Knewton, the creator of Alta courseware platform, is to be acquired by Wiley for an undisclosed sum. The deal would help Wiley cement its position in the growing courseware market.
Wiley is said to have struck a deal to buy out courseware and adaptive technology provider Knewton. The deal for an undisclosed sum would be finalized by the end of May 2019. Knewton is known widely for creating Alta courseware platform to deliver open educations resources. Alta is today providing OER content to over 300 colleges and universities in subject areas such as maths, chemistery, and economics. Wiley considers this acquisition crucial for strengthening its position in affordable courseware market.
“The Knewton team have long been pioneers in digital and data-driven learning and now they are leading the way in the delivery of powerful, affordable courseware. The Alta platform’s proven ability to drive outcomes at affordable price points is right on target with what the market is demanding,” said Brian Napack, President & CEO, Wiley.
Knewton’s CEO, Brian Kibby, said, “Wiley is a company that brings global scale, a legacy of integrity, and a commitment to lifelong learning, research and innovation, and joining the Wiley family fulfills our vision to put achievement within reach for all.”
Other companies also used Knewton’s adaptive learning technology, for example, Pearson, which initially invested in the company but was gradually stepping out of the partnership with a view to develop in-house adaptive learning capacity.