Wiley to Acquire Knewton Assets
John Wiley & Sons today announced it will purchase the assets of adaptive learning company Knewton.
Knewton's Alta courseware product integrates adaptive technology with open educational resources content, offering affordable course content in key subject areas such as math, chemistry and economics. Last year, the company released a line of $44 adaptive digital textbooks, in use by more than 300 colleges and universities, according to a news announcement. With the acquisition of the Alta platform, Wiley hopes to accelerate its position in the affordable courseware market, the announcement said.
"The Knewton team have long been pioneers in digital and data-driven learning and now they are leading the way in the delivery of powerful, affordable courseware," said Brian Napack, president and CEO of Wiley, in a statement. "The Alta platform's proven ability to drive outcomes at affordable price points is right on target with what the market is demanding."
"Wiley is a company that brings global scale, a legacy of integrity, and a commitment to lifelong learning, research, and innovation, and joining the Wiley family fulfills our vision to put achievement within reach for all," commented Brian Kibby, CEO of Knewton.
The acquisition is expected to close at the end of May.
About the Author
Rhea Kelly is editor in chief for Campus Technology, THE Journal, and Spaces4Learning. She can be reached at [email protected].