The only major industry news on the mergers-and-acquisitions front involves the completion of the acquisition of Ex Libris by Francisco Partners, which was announced last month (November 1, 2006). The closing of the transaction took a bit longer than the projected September 2006 date, but given the international complexities involved, this minor delay is not surprising. Terms of the transaction were not disclosed, and Ex Libris will continue to operate under its existing management and business plan.