The privately held Chicago-based company Deltak is set to be purchased by the publishing company John Wiley & Sons Inc. for $220 million. Deltak works with colleges and universities to develop and support online degree and certificate programs. In its latest fiscal year, Deltak pulled in about $54 million, and the acquisition by Wiley will expand the company’s education business.
Many educators and administrators have come to rely on Deltak’s technology platforms, and startup companies take advantage of Deltak’s market research and instructional design. Deltak supports more than 100 online programs. As a growing number of colleges and universities are looking to enter or expand into online education, Deltak presents itself as an experienced leader in adopting the model.
Deltak recently produced a learning management system called Engage and paired it with an iPad app geared for faculty and students. The app allows users to access course materials, e-tects, participate in messaging and forums, video conference, and many other tools and utilities.
The publisher John Wiley & Sons’s Global Education division is dedicated to providing personalized content, tools and services to students and faculty. They’ve worked with two- and four-year universities as well as for-profit career schools and have developed an extensive textbook library.
“The acquisition of Deltak will extend Wiley’s Global Education trajectory into a high-growth segment of the market and bring additional expertise to the organization in such areas as curriculum design, student recruitment services, and next generation technology solutions,” said Joseph Heider, senior vice president of Wiley’s global education business.