Hoboken Real EstateSource: NJBIZ.com By Emily Bader

Wiley Acquires Profiles International for $51M

 

John Wiley & Sons Inc., a Hoboken-based provider of solutions to improve outcomes in research, education and professional practice with online tools, announced that it has acquired Profiles International for $51 million in cash.

Profiles International, a provider of employment assessment and talent management solutions, served more than 40,000 clients in more than 120 countries and generated about $27 million in revenue last year.
“Research shows that the direct and indirect cost of one hiring error can be in the hundreds of thousands of dollars,” said Wiley president and CEO, Stephen Smith. “Profiles International provides scientifically-driven assessment solutions that help employers screen-out unsuitable candidates, match others with jobs that fit their inherent capabilities, and identify opportunities to enhance performance of existing employees and maximize long-term contributions to the organization.”

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