Follett Acquires Budgetext
Similar to the move that Barnes and Noble pulled in the late acquisition of Border’s assets, it is now official that Follett Education Services has acquired Budgetext. As reported back in October, in light of the current market Budgetext has chosen to close its doors. While no official announcement has been made, the Budgetext website is now redirected to Follett with a message about the acquisition.
This move makes a lot of sense for Follett’s strategy to keep other players out of the K-12 book space.
Interesting,thanks for sharing the information.
Hopefully, they will make the strong move of acquiring some of the reps who were loaded with connections instead of letting the dregs of K-12 Mickey Mouse companies (one from Georgia comes to mind) get their greasy hands on them. A lot of really strong players were with Budgetext who are loaded with connections and just need a home to keep delivering to the same customers who they are deeply connected. Follett seems unconcerned thus far.