Rafter today launched as a new education technology company offering a network of software services that enable administrators and educators to better control cost and manage course materials for their students. Addressing higher education course materials management at an enterprise level, Rafter’s Course Materials Network is the first suite of cloud-based software services that reduces costs for students and stores, helps educators discover and adopt the best materials, and provides college administrators with unprecedented power to control the complexities and reduce the costs of the entire course materials management process.
Rafter evolved out of one of the fastest growing education technology companies, textbook rental company BookRenter, which has saved millions of students more than $175 million across more than 5,000 campuses nationwide. In 2010, the company began to partner directly with schools to co-develop services to reduce the cost of and improve the experience associated with textbooks. Today, more than 500 schools have adopted BookRenter’s solution.