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Publisher Wiley to buy software firm Atypon for $120M

Aug. 18, 2016 12:48 PM ETJohn Wiley & Sons, Inc. (WLY) StockBy: Jason Aycock, SA News Editor1 Comment
  • John Wiley & Sons (JW.A) has a deal to buy publishing-software firm Atypon, for $120M in cash.
  • Privately held Atypon partners with scholarly societies and publishers to manage content on the Web with direct control through its Literatum platform.
  • Wiley will manage Atypon, which drew $31M in revenue in 2015, as a separate business unit, and Atypon founder Georgios Papadopoulos will stay on to lead the business. It has about 260 employees.
  • The deal is expected to close Oct. 1.

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