BETHESDA, Maryland (31 August 2001) - Cambridge Information Group (CIG) has acquired the R.R. Bowker publishing operations from Reed Elsevier Inc. Product responsibility for most titles will split between divisions within CIG. Additionally CIG has sold several of the Bowker directories to Information Today, Inc.
"This is a very important acquisition for us," said Jim McGinty, president of CIG. "We are acquiring a publishing group with some of the most recognized, widely-held and widely-respected titles in the industry, such as Books In Print, Ulrich's Periodicals Directory, and LISA. Moreover, this acquisition provides tremendous synergy with a number of our existing products produced by CSA. All of this means growth for the company and its employees."
"Our award-winning platform, IDS, will now host a broad base of products that serve both library professionals and end-users," said Matt Dunie, president of CSA, a CIG company. "Adding full-text to our product line provides us with more ways to integrate with our other content and help our customers leverage the investments they have made in our products."
CIG has established a new subsidiary, R.R. Bowker LLC, to operate Books In Print, Ulrich's Guide to Periodicals and the ISBN agency. Michael Cairns, formerly the Executive Vice President and General Manager of Reed's Bowker unit, will head the new company. R.R. Bowker LLC will continue to be based in New Providence, New Jersey and maintain its current offices in Tampa, Florida, East Grinstead, U.K., and Melbourne, Australia.
LISA: Library and Information Science Abstracts, ANTE: Abstracts in New Technologies and Engineering, BHI: British Humanities Index, and ASSIA: Applied Social Sciences Index and Abstracts will now be published and distributed by CSA (Cambridge Scientific Abstracts), which will make electronic versions of the databases available through its Internet Database Service. CSA will also publish eleven primary journals from Bowker including Business Information Review and the Journal of Librarianship and Information Science.
Several directories not fitting into the CIG publishing strategy have been sold to Information Today, Inc. (ITI), publisher of Information Today; these include Literary Market Place and the American Library Directory. ITI and CIG, although independent companies, have previously collaborated on information-related products. The ITI databases, Internet & Personal Computing Abstracts and Biology Digest, are available through CSA's Internet Database Service.
CIG and CSA have been pursuing an aggressive acquisition strategy. In the last six years, they have acquired the Materials Information division from ASM, ARTbibliographies Modern and ABC POL SCI from ABC-CLIO, the Aerospace Database from the American Institute of Aeronautics and Astronautics (AIAA), and Sociological Abstracts from Sociological Abstracts, Inc. CSA also recently entered into an agreement with the American Meteorological Society (AMS) to produce Meteorological and Geoastrophysical Abstracts (MGA).
Berkery, Noyes & Co. represented R.R. Bowker, a unit of Reed Elsevier Inc., in this transaction. Berkery Noyes specializes in investment banking for the information, publishing, and communications industries. Joe Berkery, CEO of Berkery, Noyes & Co., said, "It is a very satisfactory deal for all parties involved. R.R. Bowker will be a great fit with CSA."
Reed Elsevier plc is a world leading publisher and information provider. It is owned equally by Reed International plc (NYSE: RUK) and Elsevier NV (NYSE: ENL) and employs 35,000 people worldwide. Operating in the science and medical, legal, education and business-to-business industry sectors, Reed Elsevier provides high value and flexible information solutions to professional end users, with increasing emphasis on the Internet. Building on its strong position in key markets and its established brands and content, the company is investing aggressively in the migration of its portfolio to electronic delivery, with links to a wide range of content-related services and transactional capabilities.