World has raised more than $30 million in funding from top investment firms and publishers, including Bessemer Venture Partners; Bertelsmann Digital Media Investments (BDMI), a wholly owned subsidiary of Bertelsmann AG; and Random House, Inc.

The company's year-over-year growth is a result of its disruptive business model, which dramatically lowers costs for students and expands access to course materials in all formats, on any device. Instructors are free to tailor Flat World content to fit their learning objectives using the MIYO (Make It Your Own) online editing platform.

Flat World has also pioneered a new approach to delivering course materials at the institution and system-wide level. Using a per student, per course license, institutions can provide students with lifetime access to their textbooks and study aids in convenient, multiple formats, and at a fraction of the cost of traditional textbooks.

Core Facts

Flat World Knowledge, the largest publisher of open textbooks for college students, has been named to the 2012 list of the “Hottest Companies in New York City,” by business research firm Lead411.
The annual award was created to recognize the fastest-growing technology and media companies in the NYC metropolitan area.
Flat World’s year-over-year growth is a result of its disruptive business model, which dramatically lowers costs for students and expands access to course materials in all formats, on any device.
Flat World has also pioneered a new approach to delivering course materials at the institution and system-wide level using a per student, per course license.
Flat World Knowledge was recently voted "Best Discount Textbook Provider" by the Education Resources People’s Choice Awards; and named one of the top 100 companies that matter most in the digital content industry by EContent.