On March 31, 2014, Cengage Learning completed its financial restructuring and emerged from its Chapter 11 reorganization.
We are excited to be moving forward as a well-capitalized company with excellent liquidity and greater financial flexibility to accelerate our growth and continue to meet the evolving needs of our end-users and customers. Today, we are well-positioned both financially and operationally to have a profound impact on the learning experience while building Cengage Learning for the long-term benefit of our customers, employees, authors and business partners.
We are continuing to execute our strategy of transforming Cengage Learning into the education technology leader with the best selection of high quality educational and research content, digital solutions and personalized services.