John Wiley & Sons, Inc., a global leader in research and education, has signed an agreement to acquire the assets of Knewton, a provider of affordable courseware and adaptive learning technology, for an undisclosed amount. The transaction is expected to close on or around May 31, 2019, subject to customary closing and regulatory conditions. Headquartered in New York City, Knewton has developed an advanced learning system demonstrated to deliver highly-personalised learning experiences that drive superior outcomes. The Company’s Alta courseware platform delivers high-quality, Open Educational Resource (OER) content to more than 300 colleges and universities, with course offerings in key subject areas, including math, chemistry, and economics. The acquisition of the Alta platform, combined with Wiley’s reach, will accelerate Wiley’s position in the rapidly-growing, affordable courseware market. Knewton’s products are built on unique adaptive learning technologies that are optimised to improve learning outcomes through enhanced teaching and learning experiences and the delivery of real-time personalised learning recommendations. The platform’s advanced algorithms deliver custom learning experiences to address the unique needs of each learner through instantaneous feedback, learning pathways, and expert resources. Brought to you by Scope e-Knowledge Center, a trusted global partner for digital content transformation solutions - Abstracting & Indexing (A&I), Knowledge Modeling (Taxonomies, Thesauri and Ontologies), and Metadata Enrichment & Entity Extraction.
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