Franklin Quest Co. and Covey Leadership Center have completed their merger, which was announced earlier this year.
The merged company, to be called Franklin Covey Co., is expected to have fiscal 1998 revenues of some $500 million. A spokesman said that figure would make it the "the largest entity in the corporate training industry."Franklin Covey operates more than 100 retail stores and has a client base that includes 82 of the Fortune 100, more than two-thirds of the Fortune 500 companies thousands of midsize and small companies, government entities, educational institutions, communities, families and millions of individual consumers.
"This merger will allow both companies to better meet the challenges of a fast-growing global market, which is demanding products and programs that increase productivity and develop leadership and life skills," said Stephen R. Covey, co-chairman of Franklin Covey.
Hyrum Smith, chairman and CEO of the merged company, said he looks forward to "exploring and taking advantage of the many areas of synergy that exist so naturally between our companies."
Franklin Covey said it will introduce two books this year: "The Power Principle: Influence With Honor" by Blaine Lee and "The 7 Habits of Highly Effective Families" by Covey, due in October.