Barnes & Noble Education has announced an investment, through its college business, Barnes & Noble College™, in Flashnotes, Inc., an online marketplace for college students to sell and buy student-created course-specific study materials. Both companies will also enter into a Strategic Alliance Agreement that will enable Barnes & Noble College to promote Flashnotes.com at partner schools and on digital platforms and create positive change and improve academic outcomes by making students more active participants in their own education.
“One of the key objectives of the planned separation of Barnes & Noble Education, comprising the Barnes & Noble College business, from Barnes & Noble Inc., is to pursue strategic opportunities in the growing educational services markets , and our investment in Flashnotes.com is consistent with that objective,” said Max J. Roberts, Chief Executive Officer of Barnes & Noble Education.. “Together, Barnes & Noble College and Flashnotes.com can directly impact student success through a mutual partnership that aligns the student learning and studying experience with a built-in support system, while showcasing the campus bookstore as an important student resource.”
Flashnotes.com, which was founded in Ohio in 2010, is the student-to-student study materials marketplace. On Flashnotes.com, college students sell and buy student-created course-specific study materials—study guides, notes, flashcards, video tutorials, and live video help.
“This investment from Barnes & Noble Education is a powerful validation of how peer-to-peer learning is influencing the higher education process. We’re very excited to be partnering with such an iconic brand that shares our belief in empowering students to help one another,” said Mike Matousek, founder of Flashnotes .com.
The partnership with Flashnotes.com represents a unique new way for Barnes & Noble College to reach a growing segment of the higher education industry. According to Barnes & Noble College’s proprietary research, more than half of college students are receiving tutoring, but the experience is very fragmented with assistance coming from friends, the college, or other general online resources.
For more information on Flashnotes, visit www.flashnotes.com.
To read the press release in its entirety, click here.