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Sage buys Learning Matters
01.01.70 | Graeme Neill
Academic and professional publisher Sage has bought Learning Matters, the independent education publisher founded in 1999.
The sale, for an undisclosed sum, was announced jointly by Learning Matters founder and managing director Jonathan Harris, and Ziyad Marar, global publishing director, at Sage. Harris will continue to work with the company as a consultant. A Sage spokesperson said Learning Matters will stay at its Exeter home until December 2011 with details of a future transition plan to be ironed out.
Marar said: "We’ve long admired Learning Matters’ disciplined and creative publishing philosophy, and know that their books are much loved by students up and down the country. We couldn’t be more delighted to be welcoming them to Sage. Our complementary publishing programmes make Learning Matters an ideal fit for us as we grow our already substantial textbook programme in these fields."
Harris will remain involved with the ongoing development of the Learning Matters publishing programme at Sage. He added: "Sage is an excellent home for the next stage of Learning Matters’ development. We’re looking forward to building the Learning Matters imprint with the significant strength that Sage offers.”
Sage reported sales of £70m, and a pretax profit of £16m in 2009. It had £27m in the bank at the end of that fiscal year, the last reported at Companies House.