Chegg to Acquire Zinch

Chegg, a textbook rental company, has entered into a definitive agreement to acquire Zinch.

Founded in 2007, Zinch connects prospective college and graduate students to scholarships, admissions officers and other students who have been through the same process.

The acquisition, which is subject to standard closing conditions and is expected to be completed by the end of this month, will expand Chegg’s social education platform into high schools.

Founded in 2007, Chegg is used by students in more than 7,000 campuses nationwide for homework help, course selection, note taking, textbook and e-textbook rentals. It is backed by GSV Capital (read here) and received debt financing from Insight Venture Partners, Pinnacle Ventures and TriplePoint Capital (read here).

FinSMEs

15/09/2011

13 comments

  • […] has a notable exit under his belt: he sold Zinch, a social network for high school students, to Chegg for $45 million. Now, Hagen is tackling the enterprise market. The company estimates that there are some 70 […]

  • […] has a notable exit under his belt: he sold Zinch, a social network for high school students, to Chegg for $45 million. Now, Hagen is tackling the enterprise market. The company estimates that there are some 70 […]

  • […] has a notable exit under his belt: he sold Zinch, a social network for high school students, to Chegg for $45 million. Now, Hagen is tackling the enterprise market. The company estimates that there are some 70 […]

  • […] has a notable exit under his belt: he sold Zinch, a social network for high school students, to Chegg for $45 million. Now, Hagen is tackling the enterprise market. The company estimates that there are some 70 […]

  • […] has a notable exit under his belt: he sold Zinch, a social network for high school students, to Chegg for $45 million. Now, Hagen is tackling the enterprise market. The company estimates that there are some 70 […]

  • […] has a notable exit under his belt: he sold Zinch, a social network for high school students, to Chegg for $45 million. Now, Hagen is tackling the enterprise market. The company estimates that there are some 70 […]

  • […] has a notable exit under his belt: he sold Zinch, a social network for high school students, to Chegg for $45 million. Now, Hagen is tackling the enterprise market. The company estimates that there are some 70 […]

  • […] has a notable exit under his belt: he sold Zinch, a social network for high school students, to Chegg for $45 million. Now, Hagen is tackling the enterprise market. The company estimates that there are some 70 […]

  • […] has a notable exit under his belt: he sold Zinch, a social network for high school students, to Chegg for $45 million. Now, Hagen is tackling the enterprise market. The company estimates that there are some 70 […]

  • […] has a notable exit under his belt: he sold Zinch, a social network for high school students, to Chegg for $45 million. Now, Hagen is tackling the enterprise market. The company estimates that there are some 70 […]

  • […] has a notable exit under his belt: he sold Zinch, a social network for high school students, to Chegg for $45 million. Now, Hagen is tackling the enterprise market. The company estimates that there are some 70 […]

  • […] * Spatch。“变革你所认知的电子邮件”Spatch联合创始人兼首席执行官米克·哈根(Mick Hagen)此前已经有过成功的创业经历:他以4500万美元的价格将面向高中学生的社交网络Zinch卖给了Chegg。如今,哈根转战到了企业市场。Spatch估计,全球的电子邮件总数大概有70万亿封(其中有一半在我的收件箱里)。Spatch原本想要开发一款电子邮件客户端来试着解决这个问题,但该公司最终提出了更全面的解决方案,创造了哈根所谓的“一套完整的通信协议”。 […]

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