Wiley Announces Agreement To Acquire Zyante Inc

This version may contain certain forward-looking statements. Confidence should not be placed on forward-looking statements, as actual results may differ materially from those of forward-looking statements. These forward-looking statements are based on a series of assumptions and estimates that are naturally subject to uncertainties and contingencies, many of which are beyond the control of the company and are subject to change, based on many important factors. These factors include (i) the level of investment in new technologies and products; (ii) subscription renewal rates for company periodicals; (iii) the financial stability and liquidity of subscriptions to periodicals; (iv) consolidation of accounting wholesalers and retail accounts; v) the market position and financial stability of the major online retailers; (vi) the seasonality of the company`s educational activities and the effects of the used book market; (vii) global economic and political conditions; (viii) the company`s ability to protect its copyrights and other intellectual property rights worldwide (ix) the company`s ability to successfully integrate acquired transactions and realize expected opportunities, and (x) other factors that appear from time to time in the company`s filings with the Securities and Exchange Commission. The entity undertakes no commitment to update or revise any forward-looking statements to reflect future events or circumstances. The major publishers could not help noticing this type of market penetration and the positive experiences of students and teachers. Earlier this month, John Wiley and Sons Inc., one of the world`s leading textbook publishers, acquired Zyante Inc. for $56 million. Wiley Investors: Brian Campbell, `1 201 748 6874 brian.campbell@wiley.com or Media: Lauren Andrich, `1 201 748 5838 landrich@wiley.com Separately, the Tennessee governor`s office announced that their Department of Economic and Community Development is supporting Ingram`s Lightning Source which will invest 22 million to create an additional-print-on-demand facility in Jackson, TN.

This POD plant is operated next to the Ingram distribution centre, acquired in 2016 by Perseus. The state says the new plant will create 150 jobs over the next three years. Wiley acquired Zyante, a computer and science and science training provider, for $56 million. John Wiley Scientific Publishing House – Sons (NYSE: JW. A), said Monday that it will buy Zyante, Inc., a provider of computer and meticulous educational materials. Under the agreement, Zyante shareholders will receive $56 million in cash. The educational company hoboken, N.J., has taken over Zyante, Inc., the developer of zyBooks, a digital educational materials platform for computer science and mint courses. This marks the second purchase of wiley in three months, after buying the highly hypnotized (and generously funded) Knewton in May. Wiley`s acquisition of Zyante is the first major purchase of fiscal 2020. Last year, Wiley Learning House was acquired by Weld North Holdings for $200 million. In fiscal 2022, Wiley plans to generate $2 billion in revenue based on its own identity cards, due to the expansion of the education services segment.

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