Library Technology Guides

Document Repository

ProQuest Acquisition of Innovative Proceeds

Smart Libraries Newsletter [December 2020]

.

Abstract: ProQuest announced that it has received notification from the Federal Trade Commission (FTC) that the review of its acquisition of Innovative Interfaces has been completed. According to ProQuest Chief Executive Officer Matti Shem Tov, the acquisition of Innovative was accepted in its entirety and without further stipulations. ProQuest announced in December 2019 that it had acquired Innovative Interfaces from its previous owners, investment firms HGGC (formerly Huntsman Gay Global Capital) and JMI Equity in a transaction that closed on January 16, 2020. The FTC review commenced in February 2020, with ProQuest making a public statement acknowledging it on March 13, 2020. No specific information is available on what triggered this acquisition for review by the FTC, nor why it took place after the transaction had closed.


The full text of this article is restricted

Permalink:
View Citation
Publication Year:2020
Type of Material:Article
Language English
Published in: Smart Libraries Newsletter
Publication Info:Volume 40 Number 12
Issue:December 2020
Page(s):2-5
Publisher:ALA TechSource
Place of Publication:Chicago, IL
Show FT:N
Company: Innovative Interfaces, Inc.
ProQuest
Subject: Mergers and Acquisitions
ISSN:1541-8820
Record Number:25764
Last Update:2021-02-15 12:38:24
Date Created:2020-12-12 09:44:25