Library Technology Guides

Current News Service and Archive


June 16, 2021

McGraw Hill. Platinum Equity to acquire McGraw Hill from Apollo Funds for $4.5 Billion. Platinum Equity announced today that it has entered into a definitive agreement to acquire McGraw Hill, a global leader in educational content and digital platforms, from funds (the "Apollo Funds") managed by affiliates of Apollo Global Management, Inc. (NYSE: APO) (together with its consolidated subsidiaries, "Apollo") for a purchase price of approximately $4.5 billion. [Full Announcement].

June 15, 2021

Lyrasis LYRASIS announces acquisition of BiblioLabs. LYRASIS, a global non-profit serving libraries, archives, museums and research communities, announces the acquisition of BiblioLabs, LLC., a Charleston, SC-based library technology firm. The acquisition unites two organizations on the leading edge of library software and support services and transitions BiblioLabs from a mission-aligned for-profit firm into the mission-driven non-profit model of LYRASIS. The acquisition is complete effective June 15, 2021 and was funded through cash purchase and charitable contribution by the owners of BiblioLabs. [Full Announcement].

June 9, 2021

Overdrive OverDrive to acquire video streaming service Kanopy. OverDrive, the leading digital reading platform for libraries and schools worldwide, announced today that it is acquiring Kanopy, a leading video streaming service for public and academic libraries. The acquisition of Kanopy will bring one of the industry's most-acclaimed video catalogs to the OverDrive platform to better serve public and academic libraries around the world. Kanopy provides academic institutions and public libraries with an award-winning catalog of over 30,000 highly curated films. Kanopy is used by millions of students and library patrons and is available on all major web, mobile and TV platforms. [Full Announcement].

Kanopy L Squared Capital Partners announces pending sale of Kanopy to OverDrive. OverDrive, a leading digital reading platform for libraries and schools, announced today that it is acquiring Kanopy, the leading video streaming service for public and academic libraries, from L Squared Capital Partners. The acquisition of Kanopy will bring one of the industry's most-acclaimed video catalogs to the OverDrive platform to better serve public and academic libraries around the world. Kanopy provides academic institutions and public libraries with an award-winning catalog of over 30,000 highly curated films that inspire, educate and entertain. [Full Announcement].

May 17, 2021

ProQuest Clarivate to acquire ProQuest, creating a leading global provider of mission critical information and data-Driven Solutions for Science and Research. Clarivate, a global leader in providing trusted information and insights to accelerate the pace of innovation, announced a definitive agreement to acquire ProQuest, a leading global software, data and analytics provider to academic, research and national institutions, from Cambridge Information Group, a family-owned investment firm, and other partners including Atairos, for $5.3 billion, including refinancing of ProQuest debt. The consideration for the acquisition is approximately $4.0 billion in cash and $1.3 billion of equity. The transaction, which is subject to customary closing conditions, including regulatory approvals, is expected to close during the third quarter of 2021. [Full Announcement].

May 11, 2021

Recorded Books RBmedia acquires McGraw Hill Professional audiobook publishing business. RBmedia, the largest audiobook producer in the world, announced the acquisition of McGraw Hill Professional's audiobook publishing business, which includes its catalog of previously published titles, as well as a multi-year agreement to become the exclusive audio publisher for all of McGraw Hill Professional's new titles. [Full Announcement].

May 10, 2021

Houghton Mifflin Harcourt. Houghton Mifflin Harcourt completes divestiture of HMH Books & Media for $349 Million. Learning technology leader Houghton Mifflin Harcourt completed its previously announced divestiture of its consumer publishing business, HMH Books & Media, to HarperCollins Publishers, a division of News Corp, a global, diversified media and information services company, for a cash purchase price of $349 million. Net proceeds to HMH were approximately $337 million after transaction fees. [Full Announcement].

April 15, 2021

Ingram Content Group Ingram Content Group announces agreement for Francisco Partners to acquire VitalSource Technologies. Ingram Content Group announced it has signed a definitive agreement to sell VitalSource Technologies LLC to Francisco Partners, a leading global investment firm that specializes in partnering with technology businesses. [Full Announcement].

March 31, 2021

Francisco Partners. Francisco Partners to acquire leading legal education provider BARBRI. Francisco Partners, a leading global investment firm that specializes in partnering with technology businesses, announced that it has signed a definitive agreement to acquire BARBRI Inc. from Leeds Equity Partners. Terms of the transaction were not announced. [Full Announcement].

