Wiley acquires Deltak.edu to expand global education presence
John Wiley & Sons, Inc. has acquired Deltak.edu, LLC, a privately held Chicago-based provider of higher education and online learning services, for $220 million. The acquisition, which is expected to close by the end of October, will accelerate Wiley’s digital learning strategy and diversify the company’s service offerings to include operational and academic solutions for higher education institutions.
Deltak is a company that works in close partnership with leading colleges and universities to develop and support fully online degree and certificate programs. The business, founded in 1997, provides technology platforms and services including market research validating program demand, instructional design, marketing, and student recruitment and retention services to leading national and regional colleges and universities throughout the United States to achieve strategic outcomes with online and hybrid program offerings. Today, Deltak supports more than 100 online programs.
“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 Vice President, Global Education. “We will leverage Wiley’s publishing assets, student and instructor workflow applications, institutional relationships, and market expertise to add a competitive advantage to Deltak’s current offerings and develop new products and services for the higher education market. We’ll also expand our online learning services to universities worldwide and create opportunities for Deltak’s partners to increase their reach to the global markets we serve.”
Stephen M. Smith, Wiley’s President and Chief Executive Officer, added, “The exciting combination of Wiley and Deltak provides an opportunity for us to serve the growing needs of a wide range of customers in Higher Education around the world. Looking ahead, it will provide us with a platform for transformative institutional products and services that will benefit customers across Wiley, including professionals, scholarly society customers, and higher education institutions.”
”We are very excited to join the John Wiley & Sons, Inc., family,” said Craig Pines, Deltak’s President and Chief Executive Officer. “Wiley’s scale, digital assets, and international reach will substantially enhance the value we can deliver to our university partners and allow us to accelerate our growth strategies and reach new markets. Of equal importance, our cultures are closely aligned as people-focused organizations with a strong desire to develop our colleagues into leaders.”