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Slide #64. John Wiley & Sons, Inc. — Efficient Learning Systems, Inc.
John Wiley & Sons, Inc. (NYSE:JW.A)
Efficient Learning Systems, Inc.
John Wiley & Sons, Inc., a global provider of content and workflow solutions supporting research; professional development; and education, announced today that it has acquired Efficient Learning Systems (ELS), Inc, an e-learning system provider in areas like professional finance and accounting, for $24 million. For the fiscal year ending December 2012, ELS' revenue is expected to be approximately $7 million, and growing rapidly. Wiley expects the acquisition to be essentially neutral to earnings for its fiscal year ending April 30, 2013.
John Wiley & Sons is a global research and learning company. Co.'s segments are: Research Publishing & Platforms, which supports researchers, professionals and learners in the discovery and use of research knowledge to help them achieve their goals in research, learning and practice; Academic & Professional Learning, which provides scientific, professional, and education books in print and digital formats, digital courseware, and test preparation services; and Education, which provides online program management services for higher education institutions and mthree training, upskilling and talent placement services.
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