For over 150 years, the Velazquez Dictionary has been recognized throughout the world as the preeminent authority in Spanish and English dictionaries. In 2003, Academic Learning Company acquired Velázquez Spanish and English Dictionary. Velázquez Press, a division of Academic Learning Company, is committed to developing new bilingual dictionaries for children, students and adults based on the tradition of Velazquez Spanish and English Dictionary.

In 1990, Frank Gil purchased New Century Publishing and changed the company name to New Win Publishing Inc. In November 2003, Academic Learning Company, LLC from California acquired New Win Publishing Inc.'s assets and divided New Win Publishing into two divisions. Velazquez Press is the educational publishing division focused on publishing reference and educational books for schools. New Win Publishing has three imprints:Winchester Press, WBusiness Books, and ZHealth Books. Winchester Press publishes outdoor, fishing, and craft books. WBusiness Books publishes books of interest to the business community. ZHealth Books publishes health and diet books. Academic Learning Company also started a new division, Vela Media, in 2005 to provide premier content for print media.