HOUGHTON MIFFLIN CO

HOUGHTON MIFFLIN CO

Previous company name
HOUGHTON MIFFLIN & CO
Name change date
4/2/1967
Company Overview
Houghton Mifflin Company is a major publisher of textbooks, reference works, fiction, non-fiction, and educational software and video. The company traces its history back to 1832, when William Ticknor purchased The Old Corner Bookstore in Boston and, together with partner James Fields, established a publishing house. By the mid-nineteenth century, Ticknor and Fields had assembled the most distinguished list of writers ever associated with one American publisher, including Henry Wadsworth Longfellow, Ralph Waldo Emerson, Nathaniel Hawthorne, Harriet Beecher Stowe, Mark Twain, and Henry David Thoreau. In 1880, Ticknor and Fields merged with The Riverside Press to form a partnership called Houghton, Mifflin and Company. While continuing to publish the esteemed authors on the Ticknor and Fields trade list, Houghton, Mifflin and Company also established an Educational Department in 1882.
Based in Boston, Massachusetts, USA, Houghton Mifflin is one of the leading educational publishers in the United States, publishing textbooks, instructional technology, assessments, and other educational materials for teachers and students of every age. The company also publishes an extensive line of reference works and award-winning fiction and nonfiction for adults and young readers including the Best American series (annual collections of previously-published fiction and non-fiction).
Houghton Mifflin aims to product excellence and strive to surpass each customer’s expectations. It also encourages and fosters creativity and personal growth for its authors, employees, customers, and students alike. Besides its headquarters in Boston, the company also has regional offices across the country that caters to state and regional needs. It also maintains distribution centers in Indianapolis, Indiana, and Geneva, Illinois.
Houghton Mifflin operates through the following divisions: School, Great Source, McDougal Littell, Learning Technology, College, Riverside Publishing, Trade and Reference, and International.
Houghton Mifflin School division publishes resources for teachers, students, and parents for pre-K-8. Products such as workbooks, teacher guides, audio-visual guides, and computer software provide additional support for students and teachers at each grade level. Houghton Mifflin School Division publishes science, reading, language arts, mathematics, and social studies textbooks, as well as an integrated pre-K curriculum. In addition, the division produces programs for reading and math intervention, professional development tools, and learning technologies.
Great Source publishes standards-based, proven solutions for reading, language arts, math, and science for pre-K-12. Great Source also produces effective materials for summer school, afterschool, and intervention programs, quality test preparation, and resources to meet the needs of a wide variety of learning styles, including those of English learners.
McDougal Littell offers a wide range of standards-driven programs that reflect the latest in educational research and address the needs of all learners, providing teachers and students with solutions for success in the classroom. It publishes an extensive offering of print and technology materials for language arts, mathematics, social studies, world languages, and science for grades 6-12.
Houghton Mifflin Learning Technology develops and delivers highly engaging, interactive pre-K-12 solutions that inspire excellence and innovation, and raise student achievement. This division publishes some of the most well-known brands in the industry, including Destination Math and Destination Reading, Earobics, Larson Learning, SkillsTutor, and Learning Village. Supplemental titles, such as the Edmark House Series, Reader Rabbit, Oregon Trail, Carmen Sandiego, and The Print Shop, completes the division’s offerings.
Houghton Mifflin College Division makes knowledge accessible and meaningful to learners at four-year, community, and career colleges. With an inclusive approach to content and pedagogy, the division publishes textbooks, study guides, technology tools, and other materials primarily for introductory-level college courses.
Riverside Publishing offers a wide range of highly regarded clinical, state, formative, educational, and group assessment products. As a charter member of the Association of Test Publishers, Riverside serves both the K-12 educational market and the clinical assessment market with print, CD-ROM, and online assessment tools.
The Trade and Reference division publishes adult, juvenile, and reference books, including 28 Pulitzer Prize winners, nine National Book Award winners, 11 recipients of Caldecott Medals, and 10 recipients of Newbery Medals. Its adult titles include literary fiction and poetry from both emerging and established authors, a broad spectrum of nonfiction including award-winning cookbooks, and the highly acclaimed trade paperback line Mariner Books. Reference titles include the American Heritage dictionaries and the Peterson Field Guides.
Outside the United States, customers can purchase Houghton Mifflin Company products and services through the International division and its comprehensive network of sales representatives. The Houghton Mifflin School (pre-K-8), College, and Trade and Reference divisions, as well as Great Source (pre-K-12 supplemental materials), McDougal Littell (grades 6-12), and Riverside Publishing (assessments) provide quality materials and services to meet the diverse needs of educators and students around the world.
Besides the US, the company also operates in the United Kingdom, Europe, the Middle East, Africa, Canada, Australia, New Zealand, Papua New Guinea, China, Taiwan, Hong Kong, Japan, South Korea, Singapore, Malaysia, Brunei, Thailand, Indonesia, India, Pakistan, the Philippines, Pacific Islands, U. S. Virgin Islands, Puerto Rico, Bolivia, Colombia, Ecuador, Guyana, Peru, Suriname, Venezuela, Argentina, Brazil, Chile, Paraguay, Uruguay, Mexico and Central America.
Business Summary
Houghton Mifflin Company is a publisher in the kindergarten through 12 Grade (K-12) and college education, trade and reference, and educational and clinical testing markets in the United States. The Company’s portfolio of products and services includes textbooks, workbooks, supplemental materials, technology-based products, teaching guides, various types of standardized and customized tests, and a range of trade and reference titles. The Company has seven divisions that offer products and services. These divisions operate in three segments: K-12 Publishing, College Publishing, and Trade and Reference Publishing. The Company is a wholly owned subsidiary of HM Publishing Corp, which is a wholly owned subsidiary of Houghton Mifflin Holdings, Inc.
Description and history
Houghton Mifflin Company is a publisher in the kindergarten through 12 Grade (K-12) and college education, trade and reference, and educational and clinical testing markets in the United States. The Company’s portfolio of products and services includes textbooks, workbooks, supplemental materials, technology-based products, teaching guides, various types of standardized and customized tests, and a range of trade and reference titles. The Company has seven divisions that offer products and services. These divisions operate in three segments: K-12 Publishing, College Publishing, and Trade and Reference Publishing. The Company is a wholly owned subsidiary of HM Publishing Corp, which is a wholly owned subsidiary of Houghton Mifflin Holdings, Inc.

