Hoboken-based John Wiley & Sons Inc., a publishing company, announced Monday it has agreed to acquire the assets of Knewton, a New York City-based provider of affordable courseware and adaptive learning technology.
John Wiley’s acquisition of Knewton includes its Alta courseware platform, which delivers Open Educational Resource content to more than 300 colleges and universities.
“The Knewton team have long been pioneers in digital and data-driven learning and now they are leading the way in the delivery of powerful, affordable courseware,” Wiley CEO and President Brian Napack said. “The Alta platform’s proven ability to drive outcomes at affordable price points is right on target with what the market is demanding. We are truly thrilled to have the team join the Wiley family.”
“The demand has never been greater for courseware that addresses two critical needs in education – outcomes and affordability. The addition of Knewton’s technology capabilities and the Alta platform to Wiley’s portfolio of leading content, learning platforms, and business models enhances our position as a leader in the high-demand, career-focused markets where Wiley chooses to play. Further, it enhances Wiley’s position as the high-impact education partner for our unmatched network of university and corporate clients,” Napack said.
The deal is expected to close on May 31. Financial terms were not disclosed.
“Wiley is a company that brings global scale, a legacy of integrity, and a commitment to lifelong learning, research, and innovation, and joining the Wiley family fulfills our vision to put achievement within reach for all,” Brian Kibby, CEO of Knewton, said.