March 29, 2021

Harpercollins. News Corp to acquire Houghton Mifflin Harcourt Books and Media segment. New York, NY. News Corp announced today that it has entered into an agreement to acquire the Books & Media segment of Houghton Mifflin Harcourt (HMH Books & Media). The business will be operated by HarperCollins Publishers, a News Corp subsidiary. [Full Announcement].

March 10, 2021

Springer Nature. Springer Nature strengthens its position in conference proceedings and driving OA publishing with purchase of Atlantis Press. Springer Nature has acquired Atlantis Press, an open access (OA) publisher specialising in conference proceedings and journal publishing, founded in 2006 in Paris. Containing more than 1,200 conference proceedings, the Atlantis Press portfolio is a valuable addition to Springer Nature's book portfolio. It will further strengthen Springer Nature's position as a leader in the conference proceedings market, where it already publishes over 1,800 titles a year, and its leadership position in open access publishing. [Full Announcement].

February 25, 2021

Bruynzeel Storage Systems. Bruynzeel Storage Systems acquires American distributor of storage systems. The European market leader in mobile storage systems, Bruynzeel Storage Systems with headquarters in Panningen, Netherlands is taking over the American distributor RDT Concepts. With the acquisition, Bruynzeel strengthens its position in the American market in mobile and fixed storage systems. RDT Concepts has built a strong position in a large number of markets in the Midwestern United States over the past decades. The US storage systems market is the largest in the world. [Full Announcement].

February 11, 2021

Recorded Books RBmedia acquires Booka’s audiobook publishing business to expand Spanish-language offering. RBmedia, the largest audiobook producer in the world, today announced the acquisition of Booka's audiobook publishing business and its full catalog of Spanish language titles. Booka, a leading audiobook producer in Spain, will retain its professional services audio production business. [Full Announcement].

January 11, 2021

2CQR. Important news from 2CQR. Lyngsoe Systems has acquired 2CQR and PV SUPA [Full Announcement].

January 7, 2021

Lyngsoe Systems Lyngsoe Systems to acquire P.V. Supa Group. Lyngsoe Systems A/S Library Business Unit has signed an agreement to acquire Finnish-based P.V. Supa and its related companies in UK (2CQR) and US (P.V. Supa Inc.). [Full Announcement].

January 5, 2021

Wiley, Inc.. Wiley acquires Hindawi. John Wiley & Sons announced the acquisition of Hindawi Limited, an innovator in open access publishing and one of the world's fastest growing scientific research publishers, for a total purchase price of $298 million. The acquisition of Hindawi significantly increases Wiley's position as a global leader in research by adding quality, scale and growth to the company's open access publishing program. [Full Announcement].

December 17, 2020

Ingram Industries. Ingram Micro and HNA Group announce completion of Acquisition. Ingram Micro and HNA Group announced that they have completed the previously announced transaction, under which Tianjin Tianhai Investment Company, Ltd., a publicly-traded subsidiary of HNA Group, acquired Ingram Micro for $38.90 per share in an all-cash transaction with an equity value of approximately $6 billion. [Full Announcement].

December 14, 2020

Capita Agreement to sell Education Software Solutions. Capita plc announces that it has agreed to sell its Education Software Solutions business to Tiger UK Bidco Limited, a newly formed company established by funds advised by Montagu Private Equity (‘Montagu'), in a deal that values ESS at up to £400m. [Full Announcement].

ParentPay Montagu Private Equity to acquire Capita’s ESS business and invest in ParentPay Group, ESS to become part of ParentPay group, subject to approval. Montagu Private Equity, a leading European private equity firm, announced it has agreed to acquire the Education Software Solutions business (“ESS”) of Capita plc and has also agreed to invest in ParentPay Group (“ParentPay”), a leading provider of education technology. Following successful completion of both investments, ESS will become part of the ParentPay Group. [Full Announcement].

Ingram Content Group Lightning Source UK renamed Ingram Content Group. Lightning Source UK Ltd has been renamed to Ingram Content Group UK Ltd, or, for market purposes, Ingram Content Group. This change helps create a more consistent global approach to our brand and brings together Ingram Content Group's publisher and retail services in the UK into one named entity. There will not be any changes to operations or services. [Full Announcement].

1