Ann Arbor-based XanEdu Inc. and New York City-based SharedBook Inc. have signed an agreement to merge the two privately held academic resource companies.

“The combined value proposition for customers is immense,” said John DeBoer, XanEdu CEO. “Separately, we each solve different industry needs. Together, we become the best end-to-end provider in the market, providing both full-service and do-it-yourself options. The combination allows us to better serve all of our higher educationconstituents — institutions, faculty, students, bookstores, publishers — as well as enter new markets.”

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