For the June 2008 issue of Smart Libraries Newsletter I contributed a story that describes the acquisition of Civica, a UK-based company that offers the Spydus library automation, by a private equity firm named 3i Group. Prior to this transaction Civica traded on the AIM stock exchange in London. This transition serves as yet another example of the trend toward private equity involvement in the library automation industry.
Although not well known in the United States as a library automation company, Civica ranks globally as one of the largest companies that provide software to libraries. Although based in the United Kingdom, Civica currently has its largest base of library customers in Australia. It has a growing presence among UK libraries, however, with only a small handful of library clients in the United States. Civica’s Spydus automation system has been adopted by libraries in many regions of the globe. The company and its antecedents have been involved in library automation for almost 30 years. continue reading...
(The full text of my contributions to Smart Libraries Newsletter are available on Library Technology Guides 90 days following their original publication.)
Marshall Breeding Aug 3, 2008 14:29:59
Link to Posting: Civica Transitions to Private Equity