Wiley buys technology training provider for $129M

Wiley announced this week it acquired London-based training provider Mthree in a $129 million cash deal.  Mthree teaches professionals and students technology skills sought after in the workplace. It operates in 20 cities across four continents, including North America, and is expected to have generated $50 million in revenue in 2019.  The acquisition comes as Wiley, which provides online program management (OPM) services to dozens of colleges, expands its footprint in the career education market. With Mthree, Wiley will be able to tap into the growing demand for technology skills training. To close the global cybersecurity skills gap, some 4 million workers are needed, according to one recent survey.

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