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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 research and learning company. Co.'s segments are: Research, which provides scientific, technical, medical, and scholarly journals, as well as related content and services, to academic, corporate, and government libraries, learned societies, and individual researchers; Publishing, which acquires, develops and publishes scientific, professional and education books and related content, as well as test preparation services and course workflow tools, to libraries, corporations, students, and researchers; and Solutions, which provides online program management services for higher education institutions and learning, development, and assessment services for businesses.
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