Via News Release
“Digital River announced that it has acquired Journey Education Marketing, Inc., (JourneyEd) a leading reseller of software and hard goods for students, faculty, educational institutions and public school districts in the U.S. K-12 and post-secondary academic markets.
Journey Education Marketing owns, markets and operates two of the leading brands in the education market, JourneyEd and Academic Superstore. Digital River acquired JourneyEd through an all cash transaction and expects the acquisition to be accretive to earnings in 2011. Other financial terms related to the transaction were not disclosed.”