Springer Nature

Last updated
Springer Nature
Private
Industry Publishing
Founded2015;4 years ago (2015)
Key people
Revenue EUR 1.64 bn (2017)
Owners Holtzbrinck Publishing Group (53%)
BC Partners (47%)
Number of employees
13,000 (2017)
Website www.springernature.com/gp   OOjs UI icon edit-ltr-progressive.svg

Springer Nature is an academic publishing company created by the May 2015 merger of Springer Science+Business Media and Holtzbrinck Publishing Group's Nature Publishing Group, Palgrave Macmillan, and Macmillan Education. [1] The company reported revenues of €1.64 billion in 2017. [1]

Academic publishing is the subfield of publishing which distributes academic research and scholarship. Most academic work is published in academic journal article, book or thesis form. The part of academic written output that is not formally published but merely printed up or posted on the Internet is often called "grey literature". Most scientific and scholarly journals, and many academic and scholarly books, though not all, are based on some form of peer review or editorial refereeing to qualify texts for publication. Peer review quality and selectivity standards vary greatly from journal to journal, publisher to publisher, and field to field.

Springer Science+Business Media or Springer, part of Springer Nature since 2015, is a global publishing company that publishes books, e-books and peer-reviewed journals in science, humanities, technical and medical (STM) publishing. Springer also hosts a number of scientific databases, including SpringerLink, and SpringerImages. Book publications include major reference works, textbooks, monographs and book series; more than 168,000 titles are available as e-books in 24 subject collections. Springer has major offices in Berlin, Heidelberg, Dordrecht, and New York City.

Holtzbrinck Publishing Group is a privately-held Stuttgart-based company which owns publishing companies worldwide. The company has published a wide variety of books including The Satanic Verses by Salman Rushdie and classics by Agatha Christie, Jean-Paul Sartre, Ernest Hemingway and John Updike. Other well-known publications of the company include the scientific journal Nature and Scientific American. It is one of the Big Five English-language publishing companies.

Contents

History

Springer Nature was formed in 2015 by the merger of Nature Publishing Group, Palgrave Macmillan and Macmillan Education (held by Holtzbrinck Publishing Group) with Springer Science+Business Media (held by BC Partners). Plans for the merger were first announced on 15 January 2015. [2] The transaction was concluded in May 2015 with Holtzbrinck having the majority 53% share. [3]

BC Partners is a private equity firm specialising in buyouts and acquisitions financing in Europe and the United States. The firm invests across all industries. BC Partners was founded in 1986 and is based in London with additional offices in New York City; Paris; Milan and Hamburg. Since inception, BC Partners has completed 105 private equity investments in companies with a total enterprise value of €130 billion and is currently investing its tenth private equity fund

The company originates from a number of journals and publishing houses, notably Springer-Verlag, which was founded in 1842 by Julius Springer in Berlin [4] (a relative of Axel and Bernhard who a century later founded Axel Springer SE and Springer Publishing respectively [5] ), Nature, first published on 4 November 1869, [6] and Macmillan Education, which goes back to Macmillan Publishers founded in 1869.

Julius Springer was a German publisher who founded the academic publishing house Springer Science+Business Media.

Axel Springer SE large multimedia company in Europe

Axel Springer SE is a German digital publishing house which is the largest in Europe, with numerous multimedia news brands, such as Bild, Die Welt, and Fakt and more than 15,000 employees. It generated total revenues of about €3.3 billion and an EBITDA of €559 million in the financial year 2015. The digital media activities contribute more than 60% to its revenues and nearly 70% to its EBITDA. Axel Springer’s business is divided into three segments: paid models, marketing models, and classified ad models.

Springer Publishing American publishing company

Springer Publishing is an American publishing company of academic journals and books, focusing on the fields of nursing, gerontology, psychology, social work, counseling, public health, and rehabilitation (neuropsychology). It was established in 1950 by Bernhard Springer, a great-grandson of Julius Springer, and is based on the 15th floor of the Salmon Tower in Midtown Manhattan, New York City.

After the merger, former Springer Science+Business Media CEO Derk Haank became CEO of Springer Nature. When he retired by the end of 2017, he was succeeded by Daniel Ropers, the co-founder and long-time CEO of bol.com. [7]

Bol.com is the leading webshop in the Netherlands for books, toys and electronics. According to research published in 2015 it is the strongest retail brand with the highest expected growth in the Netherlands. It is owned by Ahold Delhaize. Its director is Huub Vermeulen. Much of the daily business is done by the Dutch company docdata.

In 2017, the company agreed to block access to hundreds of articles on its Chinese site, cutting off access to articles on Tibet, Taiwan and China’s political elite. [8]

In 2018, Springer Nature reported a mean gender pay gap of 17.6 % in its UK workforce, while the median was 15.2 %. [9]

Gender pay gap Average difference between a mans and a womans aggregate wages or salaries.

The gender pay gap or gender wage gap is the average difference between the remuneration for men and women who are working. Women are generally paid less than men. There are two distinct numbers regarding the pay gap: unadjusted versus adjusted pay gap. The latter takes into account differences in hours worked, occupations chosen, education and job experience. For example, someone who takes time off will likely not earn as much as someone who does not take time off from work. In the United States, for example, the unadjusted average female's annual salary has commonly been cited as being 78% of the average male salary, compared to 80–98% for the adjusted average salary.

