Wiley Acquires Scholarly Publishing Platform Provider Atypon For $120 Million in Cash

From Wiley:

John Wiley & Sons, Inc. announced today it has signed a definitive agreement to acquire Atypon, a Silicon Valley-based publishing-software company, for $120 million in cash. Atypon is a trusted technology partner that enables scholarly societies and publishers to deliver, host, enhance, market and manage their content on the web. The transaction is expected to close October 1, 2016.
Atypon is privately held and headquartered in Santa Clara, CA, with approximately 260 employees in the U.S. and EMEA. The company provides Literatum, an innovative platform that primarily serves the large scientific, technical, medical and scholarly industry. This sophisticated software gives publishers direct control over how their content is displayed, promoted and monetized on the web. The company generated over $31 million in calendar year 2015 revenue.
Atypon’s valued customers include some of the largest and most prestigious names in the industry. Literatum hosts nearly 9,000 journals, 13 million journal articles and more than 1,800 publication web sites for over 1,500 societies and publishers, accounting for a third of the world’s English-language scholarly journal articles.
[Emphasis Ours] The data and plans from each of Atypon’s clients will remain sequestered and behind firewalls. Clients use Atypon as their core journal-delivery platform or as a way to supplement end-user engagement. Wiley will itself become an Atypon customer.

 
Read the Complete News Release Including Comments From Wiley and Atypon Executives
In the past few days and weeks, we’ve shared items on infoDOCKET re: Atypon clients. These clients/publishers are also competitors to Wiley (Atypon’s new owner).
1) August 15: Atypon Powers Relaunch of Taylor and Francis Online
2) July 25th: SAGE Said All of Their Journals Will Be Up And Running On Atypon’s Literatum Platform By Early 2017
See Also: Complete Atypon Client List  ||| Archived Version (August 18, 2016)

Filed under: Companies (Publishers/Vendors), Data Files, Journal Articles, News, Publishing