I am delighted that Cengage Learning has now successfully completed its financial restructuring and, as of today, has emerged from Chapter 11.
The last nine months have been challenging, but we are moving forward as a better, stronger company because of it. The restructuring process has made Cengage Learning a financially healthy company, with excellent liquidity and the flexibility to accelerate our growth in providing the best selection of educational and research content, innovative digital solutions and personalized services.
During the restructuring, we reviewed every aspect of what we do to make us an even better partner for our customers, both now and in the future. We forged new technology partnerships, introduced new and updated digital solutions, and bolstered our leadership team to better understand and meet evolving needs.
To our customers: We are grateful for the support you have provided during this time. With your loyalty, we can be a stronger business partner now, and for many years to come. We look forward to working with you to understand your workflow, listening to your needs and meeting your expectations, while also finding innovative ways in which we can exceed them. We have some of the industry’s top tech talent on board alongside our content experts at Cengage Learning, and they are eager to hit the ground running and discover new ways to transform learning with their innovative ideas for education.
We understand that education and knowledge have the power to change lives for the better, and we take our jobs very seriously because of that. I can assure you that we will work tirelessly to ensure that students, instructors and researchers, are genuinely delighted by the products we have to offer.
I’d like to share with you a short video about our emergence from Chapter 11 and what it means for the company moving forward. Please view the video below, and let us know your thoughts in the comments below.
At Cengage Learning, we believe that engagement is the foundation of learning and we are committed to working with educators to build a better learning experience. We look forward to the days ahead as we endeavor to transform learning.
Chief Executive Officer