The K-12 Publishing segment consists of four divisions: School Division, McDougal Littell, Great Source Education Group, and the Assessment Division, which includes Riverside and Edusoft. This segment sells textbooks, instructional materials and services, tests for measuring achievement and aptitude, clinical and special needs testing products, multimedia instructional programs, and career guidance products and services. The principal markets for these products are elementary and secondary schools. The College Publishing segment includes the College Division. This segment sells textbooks, ancillary products, such as workbooks and study guides, technology-based instructional materials, and services for introductory and upper level courses in the post-secondary education market. Products may be in print or electronic form. The principal markets for these products are two and four year colleges, and universities. These products are also sold to high schools for advanced placement courses and to for-profit, certificate-granting institutions that offer skill-based training and job placement.

The Trade and Reference Publishing segment consists of the Trade and Reference Division and Kingfisher. Kingfisher management reports functionally to the Trade and Reference Division. This segment publishes fiction and nonfiction for adults and children, dictionaries and other reference works. The segment also licenses book rights to paperback publishers, book clubs, Websites, and other publishers and electronic businesses in the United States and abroad. The principal markets for these products are retail stores, including Internet bookstore sites and wholesalers. Reference materials are also sold to schools, colleges, libraries, office supply distributors and businesses.

The company traces its history back when William Ticknor purchased The Old Corner Bookstore in Boston and, together with partner James Fields, established a publishing house. In 1880, Ticknor and Fields merged with The Riverside Press to form a partnership called Houghton, Mifflin and Company

Business Line
A major publisher of textbooks, reference works, fiction, non-fiction, and educational software and video
Subsidiary
GREAT SOURCE EDUCATION GROUP, INC
Advisor
ERNST & YOUNG LLP
IPO date

US SIC Code
2731
Company Address
222, Berkeley Street

City province or state postal code
02116, BOSTON, MA
Phone: +1 617 351 5000
Fax: +1 617 351 1100
Country address: UNITED STATES OF AMERICA
Website url: www.hmco.com