John Wiley continues to diversify its business portfolio, reaching an agreement to acquire Deltak.edu, for $220 million. With offices in Denver, Chicago and Orlando, Deltak works in partnership with colleges and universities to develop and support online degree and certificate programs. Its technology platforms and services include market research validating program demand, instructional design, marketing, and student recruitment and retention services to national and regional colleges and universities throughout the U. S. It had revenue of $54 million in the fiscal year ended September 2012.
According to Wiley, the acquisition, which is expected to close by the end of October, will accelerate the company’s digital learning strategy and diversify the company’s service offerings to include operational and academic solutions for higher education institutions. “The acquisition of Deltak will extend Wiley’s Global Education trajectory into a high-growth segment of the market and bring additional expertise to the organization in such areas as curriculum design, student recruitment services, and next generation technology solutions,” said Joseph Heider, Wiley’s senior v-p, Global Education.
