Textbook Rental Site BookRenter Spawns Rafter, A Course Materials Management Network For Colleges

College textbook rental startup BookRenter is announcing an interesting new venture today, pivoting slightly from the singular focus on rentals to a broader market. Rafter is launching as a network of software services which basically allows college administrators and educators to better control cost and manage course materials and products for their students. BookRenter will continue to operate, but as a division of Rafter. As BookRenter and Rafter CEO Mehdi Maghsoodnia explains to me, the sourcing of course materials is actually a challenge for many professors and administrators for a number of reasons. First, discovering the best course materials for a particular subject has been a process that has taken place largely through word of mouth and offline conversations. Second, there are major complexities in accessing the rights to content as well as fulfillment.

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