Susan Spilka
sspilka@wiley.com
Wiley
(201) 748-6147
Lindsay Brown
lindsay.brown@cengage.com
Cengage Learning
(203) 965-8634
Wiley Higher Education Acquires Business and Modern Language List from Cengage Learning
Hoboken, N.J., July 9, 2008 — Global publisher John Wiley & Sons, Inc. (NYSE:JWa) (NYSE:JWb), has acquired a list of Business and Modern Language textbooks and learning materials from Cengage Learning. Cengage Learning agreed to divest the works in connection with the Justice Department's review of its recent acquisition of the Houghton Mifflin College Division.
"The market-leading titles Wiley is acquiring from Cengage Learning provide a strong complement to Wileyís existing programs in Business and Modern Language, and have excellent growth potential, both in the U.S. and globally," said Bonnie Lieberman, Senior Vice President and General Manager, Higher Education Publishing.
The acquisition provides Wiley entry into the Introduction to Business course area, with a market-leading title, Contemporary Business,12th edition (13th edition to publish early in 2009), by Louis E. Boone and David E. Kurtz. These titles serve the first business course and offer Wiley an excellent opportunity to showcase its other business titles.
The acquisition also will leverage Wiley Higher Education's language program, which is currently centered on Spanish, transforming Wiley into a more full-service provider to college and university language departments by offering learning materials in Introductory and Intermediate Italian and French, German grammar, and Business French.
About Cengage Learning
Cengage Learning delivers highly customized learning solutions for colleges, universities, professors, students, libraries, government agencies, corporations and professionals around the world. These solutions are delivered through specialized content, applications and services that foster academic excellence, professional development, and measurable learning outcomes. Cengage Learning's company and imprint brands include Heinle, Gale, Wadsworth, Delmar, Brooks/Cole and South-Western, among others. For more information on Cengage Learning please visit www.cengage.com.
About Wiley
Founded in 1807, John Wiley & Sons, Inc. has been a valued source of information and understanding for 200 years, helping people around the world meet their needs and fulfill their aspirations. Since 1901, Wiley and its acquired companies have published the works of more than 350 Nobel laureates in all categories: Literature, Economics, Physiology or Medicine, Physics, Chemistry and Peace.
Our core businesses publish scientific, technical, medical and scholarly journals, encyclopedias, books, and online products and services; professional/trade books, subscription products, training materials, and online applications and websites; and educational materials for undergraduate and graduate students and lifelong learners. Wiley's global headquarters are located in Hoboken, New Jersey, with operations in the U.S., Europe, Asia, Canada, and Australia. The Company's Web site can be accessed at www.wiley.com. The Company is listed on the New York Stock Exchange under the symbols JWa and JWb.
