SAN
MATEO, Calif., July 6, 2023
/PRNewswire/ -- 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.
The acquisition is the culmination of a successful relationship
between Tuition.io, Wiley and HostedHR dating back more than four
years. It continues Tuition.io's growth as a leading Education
Assistance service provider, allowing Tuition Manager customers to
take full advantage of Tuition.io's modern, highly configurable and
customizable platform to offer a wide range of differentiated
benefits to their workforces.
Tuition.io offers a full suite of Education Assistance services
including student loan wellness, student loan repayment assistance,
loan forgiveness, education planning and tuition assistance. When
the migration of Wiley clients is completed later this year,
Tuition.io will have more than 100 employers using its tuition
assistance services.
"This acquisition of Wiley's Tuition Manager business is a
threshold moment for Tuition.io," said Scott Thompson, CEO of Tuition.io. "It
re-enforces our leadership position in the market, while continuing
to assist a growing number of employers to offer innovative and
highly compelling education assistance benefits that are integral
to attracting, retaining and upskilling the modern workforce."
"We have worked with the Tuition.io team over the past few years
and respect their ability to innovate while maintaining the highest
standard for client success," said Todd Zipper, executive vice
president and general manager leading Wiley's talent segment. "We
are confident that they are the right buyer for this business and
that our customers will have continued success working with the
Tuition.io organization."
The Tuition Manager business will join the current suite of
employee benefits already offered by Tuition.io, including Student
Loan Repayment, Tuition Assistance, Public Service Loan Forgiveness
for non-profits, and Student Loan Wellness.
About Tuition.io
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.
About Wiley
Wiley is a knowledge company, a global leader in research,
publishing, and knowledge solutions. One of the world's largest
publishers, Wiley is dedicated to the creation of knowledge and the
application of knowledge in science, learning, and innovation.
The company serves the world's researchers, learners, innovators,
and leaders, helping them achieve their goals and solve the world's
most important challenges. For more than two centuries, Wiley has
been delivering on its timeless mission to unlock human potential.
Visit us at Wiley.com. Follow us
on Facebook, Twitter, LinkedIn and Instagram.
CONTACT: Sales@tuition.io
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SOURCE Tuition.io