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Bringing these complementary assets together will enable ProQuest and Ex Libris to enhance existing products and accelerate innovation of new services to quickly address some of libraries' most pressing challenges: disparate workflows for print, electronic and digital resources, and navigation of complex and rapidly changing technology, content and user environments. The acquisition is expected to close in the coming months.
"We are excited to have Ex Libris join ProQuest and welcome its proven track-record of innovation on behalf of libraries. One great example of their expertise in action is the success of Ex Libris' Alma unified resource management solution in helping hundreds of institutions worldwide improve their libraries' value to their users," said Kurt Sanford, ProQuest CEO. "Together, the companies will build on and create more groundbreaking library services, bringing additional value to our customers and the broader industry."
"The acquisition of Ex Libris by ProQuest enriches our commitment to the global library community and will enhance our ability to carry out our product roadmaps and strategies," said Matti Shem-Tov, Ex Libris CEO. "The combined talent and expertise of ProQuest and Ex Libris will enable more efficient development and support of our leading solutions, and will accelerate innovation in both current and new products. We will identify opportunities to deliver the best of what both companies have to offer by expanding key features in resource management, knowledge base capabilities and discovery services to enhance existing products."
"Combining our companies enables us to create even more opportunities and choices for libraries -- especially our existing customers," said Oren Beit-Arie, Ex Libris Chief Strategy Officer. "Both ProQuest and Ex Libris are deeply engaged with the global library community and benefit from active, collaborative and forward thinking customers and user groups. Continuing our tradition of cooperation, we are committed to working with our user communities to get input and guidance as we enhance current solutions and create new ones."
Both companies will continue their longstanding commitment to openness and collaborations with other organizations in the industry, including OCLC, Google, Gale Cengage, HARRASSOWITZ and YBP/EBSCO, for the benefit of customers.
After closing, ProQuest and Ex Libris will form a distinct business unit called Ex Libris, a ProQuest Company. This unit will be led by Mr. Shem-Tov, and supported by the Ex Libris management team along with ProQuest Workflow Solutions management. ProQuest and Ex Libris will continue to support the broad selection of products their customers depend on and will enhance each company's offerings, including Alma, Aleph, bX, Intota, Primo, Rosetta, SFX, SIPX, Summon, 360 Link, Voyager and the newly launched Leganto reading list solution and campusM mobile campus solution.
Read more about how ProQuest and Ex Libris will be better together: http://bit.ly/ProQuestOct6
About Ex Libris (http://www.exlibrisgroup.com)
Ex Libris is a leading global provider of library automation solutions. Offering SaaS solutions for the management and discovery of the full spectrum of library and scholarly materials, as well as mobile campus solutions driving student engagement and success, Ex Libris serves over 5,600 customers in 90 countries. 43 of the top 50 universities worldwide and over 40 national libraries deploy Ex Libris solutions to create a unified platform for both the management and discovery of library resources.
About ProQuest (http://www.proquest.com)
ProQuest connects people with vetted, reliable information. Key to serious research, the company's products are a gateway to the world's knowledge including dissertations, governmental and cultural archives, news, historical collections and ebooks. ProQuest technologies serve users across the critical points in research, helping them discover, access, share, create and manage information.
The company's cloud-based technologies offer flexible solutions for librarians, students and researchers through the ProQuest®, Bowker®, Coutts® information services, Dialog®, ebrary®, EBL™, and SIPX® businesses – and notable research tools such as the Summon® discovery service, the RefWorks® citation and reference management platform, MyiLibrary® ebook platform, the Pivot® research development tool and Intota™. The company is headquartered in Ann Arbor, Michigan, with offices around the world.