“John Wiley & Sons, Inc. (NYSE:JWA) (NYSE:JWB) 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.
Open access is a rapidly growing scholarly publishing model that allows peer-reviewed articles to be read and shared immediately, making important research broadly available. As a leader in open access publishing, Hindawi has played a critical role in advancing gold open access, an OA model in which validated articles are made immediately available for reading and re-use following the payment of a publication fee.
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%….”
“I am delighted to announce today that F1000 Research Ltd has been acquired by Taylor & Francis Group (part of Informa plc). This is a hugely exciting opportunity for us. For a start, it will expedite our growth through the greater financial support and resources of a very large established organisation with extensive geographical and disciplinary reach. But most exciting to me, it will give us the opportunity to directly influence one of the ‘Big 4’ publishers to support the transition towards more open and collaborative ways of working, enabled though new approaches to scholarly publishing.
It will be no surprise to many that F1000 Research is now transferring to a new owner. Our founder, Vitek Tracz has an impressive track record of nurturing ideas through start-up companies, and taking them to a level where they are ready to fly the nest. We will be following in the footsteps of many of his companies that have gone on to exciting and successful onward lives in the hands of others including BioMed Central (where Vitek initiated the Open Access movement in collaboration with PubMed Central), Current Opinions series, Current Biology, Current Drugs, Current Patents, IDdb3, Telmap, The Scientist, and many more.
Since F1000 Research’s conception, Vitek has been adamant that he would only ever sell F1000 Research to an organisation that he is convinced is fully committed to not only maintaining our vision and supporting us to scale up but also to ultimately transform the whole industry over time. Both Vitek and I feel confident that we have found such an organisation in Taylor & Francis, its CEO Annie Callanan and her executive leadership team, and I am very excited to continue to lead F1000 Research in this next phase….”
Taylor & Francis Group, a leading publisher of specialist academic books and journals and part of Informa PLC, has acquired the Open Access (OA) publisher, Dove Medical Press. This acquisition signals Taylor & Francis Group’s ongoing commitment to developing both its Medical Journal and OA programs.