Flat World Knowledge President Addresses Cost Crisis in Higher Education at Wunderlich Securities Signal Hill Education Conference

Eric Frank, president and co-founder of Flat World Knowledge, the largest commercial publisher of open college textbooks, will discuss how new business models can help break the cost spiral of higher education, at the Wunderlich Securities and Signal Hill Education Conference , on Thursday, November 17, at the Taj Hotel, in Boston.

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Frank will speak on a panel titled "The Elephant in the Room: Addressing the Cost Crisis in Higher Education," at the one-day conference focused on the global private education market. Participants will hear from chief-level executives on how privately funded education businesses are addressing the global challenges of K-12, postsecondary and corporate education.

Joining Frank on the panel will be Dr. Wallace Boston, CEO, American Public Education (APEI); Burck Smith, CEO, StraighterLine; and moderator Peter J. Stokes, Executive Vice President and Chief Research Officer, Eduventures.

Flat World Knowledge is widely cited as a transformative leader in higher education publishing and a pioneer within the open education resources (OER) movement. The company 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 syllabi and learning objectives with the MIYO (Make It Your Own) online editing platform.

Prior to launching Flat World in 2007, Frank held senior management positions at Thomson (now Cengage Learning) and Prentice Hall, a division of Pearson Education.

Core Facts

WHO: Eric Frank, President and Co-founder, Flat World Knowledge
WHAT: Speaking on a panel, "The Elephant in the Room: Addressing the Cost Crisis in Higher Education," at the Wunderlich Securities Signal Hill Education Conference
WHEN: Thursday, November 17, 2011
WHERE: The Taj Hotel, Boston

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Company information

Founded in 2007, Flat World Knowledge is the largest publisher of openly-licensed college textbooks for students worldwide. Our mission is to use technology and innovative business models to lower costs, increase access and personalize learning worldwide. Our expert-authored and peer-reviewed textbooks are available in a wide range of low-cost print and digital formats, including a free online version. Flat World Knowledge is a privately-held company funded by Bessemer Venture Partners, Bertelsmann Digital Media Investments, and Random House, Inc., among others. To date, Flat World textbooks are used at more than 2,000 colleges in 44 countries. To learn more, visit http://www.flatworldknowledge.com; follow us on Twitter @flat_world; and on Facebook at facebook.com/flatworldknowledge

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14th November 2011