EMC Corporation Announces Acquisition of JIST Publishing, Inc.
ST. PAUL, Minn., Feb. 9 /PRNewswire/ -- EMC Corporation ("EMC"), an independent educational publisher, today announced it had acquired JIST Publishing, Inc. ("JIST"), a leading developer and publisher of educational materials covering job search, resumes and career reference, self-assessment, and planning in the school, library, employment and training, and trade markets of North America. Terms of the transaction were not disclosed. JIST, an acronym for Job Information, Seeking and Training, was founded in 1981 to continue the efforts of a job-search program initiated and developed over the previous decade by its founder, Michael Farr. JIST's products assist students, teachers, career counselors and adults learn about job searches, career exploration, occupational information, life skills and character building. Specifically, JIST's products include assessment materials, workbooks and textbooks, career reference books, videos/DVDs/software, and websites. "In their 25-year history, Mike Farr and his employees have built an excellent reputation in the career publishing niche and the company's products will complement EMC's existing lines very well," said Steve VanThournout, Chief Executive Officer of EMC. "JIST's career education products fit well within our post-secondary division's core community and career college market and its secondary school products will leverage the positioning of our K-12 division." Michael Farr, JIST's founder, added, "We are proud of the successes of JIST and have confidence that they will continue under the direction EMC. The strength of EMC's distribution channel and publishing platform will allow JIST to continue to grow and expand into new products and markets." Eugene Simonoff & Associates, Inc. represented EMC in the transaction and Golenbock Eisman Assor Bell & Peskoe LLP served as counsel for EMC. Berkery, Noyes & Co., LLC advised JIST. About EMC Corporation Founded in 1954 and based in St. Paul, MN, EMC Corporation (www.emcp.com) develops and publishes print and electronic educational materials for the K-12 and post-secondary school markets. Subjects covered include world languages, literature and language arts in its K-12 division, and business education, computer science and allied health in its post-secondary division. EMC Corporation is a subsidiary of Wicks Educational Publishing LLC, an affiliate of The Wicks Group of Companies, L.L.C. (www.wicksgroup.com), a New York-based private equity firm that invests in selected segments of the communications, information and media industries.
SOURCE EMC Corporation
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