John Wiley & Sons Inc. has signed an agreement to obtain Learning House from Weld North Holdings. Learning House shareholders will receive US$200 million in cash under the agreement.
Learning House offers online program management services for colleges and universities, short courses, and skills training and credentialing for students and professionals.
Wiley’s goal is understanding the changing needs of their partners and investing in their success of helping students reach their education and career goals.
“Partnering with Learning House, we now have the scale and service offerings to be he clear-cut partner of choice,” commented Matt Hillman, general manager of Wiley Education Services .
The agreement will bring the creation of a software and services leader in the $2.3bn OPM market with a $200m annual combined revenue, over 60 university partners, over 800 online graduate and undergraduate degree programs, and targeted institutional services such as student recruitment and enrolment.
Learning House will further expand Wiley’s reach into the $10+ billion education services spaces, training services in critical areas such as software development and teaching, and a job matching network for more than 450 employers.
“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,” commented Brian Napack, president and CEO of Wiley.
For Weld North, this transaction makes sense as they focus their resources on rapidly scaling their exciting K12 digital education opportunity.
“We are proud of the Learning House team and look forward to their continued success,” commented Jonathan Grayer the CEO of Weld North in a press release.
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