Hindawi
Rapidly growing academic publisher with 438 peer-reviewed, open access journals covering a wide range of academic disciplines.
| Date | Investors | Amount | Round |
|---|---|---|---|
$298m Valuation: $298m 29.4x EV/Revenue | Acquisition | ||
| Total Funding | 000k | ||
| GBP | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | - | - | (23 %) | 5274 % | (98 %) |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 |
| % profit margin | - | 21 % | 4 % | 94 % | (951 %) |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Company filings or news article
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Hindawi Publishing, established in 1997 by Egyptian physicist Ahmed Hindawi and his wife Nagwa Abdel-Mottaleb, began its journey in Cairo as a small physical sciences publisher. Initially focused on print journals, the company pivoted to a fully open access model in 2007, a strategic shift that positioned it as a significant player in the scholarly publishing market. This transition involved ceasing its print operations and launching a portfolio of broad-scope, peer-reviewed journals accessible to anyone with an internet connection.
The company's business model is centered on article processing charges (APCs), which are fees paid by authors, their institutions, or funders upon acceptance of a manuscript for publication. This model ensures that the final published research is freely available to readers globally, aligning with the principles of the open access movement. Hindawi's portfolio covers a wide range of academic disciplines across science, technology, and medicine, serving a global community of researchers and academics. The company developed its own open-source manuscript submission and peer review system called Phenom, which was designed to streamline the publication process for authors, editors, and reviewers.
A pivotal moment in Hindawi's history occurred in January 2021 when it was acquired by John Wiley & Sons, a major global academic publisher, for $298 million. The acquisition aimed to bolster Wiley's open access publishing output and leverage Hindawi's expertise in this segment. Following the acquisition, Hindawi continued to operate, but challenges arose concerning the integrity of its peer review process. In 2023, Wiley announced the discontinuation of the Hindawi brand after discovering widespread compromise in peer review within many of Hindawi's special issues, leading to a significant number of retractions and a temporary suspension of publishing special issues.
Keywords: open access publishing, scholarly journals, academic publishing, peer review, article processing charges, scientific research, medical publishing, STM publishing, John Wiley & Sons, Phenom