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Smart Libraries Newsletter: Volume 25 Number 11 (November 2005)

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Breeding, Marshall, Ex Libris withdraws from IPO
In a move to gain additional funding for its business strategies, Ex Libris recently embarked on an initial public offering of stock to raise capital. But late in the process, the company’s board of directors withdrew from the IPO; the aborted effort follows another significant company event--the retirement of Azriel Morag, company founder and longtime chairman of the board.
Breeding, Marshall, Settling into SirsiDynix
Following the announcement in June 2005 that Sirsi Corp. would acquire Dynix, the formerly separate companies have been hard at work blending into a single organization. By the end of September 2005, the company publicized who will fill the top- and mid-level management positions. Overall, the executive management structure of the former Sirsi Corporation remains in tact, and most Dynix execs remain onboard as well. The headquarters of SirsiDynix will be located in Huntsville, Alabama. The Dynix office in Provo, Utah, will remain in operation as will the Sirsi office in St. Louis, Missouri. Business, personnel, and administrative functions have been consolidated and will be run out of Huntsville. Pat Sommers leads the company as president/CEO;Jack Blount, former Dynix CEO, continues as senior technical consultant and acting chief technology officer. At year-end 2004, the combined workforce of the two companies totaled 789 full-time equivalent personnel.