Textbook publisher quits Stamford for Boston
STAMFORD, Conn. (AP) — Textbook publisher Cengage Learning Inc. says it’s moving its headquarters from Connecticut to Boston.
The company, which emerged from Chapter 11 bankruptcy protection this month after restructuring its finances, will locate 500 jobs in Boston and is looking to add about 50 full-time jobs. Spokeswoman Lindsay Stanley tells the Advocate of Stamford that the Stamford site has about 30 employees and some will relocate to Boston.
Cengage praised Boston as home to some of the nation’s leading publishers and companies in education technology and a premier network of colleges and universities.
Cengage has been in Stamford since 2007, when private equity investors purchased the unit from Thomson Reuters.
It filed for bankruptcy protection in July with $5.8 billion in debt.