The Kno tablet was to be a hardware solution for cheap textbooks.
As we reported in January, Kno tablet thought their unique tablet design was the answer; however, it now appears they believe the answers lies in software. They recently secured another $30 million in investment capital led by Intel Capital. As a part of the deal Intel will acquire the Kno tablet designs that it is planning on releasing to other tablet hardware manufacturers, while Kno will focus on its software to manage devices focused on the college market and delivery cheap textbooks solutions to college students.
Sources report that the Kno executives, including Osman Rashid, founder of textbook rental company Chegg that is rumored to be focusing on preparing for an IPO in the near future. Rashid has a great deal of experience providing cheap textbooks to students with Chegg that allowed students to rent college books online, but also he directed the company in more of digital education direction before leaving to found Kno. It is believed that after looking at the already very competitive tablet market, currently dominated by Apple, but including Google, Motorola, Microsoft, and Dell, Rashid and Kno decided it would be better to focus on software solutions and leave the hardware to the heavy hitter experts. The Kno had been priced at $599 and $899 for the dual screen model, but reports say that very few of the units have shipped, especially when compared to the millions of iPad 2 units that shipped within weeks of initial release.
Therefore, Kno will now be focused on providing its software solutions to other tablet devices like the iPad platform, but also including platforms based upon the Google Android mobile computing platform expected to be released over the next several months. “We are excited to have the opportunity to continue building our solutions in broader education markets and onto the innovative Intel-based platforms,” said Osman Rashid, CEO and Co-Founder, Kno, Inc. “We look forward to working together with the ultimate goal of making learning engaging, collaborative and fun for students.” Kno will continue to focus its software to accomplish its mission of making college learning more interactive, engaging, social for students and ultimately more effective. Look for Kno to provide a creative solution in the etextbook market as they now solely focus on electronic textbook innovations.