HUNTSVILLE, Ala. and BURLINGAME, Calif. - January 13, 2005 - Sirsi Corporation and Docutek Information Systems Inc. today jointly announced that Sirsi has acquired Docutek, a leading library technology company whose focus on e-resource and e-learning solutions is in line with Sirsi's strategy to meet the comprehensive information management needs of 21st-century libraries. Now a wholly owned subsidiary of Sirsi, Docutek will continue to design, develop, sell, and support its industry-leading Docutek ERes, Docutek VRLplus, and Docutek atSchool products, which serve 550 customer sites and nearly 4 million end-users around the world. Docutek's offices, personnel, and day-to-day operations remain virtually unchanged. The new Docutek subsidiary will be an independent business unit that reports up to Sirsi's board of directors and chief executive officer (CEO).
"This is a next logical step for Docutek Information Systems," said Nathan Vince, Docutek's president and CEO. "Successful companies always progress to a point where change is essential if their growth is to be sustained - Docutek has reached that point," said Vince. "Our joining the Sirsi family is a strategic move that will ensure the continued evolution of the e-resource and e-learning technologies Docutek has pioneered for a decade."
"I am excited by how much more Docutek will be able to accomplish with the resources and expanded reach that Sirsi provides, and I look forward to my own role in this new, stronger Docutek," said Dr. Philip Kesten, Docutek's vice president of marketing and co-founder.
Kesten will retain his role in the new Docutek subsidiary, as will Yonn Samuels, Docutek's director of engineering. Other development, support, and sales personnel within Docutek also remain unchanged. Nathan Vince, president and CEO of Docutek, and Slaven Zivkovic, Docutek's vice president of technology and co-founder, will pursue other interests.
"A major part of Sirsi's strategy for the future revolves around technologies that assist libraries in managing e-resources and supporting e-learning," said Patrick Sommers, Sirsi's CEO. "Docutek's solutions fit perfectly into Sirsi's future plans, as we focus on providing libraries with a comprehensive suite of solutions for meeting their information management and sharing needs."
Sommers continued, "As Sirsi and Docutek join forces to pursue our common interest in e-resources and e-learning, the library community and especially Docutek's current customers can be confident that Docutek, as a Sirsi company, will continue to enhance and expand its offerings to meet their needs. By the same token," Sommers added, "Sirsi customers will benefit from Docutek's unmatched expertise and technologies in areas that strongly augment Sirsi's current offerings."
About Sirsi
Founded in 1979, Sirsi Corporation develops, sells, and supports a comprehensive integrated suite of software solutions for meeting the information management and sharing needs of libraries and library users around the world. From the open, evolutionary integrated library system technology in the Sirsi Unicorn Library Management System... to leading-edge data analysis and intelligence tools in Sirsi Director's Station... to leading-edge solutions such as Sirsi Rooms 2.0 for library users seeking unparalleled access to the world of knowledge... Sirsi and its partners provide the broadest array of information management products and services for the library community. Sirsi solutions serve more than 10,000 libraries in the Americas, Europe, Africa, the Middle East, and Asia-Pacific. For more information about Sirsi, please see www.sirsi.com.
About Docutek
Founded as Docutek Information Systems Inc. in 1995, Docutek, a Sirsi company, is a leader in e-learning collaboration and communications solutions for K-12, higher education, and libraries. Docutek licenses Docutek ERes, the leading electronic reserves software, and Docutek VRLplus, a leading virtual reference system. Docutek ERes is used by 3.25 million students on more than 400 college university campuses worldwide. Docutek VRLplus is used by 200 public, academic, and special libraries worldwide. For more information about Docutek, please see www.docutek.com.
