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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 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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