Start-Up NY ‘s Classbook.com acquired by Follett Corp.
By: Larry Rulison | Albany Times Union
Classbook.com, an online educational textbook publisher that is part of the University at Albany’s Start-Up NY program, has been acquired by the school book giant Follett Corp.
Terms of the deal were not revealed.
Classbook.com was based in Castleton in Rensselaer County when it was accepted into Gov. Andrew Cuomo’s tax-free Start-Up NY program in 2014. The company affiliated with UAlbany and moved much of its operation to a building on Broadway in downtown Albany, although it still lists the Castleton site as its headquarters.
It is unclear how the Follett acquisition will impact Classbook.com’s Start-Up NY status or its employment in Albany or Castleton. The company promised to add 72 jobs at the Albany site, located at 418 Broadway.
Last October, the company laid off some workers in Castleton, according to a person with knowledge of the situation who asked not to be identified. The person said the company now has about 50 full and part time employees between the two sites, although it has a hiring surge in Castleton during the summer months.
Pfister was not in the office Wednesday morning and did not immediately return a message left on his voice mail.
“We are excited about the future, what Follett brings to the table, and know that together we will take great care of our loyal and passionate customers,” Classbook.com CEO Anthony Pfister said in a statement.
Originally published at blog.timesunion.com on February 24, 2016.