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Slide #69. John Wiley & Sons — Deltak.edu, LLC
John Wiley & Sons (NYSE:JW.A)
John Wiley & Sons, Inc. announced that it has agreed to acquire Deltak.edu, LLC, a privately held Chicago-based leader in higher education and online learning services, for $220 million. The acquisition, which is expected to close by the end of October, will significantly accelerate Wiley's digital learning strategy and diversify the company's service offerings to include operational and academic solutions for higher education institutions. For the fiscal year ended September 2012, Deltak's revenue was $54 million. Deltak will contribute solid growth to both Wiley's Global Education business and Wiley overall.
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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