Cengage Group

Cengage Group

Global edtech company supporting learners' choices

About Cengage Group

Simplify's Rating
Why Cengage Group is rated
B
Rated B on Competitive Edge
Rated A on Growth Potential
Rated C on Differentiation

Industries

Consumer Software

Education

Company Size

1,001-5,000

Company Stage

N/A

Total Funding

$509.5M

Headquarters

Boston, Massachusetts

Founded

1903

Overview

Cengage Group provides educational resources and technology to support learners at various stages of their education, from middle school to graduate school and skills training. Their offerings include a wide range of quality content and tools that cater to different learning preferences and environments. Cengage Group stands out from its competitors by focusing on student choice, allowing learners to access materials in a way that suits their individual needs. The company's goal is to empower millions of students worldwide to achieve their educational and career aspirations.

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Simplify's Take

What believers are saying

  • Cengage's digital offerings benefit from the rise of remote work and online learning.
  • Growing demand for micro-credentials aligns with Cengage's skills training programs.
  • Cengage's focus on diversity and inclusion enhances its educational content's relevance.

What critics are saying

  • AI-driven competitors like Coursera threaten Cengage's market share with advanced offerings.
  • Economic pressures may reduce educational institutions' spending on Cengage's products.
  • Open educational resources offer free alternatives, challenging Cengage's paid offerings.

What makes Cengage Group unique

  • Cengage Group integrates AI to create personalized educational content, enhancing learning experiences.
  • Visible Body acquisition strengthens Cengage's science offerings with interactive 3D models and simulations.
  • Cengage's Infosec Institute offers AI-powered cybersecurity training, addressing industry skill gaps.

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Funding

Total Funding

$509.5M

Above

Industry Average

Funded Over

2 Rounds

Convertible funding comparison data is currently unavailable. We're working to provide this information soon!
Convertible Funding Comparison
Coming Soon

Benefits

Flexible Work Hours

Remote Work Options

Performance Bonus

Company News

PR Newswire
Mar 24th, 2025
Cengage Group Explores Ai'S Impact On Education At Asu+Gsv Summit 2025

BOSTON, March 24, 2025 /PRNewswire/ --What: Cengage Group, a global edtech company, today announced that four executives will speak at the 2025 ASU+GSV Summit, taking place next month in San Diego, Calif. ASU+GSV is a world-renowned education conference that brings together education, technology, business and government leaders to explore innovations in learning and skills development

PR Newswire
Mar 4th, 2025
New Ready To Hire Research Suggests Financial Barriers Preventing Gen Z From Closing The Skills Gap In The Skilled Trades

Research finds nearly all (98%) Gen Z jobseekers open to skilled trades careers would pursue those opportunities if training was funded and nearly 3 in 4 would be "extremely likely" to pursue programs offering paid training, revealing opportunities to attract new generation to manufacturing, healthcare and skilled tradesBOSTON, March 4, 2025 /PRNewswire/ -- Ready to Hire, part of the skills training business of Cengage Group, a global edtech company, today released its Gen Z in the Skilled Workforce report - which surveyed 525 Gen Zers (age 18-29) currently working in or considering entry-level roles in manufacturing, skilled trades and healthcare - to better understand how they discover and evaluate career pathways. The research comes as industry estimates suggest that 4.2M U.S. workers are planning to retire next year, highlighting the urgent need for organizations to reach this next generation

Finsmes
Jan 13th, 2025
Cengage Group Acquires Visible Body

Cengage Group, a Boston, MA-based edtech company, acquired Visible Body, a company which specializes in interactive, 3D models and software for the sciences.The amount of the deal was not disclosed.This acquisition enhances Cengage Group’s science offerings across its portfolio, providing new mediums and interactive experiences for learners.Co-founded by CEO Andrew Bowditch and CFO Matthew Bowditc, Visible Body provides highly detailed, anatomically accurate 3D models of the body, which are developed by medical artists with degrees in biomedical illustration. The company offers more than 24,000 visual assets in seven languages, including animations and simulations, formative assessments and flashcards to test understanding. It is used at more than 1,000 institutions and provides a wide range of resources to support educators. Its immersive experience, including augmented and mixed reality offerings, lowers the barriers of access for real-world learnings in the sciences.Led by CEO Michael Hansen, Cengage Group, a global education technology company serving learners, provides digital products and services that equip students with the skills and competencies needed to be job ready. It serves education, workforce skills, secondary education, English language teaching and research markets worldwide.FinSMEs13/01/2025

PR Newswire
Jan 8th, 2025
Cengage Group Earns Equality 100 Award In Human Rights Campaign Foundation'S 2025 Corporate Equality Index

Cengage Group has been recognized for the fifth consecutive year as a leader in LGBTQ+ workplace inclusionBOSTON, Jan. 8, 2025 /PRNewswire/ -- Cengage Group, a global edtech company, today announced its score of 100 on the Human Rights Campaign Foundation's (HRCF) 2025 Corporate Equality Index (CEI). The CEI is the nation's foremost benchmarking survey and report measuring corporate policies and practices related to LGBTQ+ workplace equality. This year's CEI includes 1,449 businesses –the highest number of companies rated since the start of the CEI in 2002

PR Newswire
Nov 15th, 2024
Infosec Institute'S Ai-Powered Skills Navigator Creates Customized Cybersecurity Training Plans In Seconds

Based only on job descriptions, organizations can effortlessly create tailored training plans for different cybersecurity roles and levels. MASON, Ohio, Nov. 12, 2024 /PRNewswire/ -- Infosec Institute, a leading cybersecurity education provider and part of Cengage Group, today announced the launch of Infosec Skills Navigator, a groundbreaking addition to the Infosec Skills training platform. Leveraging generative AI (GenAI), the platform creates tailored training plans in seconds. Using only a job description or list of job duties, individuals, team leaders, and learning and development (LD) professionals can quickly get custom learning plans aligned with the skills recommended for success in each unique role. Training and retaining cybersecurity professionals remain a challenge across industries

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