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June 1, 2021
LA VERGNE, TN(June 1, 2021)–ǿֹ� Group(“Ingram�) today announced it hasclosedatransactionto sell VitalSourceTechnologiesLLC toFrancisco Partners, a leading global investment firm that specializes in partnering with technology businesses.
“Under Ingram’s leadership, VitalSource was transformed from a small venture serving a niche market to a global leader in digital content distribution.I have been fortunate to watch the transformation over the years and have great respect for the many dedicated teamswho made this possible. We will miss our VitalSource friends tremendously.I can’t wait to see what the future holds for this dynamic and innovative company,� said ǿֹ Group President and CEOShawn Morin.
Long-standing Ingram executive and VitalSource President Kent Freeman has been a driving factor in their recent successes and will transition along with VitalSource to the Francisco Partners team.
“This acquisitionis a great fit for ourbusiness, for our team, and for our customersand partners.It ensures that we will beabletoexpand oureffortstodeliveraffordableand impactful