About Wiley Publishing LLC
John Wiley & Sons (known as Wiley, for short) publishes scientific, technical, and medical works, including more than 9 million articles from about 1,700 journals as well as 22,000 online books and hundreds of multi-volume reference works, laboratory protocols, and databases. Journal subscriptions are primarily licensed through contracts for digital content available via its Literatum platform (formerly the Wiley Online Library). The firm also produces professional and nonfiction trade books, such as the For Dummies how-to series, and is a publisher of college textbooks. Wiley has operations in North America, Europe, Asia, and Australia. More than half of its revenue comes from the US.
Wiley organizes its operations by three business segments: Research Publishing & Platforms; (more than 50% of revenue), Academic & Professional Learning; (roughly 35%), and Education Services (about 15%).
Research Publishing & Platforms earns revenue through operations such as journal subscriptions, individual article sales, licensing, reprints, and converting print documents into digital images. With its Open Access offering, authors pay Wiley an article publication fee to make their paper freely available to Wiley's network of journals. Its Atypon offering is a publishing software and service provider that enables scholarly and professional societies and publishers to deliver, host, enhance, market, and manage their content on the web through Wiley's Literatum platform.
The Academic & Professional Learning segment acquires, develops, and publishes scientific, professional and education books and related content, as well as test preparation services and courseware, to libraries, corporations, students, professionals, and researchers.
Wiley's Education Services segment provides online program management services for higher education institutions. It also offers learning, development, and assessment services for companies and professionals. The company assists clients with increasing enrollments for online programs, signing new university partners, developing digital learning solutions, and related services.
Wiley has its headquarters in New Jersey and additional publishing, marketing, and distribution centers across North America, Europe, Asia, and Australia.
It has a US presence in Indiana, California, Massachusetts, Illinois, Florida, Minnesota, Texas, Colorado, and Kentucky. It has international operations in Australia, Canada, the UK, France, Germany, Jordan, Singapore, Russia, China, India, and Greece.
The US accounts for the largest share of revenue at more than 50%, followed by the UK (roughly 10%) and Germany (more than 5%).
Sales and Marketing
Wiley spent $103.1 million, $89.5 million, and $68.3 million on advertising in fiscal years 2020, 2019, and 2018, respectively.
Throughout the five-year period ending in fiscal year 2020, revenue growth have been slow. The company reported an increase in revenue of only 6% since 2016. Net income have been fluctuating and even incurred a loss in 2020.
Revenue for fiscal year 2020 increased 2% to $1.8 billion. Revenue increases were driven by an increase of $74.9 million in the Education Services business, including contributions from Learning House and mthree, and an increase of $21.0 million in the Research Publishing & Platforms business.
In 2020, the company incurred a loss of $74.3 million because of purchases of class A & B stocks in the fourth quarter. Cash at the end of fiscal 2020 was $203 million. Cash from operations was $288.4 million while financing activities provided another $172.7 million. Investing activities used $346.7 million for business acquisitions and additions to technology, property and equipment.
The company business growth strategies include: driving volume growth from existing journal and book brands and titles, as well as learning services related to education and professional development; developing new journal titles or through publishing partnerships; developing new products and services for existing university partners, as well as signing new online program management partners; making technology and content acquisitions that complement its existing businesses; designing and implementing new methods of delivering products to its customers; and the development of new products and services.
Key growth strategies for the Research Publishing & Platforms segment include evolving and developing new licensing models for its institutional customers ("pay to read and publish"), developing new open access products and revenue streams ("pay to publish"), focusing resources on high-growth and emerging markets, and developing new digital products, services, and workflow solutions to meet the needs of researchers, authors, societies, and corporate customers.
Key growth strategies for the Academic & Professional Learning business include developing and acquiring products and services to drive corporate development and professional career development, developing leading brands and franchises, executing strategic acquisitions and partnerships, and innovating digital book formats while expanding its global discoverability and distribution.
Mergers and Acquisitions
In early 2020, Wiley acquired London-based, mthree from ECI Partners LLP. mthree is a rapidly growing education services provider that addresses the IT skills gap by finding, training and placing job-ready technology talent in roles with leading corporations worldwide. Under the terms of the agreement, mthree shareholders received approximately $129 million (£98 million) in cash. mthree is a terrific company that extends Wiley's unmatched portfolio of education services right into the workplace.
In mid-2019, Wiley acquired Los Gatos-based, Zyante Inc. a leading provider of computer science and STEM education courseware. Under the terms of the agreement, Zyante shareholders will receive $56 million in cash. "Computer science and STEM education is in very high demand due to the growing needs of the labor market," said Brian Napack, President and CEO of Wiley.
In 2019, Wiley purchased assets from New York-based Knewton, an educational technology company, for an undisclosed amount. Knewton's Alta affordable digital course materials, including interactive learning content, assignments, and review materials, addresses the need for low cost education content and has been adopted by over 300 colleges and universities.
Charles Wiley founded a bookstore when he was 25 years old in 1807 and began printing and marketing books for local authors in return for a share of the profits. Soon, prominent writers began meeting in the store's back room (known as "The Den"), which attracted more attention to the business. By the end of the Civil War, the firm (renamed John Wiley & Sons, after Charles' son) had become an established publisher of books on science and technology.
111 River St
Hoboken, NJ 07030-5773
Phone: 1 (201) 748-6000
Employer Type: Privately Owned
Editor In Chief: Vera Koester
Senior Vice President: John Semel
Chairman: Peter Wiley
Employees (This Location): 500
Employees (All Locations): 3,200