Barnes & Noble Education announced that it has acquired PaperRater.com, a leading website that offers students a suite of writing services that includes a plagiarism checker, writing revision tools and an AI-based auto-grading scoring system to help them improve multiple facets of their writing. Founded in 2009, PaperRater has more than 18 million submissions of English language content, adding millions of pieces of new content each year, from essays and dissertations to personal narratives and speeches, and represents a significant expansion of BNED's digital content library. PaperRater's operations will become part of the Company's Digital Student Solutions business segment, and will further strengthen its existing proprietary content database, as well as significantly increase monetization opportunities for the websites purchased in the Student Brands acquisition last August. BNED acquired PaperRater on August 21, 2018 in an all-cash transaction. The acquisition is expected to be accretive to BNED's EBITDA, Net Income and Cash Flow in FY2019.
