Youngstown-based
Turning Technologies, a software development company, has acquired their largest competitor,
eInstruction, a leader in global education technology.
The acquisition is the largest of Turning's to date and positions the
Youngstown Business Incubator (YBI) portfolio company to further their international dominance in Europe, South America and Asia.
Jim Cossler, CEO at YBI, believes this latest acquisition is a good example of the incubator's potential. “It answers a lot of questions that people had about our model,” he says. “We announced to the world in 2001 that we were going to launch a world-class market in downtown Youngstown. There weren’t many people in our community or northeast Ohio who believed us, but we’ve done that.”
Since its inception, YBI has seen numerous acquisitions take place and eInstruction will hardly be the last. Cossler hints, “We think there will be more in the relatively near future.”
Cossler continues, noting the eInstruction acquisition will bring growth to the region. “There will definitely be new job creation in Youngstown as a result,” he says. One area ripe for growth is warehouse space, which Cossler describes as currently inadequate to accommodate the merger. “They’re in the process now of looking for new warehouse facilities in the greater Youngstown area.”
Source: Jim Cossler
Writer: Joe Baur