ScholarBuys

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ScholarBuys LLC
Company typePrivate
IndustrySoftware, Education
Founded2007[1]
HeadquartersCarpentersville, Illinois, United States[1]
Key people
  • Matt Ryan
  • (co-founder)
  • Bob Smith
  • (co-founder)
[2]
RevenueIncrease$22.1 million (2017)[1]
Number of employees
9[1]
Websitewww.scholarbuys.com

ScholarBuys is an academic marketing company located in Carpentersville, Illinois, co-founded by Matt Ryan and Bob Smith.[3] ScholarBuys uses group buying to leverage economies of scale in software licensing.[3] Company revenues doubled between 2008 and 2010, and the firm has launched an offshoot brand, VarsityBuys, which targets students, rather than college administrators.[3] In Illinois, the company handles software licensing for over 50 colleges and universities, although the firm's reach is national.[3] The company entered into a partnership in 2011 with the Federation of Independent Illinois Colleges and Universities.[4] ScholarBuys has been named to Inc Magazine's Inc. 5000 list four different times (2012, 2013, 2017, and 2018), including a ranking at #41 on the "Top 100" companies in Education.[1]

References

  1. 1.0 1.1 1.2 1.3 1.4 "Company Profile: ScholarBuys". Mansueto Ventures LLC.
  2. Kalmar, Melanie. "Tech reseller finds strength in numbers". Sun-Times Media, LLC.
  3. 3.0 3.1 3.2 3.3 Chinwah, Larissa (January 26, 2011). "Economic downturn? Not at this business". Daily Herald. Retrieved February 22, 2013.
  4. Cadwallader, Naomi (30 June 2011). "ScholarBuys Announces New Illinois Higher Education Partnership". Chicago Tribune. Retrieved 24 February 2013.