Tuesday, February 13, 2007
NEW YORK, February 13, 2007-- Berkery, Noyes & Co., LLC, one of the leading independent investment banks serving the media, information and technology markets, announced that it represented JIST Publishing, Inc., “America’s Career Publisher,” in its sale to EMC Corporation, a leading independent educational publisher. Terms of the transaction were not disclosed.
Founded in 1981 by Michael Farr, JIST’s products help students, teachers, career counselors and adults learn about job searches, career exploration, occupational information, life skills and character building.
“In JIST’s 25-year history, Mike Farr and his employees have built an outstanding reputation in career publishing in the school, institutional and trade markets,” said Mary Jo Zandy, Managing Director of Berkery, Noyes. Added Michael Farr, “We are proud of JIST’s success and have confidence that it will continue under EMC’s direction.”
Berkery, Noyes & Co., LLC acted as financial advisor to JIST Publishing, and represented it in its negotiations with EMC Corporation. Berkery, Noyes has been involved with many notable transactions in the academic publishing, information, and scientific-technical-medical sectors, including those involving Reed Elsevier, Wolters Kluwer, Thomson and many others.
About JIST Publishing
JIST Publishing, Inc. is an Indianapolis-based publisher and leading authority on the topics of career, job search, business, and families in crisis. The JIST staff helps people help themselves in career and life by publishing practical, self-directed products and training tools that are used in employment training, education, business, counseling, therapy, and school settings.
About EMC Corporation
Founded in 1954 and based in St. Paul, MN, EMC Corporation (www.emcp.com) develops and publishes print and electronic education materials for the K-12 and post-secondary 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 and an affiliate of The Wicks Group of Companies, L.L.C., (www.wicksgroup.com), a New York based private equity firm.