FRANKLIN COVEY CO. (NYSE:FC) Files An 8-K Other EventsItem 8.01 Other Information
On July 11, 2017, Franklin Covey Co. (the Company) acquired Jhana Education (Jhana), a San Francisco-based company which specializes in creating and disseminating relevant, bite-sized content and learning tools for leaders and managers. The purchase price was $3.5 million in cash plus potential contingent consideration of up to $7.2 million. Jhana's expertise in creating and delivering micro-learning content and tools for leaders and managers is expected to significantly add to the scope of content and delivery capabilities offered through the Company's All Access Pass.
About FRANKLIN COVEY CO. (NYSE:FC)
Franklin Covey Co. is a global company specializing in performance improvement. The Company’s segments are Direct Offices, Strategic Markets, Education practice and International Licensees. The Direct Offices segment consists of its geographic sales offices that serve the United States and Canada, its international sales offices located in Japan, the United Kingdom and Australia, and its public programs group. The Strategic Markets segment includes its government services office, the Sales Performance practice, the Customer Loyalty practice, and a new Global 50 group, which is specifically focused on sales to large, multi-national organizations. The Education practice segment consists of its domestic and international Education practice operations, which are centered on sales to educational institutions, such as elementary schools, high schools, and colleges and universities. The International Licensees segment consists of its international licensees’ royalty revenues.
