Ingram Content Group has won a big chunk of business from student textbook rental company Chegg. The local publishing services company will handle the sourcing, warehousing, fulfillment, shipping and rental returns of Chegg's inventory. The companies aren't saying just how much the deal is worth although Chegg executives say they expect the outsourcing arrangement to reduce their print revenues by $8 million to $12 million.
"This is a long-term strategic growth opportunity," said John Ingram, chairman and CEO of Ingram Content. "Together, we will improve service and delivery speed for Chegg's students through the combined forces of Chegg's consumer brand and reach, and our expertise in distribution and logistics."
The two companies first partnered in the summer of 2011, with Ingram subsidiary Vital Source taking over the back end of some new Chegg services.
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