Wiley to Acquire Deltak Innovation, an Online Education Company

John Wiley and SonsJohn Wiley & Sons Inc. said it agreed to buy online-education firm Deltak.edu LLC for $220 million, expanding the publishing company’s education business.

Deltak, a closely held company based in Chicago, works with colleges and universities to develop and support online degree and certificate programs. It currently supports more than 100 online programs. The company’s revenue was $54 million for its latest fiscal year, which ended last month. Wiley said it expects Deltak to contribute solid growth to both Wiley’s global education business and the company overall.

The acquisition is expected to close by the end of the month.

Deltak Innovation“The acquisition of Deltak will extend Wiley’s Global Education trajectory into a high-growth segment of the market and bring additional expertise to the organization in such areas as curriculum design, student recruitment services, and next generation technology solutions,” said Joseph Heider, senior vice president of Wiley’s global education business.

Why did Deltak decide to join forces with Wiley?
“The opportunity to combine Deltak with Wiley arose this past summer, and after extensive exploration, it
became clear that significant synergies existed between our businesses. Over the course of our
discussions, we developed a shared vision of what we can achieve together. Our well-matched
capabilities will enable us to make that vision a reality. The exciting combination of Wiley and Deltak
will provide new opportunities for us to serve the growing needs of a wide range of customers around the
world,” said Craig Pines, President and CEO of Deltak Innovation.

Wiley to Acquire Deltak Innovation, an Online Education Company was last modified: December 15th, 2013 by Brian Halstrom

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