Library Technology Guides

Documents, Databases, News, and Commentary



DateEvent
Jun 1, 2014

Innovative Interfaces acquires VTLS

Innovative Interfaces has acquired Blacksburg, VA-based VTLS as part of its strategic expansion strategy. This move follows the acquisition of Polaris, announced in April 2014. Both acquisitions were conducted in parallel, with each transition closing on a different schedule. The acquisition of VTLS significantly expands Innovative's international reach and brings a number of new technology products under its corporate umbrella. VTLS had been the longest standing company remaining under the ownership and management of its founder in the library technology industry. VTLS has been active since 1974, first as a department of the Newman Library of Virginia Tech University and since 1985, as an independent company.

Company: [Innovative Interfaces, Inc.] [VTLS]

Feb 2, 1998

VTLS moves into new corporate headquarters

VTLS moved to its new headquarters located at 1701 Kraft Drive, Blacksburg, VA 24060.

Company: [VTLS, Inc.]

Aug 1995

VTLS announces Virtua

VTLS has announced a new library automation system called VIRTUA, and unveiled prototypes of the online public access catalog, cataloging, circulation, and acquisitions/serials components of VIRTUA.

Company: [VTLS, Inc.]

Apr 1, 1994

VTLS buys out Virginia Tech's interest in company for $2.64 million.

VTLS reached an agreement with Virginia Tech Intellectual Properties, a related corporation of Virginia Tech, to buy out VTIP's interest in the company for $2.64 million.

Company: [VTLS, Inc.]

Jul 1, 1985

VTLS separates from Virginia Tech as a for-profit company

In 1985 VTLS was spun off as a separate for-profit company through the newly established Virginia Tech Intellectual Properties technology transfer unit. VTLS was the first occupant of the Virginia Tech Corporate Research Center.

Company: [VTLS, Inc.]

Sep 1975

Circulation software developed at Virginia Tech placed into production

Company: [VTLS, Inc.]

1974

VTLS software created at the Newman Library at Virginia Tech University

Company: [VTLS, Inc.]