ScholarBuys

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. ^ a b c d e "Company Profile: ScholarBuys". Mansueto Ventures LLC.
  2. ^ Kalmar, Melanie. "Tech reseller finds strength in numbers". Sun-Times Media, LLC.
  3. ^ a b c d 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.