IBL News | New York
Wiley announced this week the acquisition of online services for libraries start-up Knowledge Unlatched for an undisclosed amount. The acquired company specializes in online open access publishing.
With this transaction, Hoboken, NJ-based, 200 years-old Wiley continues its acquisition strategy, specifically in the field of “innovative products and services that enable discovery, power education, and shape workforces,” as the company estates.
Recent purchases included J&J Editorial, Hindawi, Madgex, and Atypon.
“Wiley’s record as a leader in open access, combined with their extensive network of partners and customers, will accelerate Knowledge Unlatched’s growth and ability to innovate,” said Sven Fund, Managing Director at Knowledge Unlatched.
Fund will continue to lead the business within Wiley’s Research organization.
Currently, Wiley hosts a widely used research library from 1,900 journals. It views open access research as a key growth strategy.