John Wiley & Sons Inc., the Hoboken-based education publishing firm, has agreed to acquire a provider of computer science and other STEM educational courseware, it announced Monday.
Shareholders of California-based Zyante Inc. will receive a total of $56 million in cash at the close of the deal — expected to be Monday.
Zyante, founded in 2012, is the maker of the zyBooks platform for science, technology, engineering and mathematics disciplines, filling in a gap between classroom and career, according to a news release.
“Computer science and STEM education is in very high demand due to the growing needs of the labor market,” Wiley CEO and President Brian Napack said in a prepared statement. “Zyante has brought to market a transformative technology platform and an approach to learning that delivers real outcomes in these critical, growing disciplines.”
Company founders Smita Bakshi and Frank Vahid will join Wiley, Napack said.
Vista Point Advisors was Zyante’s exclusive financial adviser.