Flat World Knowledge Named to EContent’s List of 100 Digital Companies That Matter Most

IRVINGTON, NY – November 22, 2011 Flat World Knowledge, the largest commercial publisher of open college textbooks, today announced that it has been named for the second year in a row to EContent magazine’s list of the top 100 companies that matter most in the digital content industry.

Flat World Knowledge joins Apple and Facebook among this year’s winners selected for their technology innovations and high quality products that are “shaking up the digital content industry.”

More Information

"EContent is excited to recognize Flat World Knowledge for its commitment to textbook affordability through an open model that provides flexible options for teachers, and use of social technology that can transform the learning experience," says Theresa Cramer, editor of EContent magazine.

Flat World is outpacing the industry in the transition to digital textbooks with a new business model that dramatically lower costs and expands access to course materials in all formats, on any device.

The company publishes its content under a Creative Commons open license, which gives students the option to read their textbook online for free or buy low-cost digital and print formats. Professors can modify the course content to match their learning objectives with MIYO (Make It Your Own), a fully-automated online editing platform.

“We’re honored to be chosen as a digital content leader offering new ways to interact with content to improve teaching and learning, and help break the cost spiral of higher education,” said Jeff Shelstad, CEO and co-founder, Flat World Knowledge.

Flat World was selected in the content creation, production and digital publishing category by EContent magazine contributing editors, Information Today, Inc. editors, and other experts in the digital content industry.

The 11th annual EContent 100 List of companies will be published in the December 2011 issue. EContent is a leading authority on the businesses of digital publishing, media, and marketing, targeting executives and decision-makers in these fast-changing markets.

Core Facts

  1. Flat World Knowledge, the largest commercial publisher of open college textbooks, has been named for the second year in a row to EContent magazine’s list of the 100 companies that matter most in the digital content industry.

  2. The EContent 100 were chosen for “shaking up the content industry” with technology innovations and high quality products.

  3. Flat World Knowledge is widely cited as a transformative leader in higher education publishing and a pioneer in the open education resources (OER) movement to make educational content affordable and accessible to everyone.

  4. Flat World publishes its authors’ works under a Creative Commons open license, which allows students to read online for free or buy low-cost digital or print formats. Instructors are free to tailor Flat World content to fit their syllabi and learning objectives using the MIYO (Make It Your Own) editing platform.

  5. Flat World was also recently named “Best Discount Textbook Provider” by the Education Resources People’s Choice Awards; and “top of the class in the digital textbooks market” by Inc. Magazine.

Images

Quotes

"EContent is excited to recognize Flat World Knowledge for its commitment to textbook affordability through an open model that provides flexible options for teachers, and use of social technology that can transform the learning experience."

Theresa Cramer, editor, EContent magazine

“We’re honored to be chosen as a digital content leader offering new ways to interact with content to improve teaching and learning, and help break the cost spiral of higher education.”

Jeff Shelstad, CEO and co-founder, Flat World Knowledge

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

22nd November 2011

Main Press Contact

Carole Walters

Director of Communications

+1-914-740-8072 ext. 7505

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