June 1, 2021
LA VERGNE, TN (June 1, 2021) – Ingram Content Group (“Ingram”) today announced it has closed a transaction to sell VitalSource Technologies LLC to Francisco 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 teams who 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 Ingram Content Group President and CEO Shawn 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 acquisition is a great fit for our business, for our team, and for our customers and partners. It ensures that we will be able to expand our efforts to deliver affordable and impactful