Chegg has bought up homework help site Cramster in its second acquisition to date. The deal comes four months after the popular textbook rental service purchased CourseRank, a site that helps college students plan their courses. Cramster, which says it has one million members, connects college and high school students with “experts” who promise to provide homework help in as little as two hours; the site also features “step-by-step solutions” to the problems in more than 300 textbooks.
Chegg has used CourseRank to promote its textbook rentals, and it seems logical that it will now do the same with Cramster, although it does not specify that in its announcement, saying instead that it wants to “offer students the very best tools to help them save time, money and get smarter.”
Terms of the deal were not announced. Cramster had raised $9 million, including $6 million in a funding round in April. Chegg has raised more than $200 million. The company is led by former Yahoo (NSDQ: YHOO) COO Dan Rosensweig, who the company hired away from Activision (NSDQ: ATVI) last year.