How it started
History
Boundless was founded in March 2011 by Ariel Diaz, Aaron White, and Brian Balfour. The company raised $1.7 million in funding during 2011.
In March 2012, the company was sued by three publishers: Pearson Education, Cengage Learning, and Bedford, Freeman & Worth Publishing Group (owned by Macmillan Publishers). Among other allegations, the lawsuit claims that "Boundless textbooks copy the distinctive selection, arrangement, and presentation of Plaintiffs’ textbooks, along with other original text, imagery, and protected expression of Plaintiffs and their authors, all in violation of the Copyright Act." On December 17, 2013, the company announced that the lawsuit had been settled. Terms of the settlement are confidential.
Boundless raised an additional $8 million in venture capital funding in April 2012. In January 2013, the company claimed that students at over 2000 colleges in the United States were using its textbooks.
It was acquired by Valore, another company in the Boston area, in April 2015. Valore was acquired by Follet, a Westchester, Illinois-based education-products company, in November 2016.
From Wikipedia’s article on Boundless, shared under CC BY-SA 4.0.3