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Tuition.Io Acquires Wiley'S Tuition Manager Business

Jul 06, 2023•over 2 years ago

Acquiring Company

Tuition.io

Acquired Company

Wiley University Services

MaitlandEmployee BenefitsFinancial ServicesEducationHealth CareEducation

Description

Tuition.io, a leading education assistance benefits provider, has acquired Wiley's (NYSE: WLY) Tuition Manager business, which enables employers to offer a range of tuition assistance benefits to their workforces. Terms are undisclosed.

Company Information

Company

Tuition.io

About

Tuition.io is the leading education assistance benefits platform, encompassing student loan repayment, tuition assistance and a wealth of financial wellness tools to assist employees on their higher education journey. Tuition.io provides an impactful and meaningful solution for employers and their employees. Tuition.io works with leading US employers across all industries including ADP, Carhartt, Emory Healthcare, Ford, Universal Music Group and hundreds of others. For more information, visit www.tuition.io or follow us on Twitter at @Tuitionio or on LinkedIn.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed