Alphen aan den Rijn, Netherlands, April 15, 2016 (GLOBE NEWSWIRE) -- Wolters Kluwer Health announced today that it has acquired the adaptive learning technology that powers the PrepU quizzing tool for nursing education. The technology acquisition will allow Wolters Kluwer Health Learning, Research & Practice to build on its existing PrepU solution and further innovate this pioneering technology for its nursing education product suite, including licensure exam preparation for nurses in the U.S. and Canada.
Since 2010, Wolters Kluwer Health has licensed the technology platform from Macmillan Learning and worked together with the Macmillan team to enhance the PrepU solution, which is embedded with Wolters Kluwer's expert-written Lippincott question content, to provide nurse educators and students with a robust, personalized digital education solution. Today, more than 700 million questions have been answered in the PrepU solution assisting students with their exam preparation for professional licensure.
Three Macmillan Learning employees comprising the PrepU technology team will also join the Wolters Kluwer Health office in New York, NY.
The transaction is expected to have a positive but immaterial impact on adjusted EPS, while generating a return on investment above Wolters Kluwer's cost of capital within 3 to 5 years.
"Nursing education is undergoing a transformation with a focus to improve clinical reasoning skills that better prepare students for practice," said Diana Nole, CEO, Wolters Kluwer Health. "We're excited to welcome the PrepU technology team and continue to innovate and lead the adaptive learning nursing market with customized, multi-channel solutions tailored to meet the needs of today's students and educators."
About Wolters Kluwer
Wolters Kluwer N.V. (AEX: WKL) is a global leader in professional information services and solutions for professionals in the health, tax and accounting, risk and compliance, finance and legal sectors. We help our customers make critical decisions every day by providing expert solutions that combine deep domain knowledge with specialized technology and services.
Wolters Kluwer reported 2015 annual revenues of €4.2 billion. The company, headquartered in Alphen aan den Rijn, the Netherlands, serves customers in over 180 countries, maintains operations in over 40 countries, and employs 19,000 people worldwide.
Wolters Kluwer shares are listed on Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices. Wolters Kluwer has a sponsored Level 1 American Depositary Receipt program. The ADRs are traded on the over-the-counter market in the U.S. (WTKWY).
Wolters Kluwer Health is a leading global provider of information and point of care solutions for the healthcare industry.
|Connie Hughes||Annemarije Pikaar||Meg Geldens|
|Director, Corporate Communications||Corporate Communications||Investor Relations|
|Wolters Kluwer Health LRP|
|+1 (646) 674-6348||t + 31 (0)172 641 470||t + 31 (0)172 641 407|
This press release contains forward-looking statements. These statements may be identified by words such as "expect", "should", "could", "shall" and similar expressions. Wolters Kluwer cautions that such forward-looking statements are qualified by certain risks and uncertainties that could cause actual results and events to differ materially from what is contemplated by the forward-looking statements. Factors which could cause actual results to differ from these forward-looking statements may include, without limitation, general economic conditions; conditions in the markets in which Wolters Kluwer is engaged; behavior of customers, suppliers, and competitors; technological developments; the implementation and execution of new ICT systems or outsourcing; and legal, tax, and regulatory rules affecting Wolters Kluwer's businesses, as well as risks related to mergers, acquisitions, and divestments. In addition, financial risks such as currency movements, interest rate fluctuations, liquidity, and credit risks could influence future results. The foregoing list of factors should not be construed as exhaustive. Wolters Kluwer disclaims any intention or obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
PDF version of Press Release http://hugin.info/130682/R/2004112/739896.pdf
Source:Wolters Kluwer NV