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Hoboken, NJ, United States, 2014/05/01 - John Wiley & Sons, Inc. announced that it has completed the acquisition of CrossKnowledge, a learning solutions provider focused on leadership and managerial skills development, for $175 million in cash - Wiley.com. NYSE: JWa, JWb
John Wiley & Sons, Inc., a global provider of knowledge and knowledge-enabled solutions that improve outcomes in research, professional practice, and education, announced today that it has completed the acquisition of CrossKnowledge, a learning solutions provider focused on leadership and managerial skills development, for $175 million in cash.
Privately-held with over 200 employees, CrossKnowledge offers subscription-based, digital learning solutions for multi-national corporations, universities, and small and medium-sized enterprises. CrossKnowledge solutions, which include managerial and leadership skills assessment, courses, certifications, content, and executive training programs, are delivered on a cloud-based platform providing over 17,000 learning objects in 17 languages. Solutions can be readily customized for each individual client, providing employees with access to relevant learning and development resources in a tailored online experience. CrossKnowledge generated $37 million of revenue in its fiscal year ending June 30, 2013. The Company is headquartered in Paris, France.
Wiley management will provide further details and address questions during a conference call scheduled for May 8, 2014 at 2:00 pm ET.
Access the webcast at wiley.com> Investor Relations> Events and Presentations, or wiley.com/WileyCDA/Section/id-370238.html
U.S. callers, please dial (888) 417-8465 and enter the participant code 9593011#
International callers, please dial (719) 325-2393 and enter the participant code 9593011#
An archive of the webcast will be available for a period of up to 14 days
Wiley (wiley.com) is a global provider of knowledge and knowledge-enabled services that improve outcomes in areas of research, professional practice, and education. Through the Research segment, the Company provides digital and print scientific, technical, medical, and scholarly journals, reference works, books, database services, and advertising. The Professional Development segment provides digital and print books, online assessment and training services, and test prep and certification. In Education, Wiley provides print and digital content, and education solutions including online program management services for higher education institutions and course management tools for instructors and students.
CrossKnowledge is a leader in cloud-based distance learning solutions. Its full SaaS solutions are based on exclusive learning technologies, delivering the most sought-after content in the world and a range of accompanying services. CrossKnowledge solutions enable fast workforce empowerment and global strategic alignment, guaranteeing a unique learning experience for the individual and a real return on investment for the organization. CrossKnowledge learning content and formats are developed in collaboration with an international 'Faculty', comprising the best authors, professors and management professionals from the most renowned business schools in the world. CrossKnowledge has created the CrossKnowledge Academy in order to formalize and share its expertise in instructional design and deployment with its clients via certification programs. CrossKnowledge operates worldwide and serves companies including global enterprises, mid-sized companies and the education sector spanning more than five million users.
Contact: Brian Campbell - Director, Investor Relations
E: brian.campbell[.]wiley.com - P: 201-748-6874