Mergers and acquisitions are not just the business of Wall Street. They happen in education - especially in the technology side of higher education.
Last week it was announced that Cengage and McGraw-Hill plan to merge. (A move that may have monopoly implications.) They are both at the top of the country’s textbook publishers. With a merger, they would have 44,000 titles in a range of fields.
This week, John Wiley & Sons announced they are buying the assets of Knewton. Knewton started out as an edtech company with adaptive-learning tools that could work with content from commercial publishers. But beyond that attraction, Wiley is probably interested in Knewton's more recent move towards being a platform that incorporates open educational resources (OER). In 2017, Pearson moved away from using Knewton’s adaptive-learning technology. Knewton's Alta digital-courseware is its OER platform.
Wiley’s president and chief executive, Brian Napack, told The Chronicle that the product costs students about $40 per course, and that Wiley wants to “double down” on low-cost options, "because we think the future needs to look different than the past.”
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