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Press Release: Elsevier [January 12, 2015]

Elsevier Acquires Media Monitoring Company Newsflo

Elsevier, a world-leading provider of scientific, technical and medical information products and services, announced today the acquisition of Newsflo, a London-based company that helps researchers and academic institutions to measure the wider impact of their work by tracking and analyzing media coverage of their publications and findings.

Currently Newsflo tracks over 55,000 English-speaking global media sources and has the technology and network to expand to non-English language media. Newsflo applies this intelligence to mine emerging trends in the academic sector and to provide relevant media alerts. The Newsflo media monitoring capability will be integrated in the profiles of researchers using the Mendeley platform, providing individually customized evidence of societal impact of their research through media mentions. Through the ongoing integration of Mendeley with Elsevier's existing platforms, Newsflo's media monitoring feature will become an integrated part of the workflow of researchers publishing with Elsevier, along with tools such as the Article Recommender.

Olivier Dumon, Managing Director of Research Application and Platforms at Elsevier, said, "The demonstration of societal impact is increasingly important for researchers and research departments across many areas, including the ability to secure funding and attract students. Through this acquisition we will acquire not only the technology to enable this, but also the expertise of the two founders, who will be great assets to Elsevier in further advancing our portfolio of innovative tools to support institutional leaders and researchers' workflows and careers."

Newsflo will join Elsevier's new technology center in London, the location for Elsevier Big Data analytics, Mendeley and ScienceDirect. Newsflo Co-Founder Ben Kaube said, "Joining Elsevier allows us to scale up our operation so that we can make a truly substantial impact. Our mission is to help institutions and researchers to showcase the value of their research. It's exciting to now be able to serve millions of researchers every day, helping them to stay informed about media interest in their work and develop their profiles."

The acquisition is effective immediately and financial terms of the transaction are not being disclosed.

More information and updates on this news can be found on Elsevier Connect, Elsevier's online community, and on the Mendeley blog.

About Newsflo

Founded in 2012 by Imperial College London physicists, Newsflo monitors and analyses the media impact of individual research papers, researchers and institutions. Developed with leading UK universities, the technology caters to the needs of both researchers and institutions looking to track the media reach of their work.

About Elsevier

Elsevier is a world-leading provider of information solutions that enhance the performance of science, health, and technology professionals, empowering them to make better decisions, deliver better care, and sometimes make groundbreaking discoveries that advance the boundaries of knowledge and human progress. Elsevier provides web-based, digital solutions — among them ScienceDirect, Scopus, Elsevier Research Intelligence,and ClinicalKey—and publishes over 2,200 journals, including The Lancet and Cell, and over 25,000 book titles, including a number of iconic reference works.

The company is part of Reed Elsevier Group PLC, a world leading provider of professional information solutions in the Science, Medical, Legal and Risk and Business sectors, which is jointly owned by Reed Elsevier PLC and Reed Elsevier NV. The ticker symbols are REN (Euronext Amsterdam), REL (London Stock Exchange), RUK and ENL (New York Stock Exchange).

Summary: Elsevier has acquired Newsflo, a London-based company that helps researchers and academic institutions to measure the wider impact of their work by tracking and analyzing media coverage of their publications and findings.
Publication Year:2015
Type of Material:Press Release
Date Issued:January 12, 2015
Company: Elsevier
Subject: Mergers and acquisitions

LTG Bibliography Record number: 20237. Created: 2015-01-12 09:18:34; Last Modified: 2015-01-12 09:19:46.