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EdNET Insight | Follett Software Company Acquires X2 Development Corporation

Business Headlines

Follett Software Company Acquires X2 Development Corporation

Transaction Includes Aspen™ K-12 Student Information System

MCHENRY, Illinois, Oct. 4, 2010 - Follett Software Company announced today that it has acquired X2 Development Corporation, a leading Student Information System provider for K-12 school districts in the United States and abroad.  The acquisition includes the Aspen™ Student Information System, a popular Web-based solution that simplifies school district data management through the integration of key K-12 applications.  Terms of the transaction were not disclosed.

"The acquisition of X2 Development Corporation expands Follett's portfolio of technology solutions that simplify the delivery of education for schools and school districts," said Thomas Schenck, President of Follett Technology Solutions and International Group.  "And with the addition of the Aspen Student Information System, Follett now provides a full range of K-12 enterprise management knowledge, products and services to help schools effectively and efficiently meet administrative and classroom needs." 

Aspen increases school district efficiency giving educators more time to focus on student achievement.  For example, Aspen integrates gradebook, scheduling, family and student portals, reporting, special education, professional development into one easy-to-use solution.  The Aspen platform serves 81 school districts and more than 600,000 students across seven states. 

"We're pleased to join Follett Software Company and add to an outstanding lineup of products and services for K-12 schools and school districts," said Rick Dwyer, founder of X2 Development Corporation.  "Combining the capabilities of X2 Development Corporation with Follett's own considerable technology resources will help bring Aspen to the forefront of the industry."

X2 Development Corporation will continue to operate out of Hingham, Mass., as a wholly owned subsidiary of Follett Software Company.
 
The Aspen platform complements and expands Follett's broad range of technology and content delivery solutions used by K-12 administrators, educators and librarians throughout the United States and worldwide.  In addition to the Destiny® suite of resource management tools for libraries and schools and the Tetradata® suite of data management and analysis tools for school districts, Follett recently launched the Cognite™ learning environment, a Web-based tool for educators, students and parents that integrates discovery tools, retrieval, collaboration and communication with the goal of creating a vibrant experience where K-12 students excel.

About X2 Development Corporation
X2 Development Corporation is a leading provider of integrated K-12 software applications serving over eighty K-12 school districts in the United States and abroad. For more information on X2, please visit www.x2dev.com.

About Follett's K-12 Businesses
Follett is the largest provider of technology solutions and educational materials to PreK-12 libraries, classrooms, learning centers and school districts in the United States, and a major supplier to educational institutions worldwide.  Follett is one of the leading providers of integrated educational technology for the management of physical and digital assets, the tracking, storing and analyzing of academic data, and digital learning environment tools for the classroom focusing on student achievement. Follett also distributes books, reference materials, digital resources, eBooks and audiovisual materials, as well as pre-owned textbooks.

About Follett Corporation
Follett Corporation is a $2.7 billion, privately-held company that provides products, services and solutions to the educational marketplace. Follett Corporation was founded in 1873, and today is headquartered in River Grove, Illinois.  For more information on Follett, please visit www.follett.com.