Under terms of the acquisition, Learning House shareholders will receive $200 million. The deal is expected to close on or around Nov. 1.
Learning house, based in Louisville, Kentucky, provides online program management services for educational institutions, including graduate programs, short courses, bootcamps and more.
“Learning House is a dynamic growth company and we are thrilled to have Todd Zipper and the Learning House team join the Wiley family,” Brian Napack, CEO and president of Wiley. “The addition of Learning House to Wiley’s portfolio of tech-enabled education services positions us as a clear leader in the rapidly growing market for services that help institutions, corporations, professionals, and students to achieve their goals. Learning House will enable us to partner even more broadly with institutions and employers to give students a high-quality education, prepare them for the right job, and upskill and reskill them throughout their careers. As one of the world’s leading education companies, Wiley’s goals are society’s goals – to generate a strong return on investment in education by delivering programs that improve education and career outcomes and that truly bridge the gap between education and employment.”
Wiley’s Education Services business will combine with Learning House under the deal.
“The key to our success is understanding the changing needs of our partners and investing in their success to help students achieve their education and career goals,” Matt Hillman, general manager of Wiley Education Services, said. “Partnering with Learning House, we now have the scale and service offerings to be the clear-cut partner of choice. We are very excited to have Todd Zipper, a recognized industry leader, and his incredibly talented team at Learning House join our Wiley family.”
“We’re deeply honored to join Wiley, one of the most respected and forward-looking education companies in the world,” Zipper, CEO and president of Learning House, said. “Our university partners rely on us to thrive in highly-competitive enrollment environments, with pressing demands for outcomes, sophisticated learning tools, and efficiencies. Learning House as a part of Wiley is an incredible next step for us in our evolution, and I thank our employees for making it happen.”