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.
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| Permalink: | https://librarytechnology.org/document/25764 |
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| 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 |
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