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Digital River Education Services Announces Acquisition of CCV SoftwareJourneyEd.com branches into K-12 education market with addition of popular education reseller. ORLANDO, FL, Jan. 23, 2008 At the Florida Educational Technology Conference (FETC), online education reseller Digital River Education Services, Inc., (JourneyEd) based in Dallas announced that it is in the final stage of acquiring CCV Software. CCV Software, headquartered in Vero Beach, FL, has signed a letter of intent to be acquired by JourneyEd. With the addition of the popular education reseller CCV Software to its business, JourneyEd will expand from serving higher education into the K-12 market. After the acquisition is final, JourneyEd will create two divisions within the company: A higher-education and a K-12 division. CCV will become the K-12 division within JourneyEd. The parties hope to close the deal by the end of January. JourneyEd.com is the leading multi-channel software marketer to the K-12 and post-secondary academic markets, which include students, faculty, staff, educational institutions and public school districts. Its Academic eStore Network (AEN), which includes more than 15,000 online eStores, offers thousands of market-leading software and technology products, including those published by Microsoft and Adobe, at discounts of up to 85 percent off retail prices to verified academic buyers. JourneyEd is also a leader in the business of verifying academic buyers. For information about JourneyEd call 800-876-3507 or visit the company online at www.JourneyEd.com. "There is very little overlap between JourneyEd and CCV," said Michael Fischler, Founder, President and Chief Executive Officer of JourneyEd.com. "JourneyEd's core business has been in the higher-ed space. CCV's core business is in the K-12 space. Together, we now have a comprehensive solution for both K-12 and post-secondary institutions." "The complementary markets, expanded product lines and the integrity of the JourneyEd management team has the entire staff of CCV Software enthusiastic about the acquisition," said Dr. Catherine C. Chandler, President and Chief Executive Officer, CCV Software. The acquisition will not affect either company's customers. Ultimately, customers will benefit from a larger product selection, improved customer service, and new programs that weren't available to them before. In JourneyEd's never-ending quest, over time it will find ways to improve the customer service and shopping experience with JourneyEd.com. The company will also use its cutting edge technology to power and give the back-engine of CCV's website a major upgrade, which will improve customers' shopping experience. From a people standpoint, JourneyEd will make available its entire Dallas team to help support CCV. CCV has excellent relationships with thousands of K-12 schools. Primarily its business is focused on direct school sales (business-to-business). JourneyEd wants to grow CCV's existing business while at the same time expand business-to-consumer, hardware and related technology business. With Dr. Chandler planning to retire after the acquisition, Fischler, who founded JourneyEd 18 years ago, will take over the reins at CCV. Fischler is a highly successful entrepreneur who grew JourneyEd from a start up into the largest dedicated multi-channel software provider to the post-secondary marketplace business, including divisions in Canada and Europe. For over 25 years, CCV Software has been dedicated to making the best educational software titles available to schools (K-12 and higher ed) at competitive prices and with superior customer service. As a result of the phenomenal success of the company and the hard work and dedication of all of its employees, Founder and President Dr. Catherine Chandler was selected by Ernst & Young as a 1999 Entrepreneur of the Year Award Winner. CCV Software's history of integrity and personal customer service and knowledge of products and licensing has made it a premier partner for the major software publishers. CCV Software has offices in FL, ND, NJ, and WV. Easy access to product information is provided to customers through a print catalog and website, www.ccvsoftware.com. # # # |