Wiley Announces Acquisition of Hindawi For $298 Million
John Wiley & Sons, Inc. today announced the acquisition of Hindawi Limited, an innovator in open access (OA) publishing and one of the world’s fastest growing scientific research publishers, for a total purchase price of $298 million. The acquisition of Hindawi significantly increases Wiley’s position as a global leader in research by adding quality, scale and growth to the company’s open access publishing program.
Hindawi, privately held and headquartered in London, has a robust portfolio of over 200 peer-reviewed scientific, technical, and medical journals, a highly efficient publishing platform, and a low-cost infrastructure. Wiley’s acquisition of Hindawi unlocks significant and profitable new growth by tapping deeper into the fast-growing OA market and by delivering innovative publishing services to researchers, societies, and institutions around the world. For the fiscal year ending December 31, 2020, Hindawi is projected to generate approximately $40 million in revenue with year over year growth of 50%.
“The acquisition of Hindawi enables Wiley to move farther and faster toward our goal of meeting the world’s urgent and escalating need for new knowledge,” said Brian Napack, President and CEO, Wiley. “Hindawi is a true pioneer in the industry, empowering researchers with a fully digital, user-friendly publishing process that gets their life-changing, peer-reviewed discoveries out into the world faster and more efficiently.”
The addition of Hindawi’s journals doubles Wiley’s gold (pure) OA journal portfolio and will increase author retention by giving researchers more options to publish within Wiley titles. Its cutting-edge technology combined with Wiley’s innovative platforms and services will enhance the publishing experience for authors, editors, and reviewers, while expanding the platform and service offerings that Wiley provides to its network of society and publishing partners. Hindawi strengthens Wiley’s growing position in the global research industry, particularly in China – the world’s fast-growing research market.
“Similar to Wiley, we are driven by a mission to advance openness in research, working with researchers, publishers, institutions, and organizations to build a vibrant ecosystem that helps this global community thrive,” said Paul Peters, Hindawi’s CEO, who will continue to lead Hindawi as part of Wiley’s Research business. “With Wiley’s commitment to Hindawi and open access, we are excited to accelerate scientific discovery, collaboration, and innovation to maximize the impact of research for future generations.”
“We have worked hard with our partners to build one of the world’s largest fully open access publishing platforms,” said Ahmed Hindawi, Hindawi’s co-founder. “The combined strengths of Hindawi and Wiley will continue to support the evolving needs of the research community in new and innovative ways.”
Wiley’s acquisition of Hindawi, along with its recent acquisitions of mThree, zyBooks, Madgex, and Knewton Alta, demonstrate the company’s continuing strategy to deliver innovative, tech-enabled products and services that unlock human potential by enabling the success of the world’s researchers, learners, and professionals.
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About Gary Price
Gary Price (email@example.com) is a librarian, writer, consultant, and frequent conference speaker based in the Washington D.C. metro area. He earned his MLIS degree from Wayne State University in Detroit. Price has won several awards including the SLA Innovations in Technology Award and Alumnus of the Year from the Wayne St. University Library and Information Science Program. From 2006-2009 he was Director of Online Information Services at Ask.com. Gary is also the co-founder of infoDJ an innovation research consultancy supporting corporate product and business model teams with just-in-time fact and insight finding.