John Wiley & Sons Inc. (NYSE: JWa, JWb) is continuing an acquisition streak, and has picked up SimBioSys for an undisclosed amount.
SimBioSys provides scientific software that aims to help with the drug discovery process. The Toronto, Canada-based company’s software is used primarily by chemists.
Publishing company Wiley already produced chemical databases, journals and books, but adding the additional resources should help it provide more research assistance to chemists. The target will be part of Wiley Science Solutions, a group of workflow tools for researchers.
Hoboken, New Jersey-based Wiley has made several acquisitions lately. In April, the company bought CrossKnowledge, a digital learning company, for $175 million. Before that, earlier in April, the company bought Profiles International, a company that provides employment assessment and talent management services, for $51 million. In April 2013, the company sold some non-fiction titles, including "The Game,” “Hockey Dad” and “Smart Cooking,” to HarperCollins Canada.