Montreal, March 15, 2022 (GLOBE NEWSWIRE) — Transcontinental Inc. (TSX: TCL.A TCL.B) today announced the acquisition of Scolab Inc., a leader in the development of digital education products, by TC Media. Scolab is known for Netmath, which is distributed in French and English in Canada, and Buzzmath, which is distributed in the United States. These products are used by thousands of students and teachers throughout North America.
“Scolab is a visionary, innovative and dynamic company,” said Patrick Lutzy, President of TC Media. “This strategic acquisition enhances TCMediaBooks’ already powerful digital services. Today, the coexistence of digital and printed matter is essential in our industry and we are proud of our leadership in this area. One step is to expand and diversify our offering of digital education products for beginner and intermediate levels. “
Carl Malartre, Co-Founder and CEO of Scolab, said: This combination will better fulfill our mission to provide compelling and meaningful digital content that supports the progress and success of our students. “
About TC media
TC Media, the media sector of Transcontinental Inc. (TSX: TCL.A TCL.B), employs approximately 250 people within TC Media Books and Groupe Constructo. TC Media Books, the largest French education publishing group in North America, publishes all levels of education in print and digital format, primarily under the Chenelière Éducation, Gaëtan Morin Éditeur, Beauchemin, Modulo, Graficor and Édisem brands. In addition to being a leader in the Quebec supplementary materials market, TC Media Books is also a leader in digital educational publishing and distribution of French specialty works, with general interest primarily under Éditions Caractère and Éditions Transcontinental. We are actively working on publishing. brand. Distributor Somabec is also part of TC Media Books. Groupe Constructo is a leader in publishing strategic information for the construction industry in Quebec.
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TC Media has expanded its digital education services with the acquisition of Scolab from the Canadian Business Journal.
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