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Wiley Signs Definitive Agreement to Acquire CrossKnowledge

Acquisition to make Wiley a global leader in professional learning and talent management

Hoboken, NJ, April 15, 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 signed a definitive agreement to acquire CrossKnowledge, a learning provider focused on leadership and managerial skills development, for $175 million in cash. The deal is expected to close on May 1.

CrossKnowledge is a privately‐held company based in France with over 200 employees. It 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 cloudbased 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.

Steve Smith, President and CEO, of Wiley said: “The addition of CrossKnowledge, combined with our recent acquisition of Profiles International, a pre‐hire assessment provider, as well as our current posthire assessment platform and leadership content, positions us as a leader in the rapidly growing area of enterprise talent management. In today’s knowledge‐based economy, organizations of all different shapes and sizes are looking to address talent gaps, invest in their current workforce before hiring additional resources, and create dynamic learning environments to improve overall productivity and job satisfaction. At the same time, they are moving from face‐to‐face training to e‐learning solutions that offer individualized assessment and prescriptive learning. Wiley and CrossKnowledge are at the forefront of this trend.”

“CrossKnowledge brings to Wiley a valued brand, global footprint and talented leadership team,” said Mark Allin, Wiley’s SVP, Professional Development. “Together with other recent acquisitions, including Profiles International, Inscape and Deltak, CrossKnowledge accelerates our strategy to provide customers with a suite of services from education through employment, enabling individuals to fulfill their career ambitions and corporations to maximize their talent.”

Mickael Ohana, CEO of CrossKnowledge, commented: “CrossKnowledge has gained excellent momentum in this shift to digital learning for professionals. CrossKnowledge is delivering solid growth in Europe, its largest region, and has recently launched its important entry into the Americas. We now have five million end‐users in over 80 countries. With Wiley’s scale, content, author base, and distribution network, CrossKnowledge is now poised to accelerate its growth strategies and reach new markets.”

Earlier this month, Wiley acquired Profiles International, a provider of pre‐hire assessment solutions. In 2012, the Company acquired Inscape, a provider of post‐hire assessment solutions.

Conference Call Wiley management will provide further details and address questions during a conference call scheduled for May 8, 2014 at 2:00 pm EDT.  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.

www.crossknowledge.com

The CrossKnowledge suite is a cloud-based technological platform made up of exclusive applications dedicated to the deployment of your training strategies. It allows you to implement blended learning and social learning programmes, to develop distance learning content and skills assessment programmes… or to organise combinations of these different types of project.

It allows you to implement the following:
• blended learning projects using our Training Solutions technology;
• social learning projects using our Community Solutions technology;
• mentored learning projects using our Mentoring Solutions technology;
• professional e-learning content development using our Mohive authoring tool. … and to offer a new learning experience.

CrossKnowledge believes that such a platform must not be restricted to classroom and e-learning strategies, but must combine formal and informal learning (on-line dialogues, blogs, etc.), long-term learning paths and immediate training, and PC-based and mobile learning experiences, all built into a single Learning Portal.

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> 19/07/2016 - Management 3.0 : a new videocast program by Jurgen Appelo

> 15/06/2016 - CrossKnowledge is proud to support the Towards Maturity Benchmark Study.

> 30/05/2016 - Crossknowledge is proud to support the Towards Maturity Benchmark Study

> 14/04/2016 - CrossKnowledge rewards its partners with “Partner of the Year Award”

> 16/03/2016 - CrossKnowledge offers fully integrated solution as answer to mobile learning challenges

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> 18/01/2016 - Designing an agile organization: a new videocast program by Christopher Worley

> 22/12/2015 - 2015 Brandon Hall Excellence Awards

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> 30/10/2015 - CrossKnowledge partners with Junior Achievement USA to support future entrepreneurs

> 23/09/2015 - Brandon Hall honors CrossKnowledge with 2015 Excellence Awards

> 10/09/2015 - CrossKnowledge announces its participation at World of Learning 2015 in Birmingham

> 20/08/2015 - CrossKnowledge named to 2015 Top 20 Learning Portal Companies List by Trainingindustry.com

> 24/07/2015 - CrossKnowledge launches “Learn” app

> 17/07/2015 - 6 new Sessions on Key Account Management

> 03/07/2015 - Testimonials: Ricoh Americas and Credit Libanais share their CrossKnowledge experience

> 27/05/2015 - CrossKnowledge is part of the "TOP 20 Content Development Companies List 2015"

> 19/05/2015 - 11 new videocasts on Lean Management with Gad Allon, Professor at the Kellogg School of Management

> 13/05/2015 - Back to Talent 2015, the CrossKnowledge Academy Conference

> 15/04/2015 - New Feature in the CrossKnowledge Learning Suite : LinkedIn

> 27/03/2015 - 13 new videocasts on the digital transformation of businesses with David R. Bell, Professor at The Wharton School.

> 06/02/2015 - Gavisus partners with CrossKnowledge to provide Nordic leadership development programmes

> 22/01/2015 - CrossKnowledge: 2015 Top 20 Authoring Tools Companies by Training Industry

> 15/01/2015 - CrossKnowledge Honored as Top E-Learning Company by 2014 Brandon Hall Excellence in Technology Awards

> 27/11/2014 - 11 new videocasts about digital transformation by Martha Gabriel

> 18/11/2014 - 12 November 2014 New Modules Improve the E-Learning Experience through Intuitiveness, Scalability and Mobility

> 28/10/2014 - Learning is Shifting, Changing, Expanding, Compressing and Personalizing!

> 16/10/2014 - CrossKnowledge Honored by Chief Learning Officer Magazine for Excellence in Blended Technology

> 29/09/2014 - Executives forecast increasing connection between business outcomes and workforce development

> 28/08/2014 - CrossKnowledge is a finalist of the Learning in Practice awards!

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> 24/03/2014 - Medicinfo and CrossKnowledge join forces to launch a unique e-health & wellbeing solution

> 19/12/2013 - ACCA announces new tripartite partnership with CrossKnowledge and BPP to deliver Continuing Professional Development

> 15/11/2013 - New videocast series about "Key Account Management" with Diana Woodburn

> 11/10/2013 - CrossKnowledge Named to "2013 Top 20 Learning Portal Companies List" by Trainingindustry.com

> 09/09/2013 - CrossKnowledge takes over Digital SK and plans to speed up investments in Brazil.

> 08/07/2013 - CrossKnowledge Learning Suite, release 13.1

> 03/06/2013 - Interview (e-learning) - Steve Fiehl, Chief Innovation Officer from CrossKnnowledge - answers our questions