Chegg's First Acquisition: CourseRank

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Chegg’s textbook rental business continues to grow like crazy – we’ve estimated 2010 revenues of $130 million, for example. And the company is now starting to acquire businesses complimentary to their core focus. First up is CourseRank, founded in 2007 by three stanford students. Total funding raised by CourseRank is $0 – it’s “Mountain Dew funded to date,” says Chegg.

CourseRank helps students choose classes, and 95% of Stanford students use it, says the company.UC Berkeley, Duke, Cornell and other universities and colleges in the U.S. and Canada now use it as well. The company now has five employees.

From the CourseRank website:

CourseRank is a website that aims to streamline the process of choosing the right courses for each student, and helping students take advantage of the diverse opportunities offered at their university. The website is specifically tailored to each university and provides students with all the information they need to help plan their academic careers. Features provided by the website include: Student courses ratings and reviews, a planner to help organize your academic career and grades, a weekly schedule of your courses – which you can share with your friends, and a place for you to find your books for next semester!

Chegg has raised $144 million in venture and debt capital since 2007, and hired former Yahoo COO Dan Rosensweig as CEO earlier this year.

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