8-K 1 ck050114_8k.htm CK ACQUISITION ck050114_8k.htm
 


 
 
 
UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington D.C. 20549

FORM 8-K

CURRENT REPORT


Pursuant to Section 13 or 15 (d) of the Securities Exchange Act of 1934


May 1, 2014
(Date of Report)
(Date of earliest event reported)

JOHN WILEY & SONS, INC.
(Exact name of registrant as specified in its charter)

New York
(State or jurisdiction of incorporation)

 
0-11507
13-5593032
 
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Commission File Number
IRS Employer Identification Number
 
111 River Street, Hoboken NJ
07030
 
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Address of principal executive offices
Zip Code
 
Registrant’s telephone number, including area code:
(201) 748-6000
   
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
  [ ] Written communications pursuant to Rule 425 under the Securities Act(17 CFR 230.425)
  [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act(17 CFR 240.14a-12)
  [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act
       (17 CFR 240.14d-2(b))
  [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act
      (17 CFR   240.13e-4(c))



 
 

 
 
Investor Contact:                                                             Media Contact:
Brian Campbell, Investor Relations                               Linda Dunbar, Corporate Media Relations
201.748.6874                                                                      201.748.6390
brian.campbell@wiley.com                                             ldunbar@wiley.com
 
ITEM 8.01:     OTHER EVENT

Wiley Completes Acquisition of CrossKnowledge
Wiley positioned to become a global leader in professional learning and talent management

Hoboken, NJ, May 1, 2014 — John Wiley & Sons, Inc. (NYSE: JWa and JWb), a global provider of knowledge and knowledge-enabled solutions that improve outcomes in research, professional practice, and education, announced today that it has completed the acquisition of CrossKnowledge, a learning solutions provider focused on leadership and managerial skills development, for $175 million in cash.
 
Privately-held with over 200 employees, CrossKnowledge offers subscription-based, digital learning solutions for multi-national corporations, universities, and small and medium-sized enterprises.  CrossKnowledge solutions, which include managerial and leadership skills assessment, courses, certifications, content, and executive training programs, are delivered on a cloud-based platform providing over 17,000 learning objects in 17 languages.  Solutions can be readily customized for each individual client, providing employees with access to relevant learning and development resources in a tailored online experience. CrossKnowledge generated $37 million of revenue in its fiscal year ending June 30, 2013.  The Company is headquartered in Paris, France.
 
Conference Call
Wiley management will provide further details and address questions during a conference call scheduled for May 8, 2014 at 2:00 pm ET.
 
·  
Access the webcast at www.wiley.com> Investor Relations> Events and Presentations, or http://www.wiley.com/WileyCDA/Section/id-370238.html
·  
U.S. callers, please dial (888) 417-8465 and enter the participant code 9593011#
·  
International callers, please dial (719) 325-2393 and enter the participant code 9593011#
·  
An archive of the webcast will be available for a period of up to 14 days

About Wiley
Wiley is a global provider of knowledge and knowledge-enabled services that improve outcomes in areas of research, professional practice, and education.  Through the Research segment, the Company provides digital and print scientific, technical, medical, and scholarly journals, reference works, books, database services, and advertising. The Professional Development segment provides digital and print books, online assessment and training services, and test prep and certification.  In Education, Wiley provides print and digital content, and education solutions including online program management services for higher education institutions and course management tools for instructors and students.

About CrossKnowledge
CrossKnowledge is a leader in cloud-based distance learning solutions. Its full SaaS solutions are based on exclusive learning technologies, delivering the most sought-after content in the world and a range of accompanying services. CrossKnowledge solutions enable fast workforce empowerment and global strategic alignment, guaranteeing a unique learning experience for the individual and a real return on investment for the organization.  CrossKnowledge learning content and formats are developed in collaboration with an international 'Faculty', comprising the best authors, professors and management professionals from the most renowned business schools in the world. CrossKnowledge has created the CrossKnowledge Academy in order to formalize and share its expertise in instructional design and deployment with its clients via certification programs. CrossKnowledge operates worldwide and serves companies including global enterprises, mid-sized companies and the education sector spanning more than five million users.

 
 

 

SIGNATURES


Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized



 
JOHN WILEY & SONS, INC.
 
Registrant



 
By 
/s/ Stephen M. Smith
   
Stephen M. Smith
   
President and Chief Executive Officer




 
By 
/s/ John A. Kritzmacher
   
John A. Kritzmacher
   
Executive Vice President and
   
Chief Financial Officer
     



 
Dated: May 1, 2014