John Wiley & Sons, Inc., a provider of knowledge and knowledge-enabled services that improve outcomes in research, professional practice and education, announced it has signed a definitive agreement to acquire Atypon, a Silicon Valley-based publishing-software company, for $120 million in cash. Atypon is a technology partner that enables scholarly societies and publishers to deliver, host, enhance, market, and manage their content on the web. The transaction is expected to close October 1, 2016.
Atypon is privately held and headquartered in Santa Clara, CA, with approximately 260 employees in the U.S. and EMEA. The company provides Literatum, a platform that primarily serves the large scientific, technical, medical and scholarly industry. This software gives publishers direct control over how their content is displayed, promoted, and monetized on the web. The company generated over $31 million in calendar year 2015 revenue.
Atypon's hosts nearly 9,000 journals, 13 million journal articles and more than 1,800 publication web sites for over 1,500 societies and publishers, accounting for a third of the world's English-language scholarly journal articles.
Atypon will be managed as a separate business unit while benefiting from the financial stability and continuity of Wiley's 209-year-old organization. The data and plans from each of Atypon's clients will remain sequestered and behind firewalls. Clients use Atypon as their core journal-delivery platform or as a way to supplement end-user engagement. Wiley will itself become an Atypon customer.