March 4, 2010
BookRenter Makes Education More Affordable for Everyone, Enabling Any Organization to Instantly Launch an Online Textbook Rental Store
New Open Platform Empowers Any Business to Save Students Thousands by Renting Their Textbooks Online
Campbell, CA March 4, 2010 -- BookRenter, the leading online textbook platform company, today announced that in its mission to make education more affordable for everyone, the company is opening up the BookRenter Platform to empower any institution or business to launch its own online textbook rental store. In less than an hour, organizations can establish an online branded store without the need for capital investment, textbook inventory, or technical staff. The opening and expansion of the BookRenter Platform is the latest move by the company to help ease the educational cost burden that all students face while increasing the market opportunity for suppliers, effectively creating value for students, businesses, and textbook companies alike.
The BookRenter Platform is the technology that powers www.bookrenter.com. All BookRenter Platform partners have access to the widest selection of textbooks available online via inventory that is electronically sourced from the largest textbook suppliers. Partners make use of BookRenter's dynamic pricing engine, which updates textbook prices in real time by responding to shifts in market supply and demand. With BookRenter's unmatched logistics and premium shipping options, partners will also be certain that textbooks will reach their customers on time. And with BookRenter's analytics platform and on-demand reporting capabilities, they can take advantage of the industry's best source of market intelligence, giving them everything they need to successfully compete in the textbook-rental market.
"Opening up the BookRenter Platform is a natural extension of our business. After two years of success and incredible growth, and after speaking with so many campus and industry leaders who were interested in textbook rentals, extending further into the ecosystem simply made sense for students, our partners, and BookRenter," said Mehdi Maghsoodnia, chief executive officer of BookRenter. "And this is just the beginning. Our powerful platform will continue to expand and empower countless partners in extraordinary ways, fundamentally changing the entire textbook landscape."
For more information on how to create a textbook rental store on the BookRenter Platform, please visit www.bookrenter.com/stores.
BookRenter launched in 2008 and is dedicated to making education more affordable by allowing students to rent textbooks for up to 75% off the retail price. BookRenter's innovative pricing and operating systems provide students with the best price, highest quality books, and most flexible rental experience available today. Currently carrying over 3 million titles and serving thousands of students on over 5,000 U.S. campuses, BookRenter is one of the fastest growing startups in Silicon Valley, growing at over 400% each year. BookRenter, with offices in Campbell, California, is a private company that is funded by prominent Silicon Valley venture capital firms. To learn more about how to use BookRenter for all of your textbook rental needs, please visit BookRenter.com.