Library Technology Guides

Product and Company News and Announcements


August 5, 2020

(Ancestry) Blackstone announced that private equity funds managed by Blackstone have reached a definitive agreement to acquire Ancestry from Silver Lake, GIC, Spectrum Equity, Permira, and other equity holders for a total enterprise value of $4.7 billion. Current Ancestry investor GIC will continue to retain a significant minority stake in the company. This transaction represents the first control acquisition for Blackstone's eighth vintage of its flagship private equity vehicle.

August 3, 2020

(Axiell) Axiell, the leading supplier of software to the cultural sector, announced the acquisition of Musoft, the leading vendor for collections management, heritage catalogue, virtual reality and public facing solutions in the Czech and Slovak Republics. The acquisition advances the technology landscape for museums, libraries and cultural organisations in Eastern and Central Europe and brings customers such as Czech National Museum, Slovak National Museum, Czech National Heritage Institute, Office of the Government of the Czech Republic into the Axiell Group. Musoft's industry experience, local infrastructure, leading technologies and well-established customer relationships expand Axiell's position in Europe. In the near future, the region and Musofts existing customers will get access to the cloud-based solutions Axiell Quria for libraries and WeLib for education, as well as Axiell's solutions for collections management.

July 30, 2020

(Clarivate Analytics) Clarivate, a global leader in providing trusted information and insights to accelerate the pace of innovation, announced that it has signed a definitive agreement to combine with CPA Global, a global leader in intellectual property software and tech-enabled services. In the all-stock transaction, CPA Global shareholders will receive approximately 218 million Clarivate ordinary shares, representing 35% pro forma fully diluted ownership of Clarivate. Based on the 30-day volume weighted average share price of Clarivate, the implied enterprise value is approximately $6.8 billion, which includes approximately $900 million of the present value of tax assets. The transaction, which is subject to customary closing conditions, including regulatory approvals, is expected to close fourth quarter of 2020.

June 23, 2020

(Overdrive) OverDrive, the leading digital reading platform for libraries and schools, announced today that it is acquiring the assets of RBmedia's library business, including the RBdigital platform in North America, the United Kingdom and Australia.

June 9, 2020

(Overdrive) OverDrive, the leading digital reading platform for libraries and schools, announced the completion of its acquisition by KKR, a leading global investment firm. In December 2019, KKR announced that it had agreed to acquire OverDrive from Rakuten.

May 7, 2020

(Zoom) Zoome has acquired Keybase, another milestone in its 90-day plan to further strengthen the security of our video communications platform. Since its launch in 2014, Keybase’s team of exceptional engineers has built a secure messaging and file-sharing service leveraging their deep encryption and security expertise. We are excited to integrate Keybase’s team into the Zoom family to help us build end-to-end encryption that can reach current Zoom scalability.

May 4, 2020

(Gale Group) Although we believed the merger could have helped libraries reach more learners, the future for Gale has never been stronger. As distance learning becomes a new reality, Gale remains committed to providing libraries, educators and students with digital resources and educational technology to support their online learning needs. Our customers are our top priority and we will continue to deliver the high-quality content and service they have come to expect. We continue to operate as part of the Cengage portfolio and our customers will not see any disruption in the services we provide to them.

(Cengage Learning) McGraw-Hill and Cengage announced that they have mutually agreed to terminate their proposed merger of equals, which had been announced in May 2019. The decision was unanimously approved by the Boards of Directors of McGraw-Hill and Cengage. The Termination Agreement foresees no payment of a break fee on either side.

(Cengage Learning) Cengage, an education and technology company, today announced that its merger agreement with McGraw-Hill has been terminated by mutual agreement due to a prolonged regulatory review process and the inability to agree to a divestitures package with the U.S. Department of Justice. In conjunction with the announcement, Cengage reaffirmed its commitment to student affordability and the company's ongoing transformation to digital.

April 27, 2020

(Kortext) CLA and Kortext announce that from 1st January 2020 its KeyLinks operations will come together under single leadership. Over the past 2 years CLA and Kortext have worked closely in developing, enhancing and supporting the KeyLinks reading list management system which is now being used in libraries in the UK, Europe, Australia and the US.

March 13, 2020

(ProQuest) When ProQuest and Ex Libris announced the acquisition of Innovative, we believed we could accelerate the pace of innovation in our industry and create new and better options for libraries....We are holding off on some other integration plans. As is typical with many merger and acquisition transactions in the United States, the U.S. Federal Trade Commission (FTC) routinely evaluates the potential impact on competition and customers, and we received a formal notification of a review of the acquisition of Innovative. We remain confident that the acquisition will positively impact the industry and increase choice for libraries worldwide. We are working with the relevant parties and hope to be through this process soon.

March 10, 2020

(Recorded Books) RBmedia, a global leader in spoken audio content and digital media distribution technology, today announced the acquisition of GraphicAudio, a leading producer of dramatized audio content featuring a full cast of actors, sound effects, and cinematic music.

March 5, 2020

(Digital Science) Digital Science, a technology company serving stakeholders across the research ecosystem, welcomes Boston-based Scismic to the Digital Science family of companies. Scismic builds technology platforms focused on enhancing career outcomes in the life science workforce. Scismic Job Seeker is their diversity-promoting, automated recruiting platform for the biopharmaceutical industry. The platform matches scientists to jobs based on expertise and removes sources of bias with its gender and race-blind matching algorithms, helping increase diversity in scientific hiring.

March 2, 2020

(Clarivate Analytics) Clarivate Analytics announced it has completed its acquisition of Decision Resources Group. Previously, Clarivate announced on January 17, 2020 its intent to acquire DRG from Piramal Enterprises Limited, part of global business conglomerate Piramal Group.

February 27, 2020

(EBSCO Information Services) EBSCO Information Services (EBSCO) has announced that it has entered into a definitive agreement to acquire Zepheira, a provider of large-scale, decentralized linked data infrastructure. Zepheira’s mission is to connect libraries, archives and museums to make the world a smarter place. Zepheira uncovers previously hidden data and insights for patrons and facilitates connections between library systems and the open web. This acquisition reinforces EBSCO’s commitment to making information available when, where and how users need it.

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