Subsidiaries

Related Research Articles

<i>Nature</i> (journal) British multidisciplinary scientific journal

Nature is a British multidisciplinary scientific journal, first published on 4 November 1869. It is one of the most recognizable scientific journals in the world, and was ranked the world's most cited scientific journal by the Science Edition of the 2010 Journal Citation Reports and is ascribed an impact factor of 40.137, making it one of the world's top academic journals. It is one of the few remaining academic journals that publishes original research across a wide range of scientific fields.

Random House General-interest trade book publisher

Random House is an American book publisher and the largest general-interest paperback publisher in the world. As of 2013, it is part of Penguin Random House, which is jointly owned by German media conglomerate Bertelsmann and British global education and publishing company Pearson PLC.

Taylor & Francis Commercial publishing group

Taylor & Francis Group is an international company originating in England that publishes books and academic journals. It is a division of Informa plc, a United Kingdom-based publisher and conference company.

Macmillan Publishers International publishing company

Macmillan Publishers Ltd is an international publishing company owned by Holtzbrinck Publishing Group. It has offices in 41 countries worldwide and operates in more than thirty others.

Nature Research is a division of the international scientific publishing company Springer Nature that publishes academic journals, magazines, online databases, and services in science and medicine. Nature Research's flagship publication is Nature, a weekly multidisciplinary journal first published in 1869. It also publishes the Nature-titled research journals, Nature Reviews journals, society-owned academic journals, and a range of open access journals, including Scientific Reports and Nature Communications. Springer Nature also publishes Scientific American in 16 languages, a magazine intended for the general public. In 2013, prior to the merger with Springer and the creation of Springer Nature, Nature Publishing Group's owner, Holtzbrinck Publishing Group, bought a controlling stake in Frontiers.

Holt McDougal is an American publishing company, a division of Houghton Mifflin Harcourt, that specializes in textbooks for use in secondary schools.

Palgrave Macmillan English publishing house

Palgrave Macmillan is an international academic and trade publishing company. Its programme includes textbooks, journals, monographs, professional and reference works in print and online.

Droemer Knaur is a publishing group based in Munich. The group consists of the book publishers Droemer, Knaur, the Pattloch Publisher and O.W. Barth. Droemer Knaur belongs to the Georg von Holtzbrinck Publishing Group. In addition, the publishing group cooperates with neobooks, a free provider under the self-publishing platform for self-publishing e-books.

PIN Group

The PIN Group was a German courier and postal services company. It belonged to PIN Group S.A., a Luxembourg-based corporate affiliation made up of several German postal companies.

Macmillan Inc. was a now mostly defunct American publishing company. Once the American division of the British Macmillan Publishers, remnants of the original American Macmillan are present in McGraw-Hill Education's Macmillan/McGraw-Hill textbooks and Gale's Macmillan Reference USA division. The German publisher Holtzbrinck, which bought Macmillan UK in 1999, purchased most US rights to the name in 2001 and rebranded its American division with it in 2007.

Macmillan Education is a publisher of English Language teaching and school curriculum materials. The company is based in London, UK, and operates in over 40 countries worldwide.

<i>Business Insider</i> Financial and business news website published by Insider Inc.

Business Insider is an American financial and business news website published by Insider Inc. It operates international editions in the UK, Australia, China, Germany, France, South Africa, India, Italy, Indonesia, Japan, Malaysia, Netherlands, Northern Europe, Poland, Spain and Singapore. Several International editions are published in local languages: Chinese, Dutch, French, Italian, German, Polish and Japanese. It is owned by the German publishing house, Axel Springer SE.

John Turner Sargent American businessman

John Turner Sargent Jr. is an American book publisher; he is CEO of Macmillan Publishers USA, and the Executive Vice President of the Georg von Holtzbrinck Publishing Group, where he oversees the global trade operations in the U.S., U.K., Germany, and Australia as well as Macmillan Learning, the company’s US-based higher education business.

Altmetric organization

Altmetric, or altmetric.com, is a data science company that tracks where published research is mentioned online, and provides tools and services to institutions, publishers, researchers, funders and other organisations to monitor this activity, commonly referred to as altmetrics. Altmetric was recognized by European Commissioner Máire Geoghegan-Quinn in 2014 as a company challenging the traditional reputation systems.

Ahold Delhaize Dutch retail company

Koninklijke Ahold Delhaize N.V., commonly known as Ahold Delhaize, is a Dutch retail company, operating supermarkets and e-commerce businesses. Its 21 local brands employ more than 375,000 associates at 6,500 stores in 11 countries. Formats include supermarkets, convenience stores, hypermarkets, online grocery, online non-food, drugstores, and liquor stores.

Digital Science is a technology company with its headquarters in London, United Kingdom. The company focuses on strategic investments into startup companies that support the research lifecycle.

References

  1. 1 2 "Springer Nature created following merger completion". Springer. 6 May 2015.
  2. "Nature publisher to merge with Springer". Times Higher Education. 15 January 2015. Retrieved April 6, 2018.
  3. Caroline Carpenter (May 6, 2015). "Completed merger forms 'Springer Nature'". The Bookseller. Retrieved July 8, 2015.
  4. "Springer celebrates 175 years since its founding". KnowledgeSpeak.com. 11 May 2017. Retrieved April 6, 2018.
  5. "Do you mean Springer, Springer or Springer?". Springer.com. 2014. Archived from the original on 27 December 2017.
  6. "Nature". Phys.org. Retrieved April 6, 2018.
  7. "Bol.com's Ropers to take Haank's role at Springer Nature". The Bookseller. 6 May 2015.
  8. "The Mystery of the Exiled Billionaire Whistle-Blower". January 10, 2018.
  9. "Springer Nature reports 15.12% pay gap". www.thebookseller.com. The Bookseller. Retrieved 2019-08-11.