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 www.wiley.com> Investor Relations> Events and Presentations, orhttp://www.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