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Press Release: ProQuest [November 3, 2020]

Federal Trade Commission closes its review of ProQuest’s acquisition of Innovative Interfaces

Ann Arbor, MI -- November 2, 2020. ProQuest today announced that the U.S. Federal Trade Commission has closed its review of Ex Libris' acquisition of Innovative. Innovative is now part of the ProQuest corporate family. Operationally, Innovative will run independently as a ProQuest entity and peer company to Ex Libris.

"Over the past year, we have worked in close and transparent collaboration with Innovative customers, both public and academic, and communicated and delivered on our roadmaps, across Sierra, Polaris Leap, Vega, and Mobile," said Matti Shem Tov, CEO of ProQuest. "We look forward to combining our strengths, accelerating innovation, and developing solutions for libraries to enhance their connections with patrons in these challenging times. Our ongoing commitment to our customers, user groups, and to the betterment of libraries is unwavering."

Innovative General Manager Yariv Kursh will continue to lead the team, and all Innovative products will continue to be developed, sold, and supported for both the academic and public markets with no changes to product availability or pricing. Innovative customers will continue to engage with the Innovative sales, support, and product management teams as they always have. Ex Libris will remain focused on executing its vision for academic institutions.

"This is an exciting time for Innovative," said Yariv Kursh, General Manager of Innovative. "We look forward to the opportunity to provide continuity to our customers and employees, and to work in partnership with the teams at ProQuest and Ex Libris for the benefit of libraries worldwide."

"Working more closely with Innovative will open opportunities for further innovation to benefit our academic customers," said Bar Veinstein, President of Ex Libris. "The companies look forward to collaborating more closely."

About Innovative

Innovative, a ProQuest company, provides leading technology solutions and services that empower libraries and enrich their users worldwide. Innovative offers one of the most comprehensive portfolios of library automation products on the market today, serving academic, public, national, consortia, and corporate and special libraries. Headquartered in Emeryville, California, Innovative has a global presence—serving thousands of libraries in 66 countries and offices worldwide. For more information, visit www.iii.com.

About Ex Libris

Ex Libris, a ProQuest company, is a leading global provider of cloud-based solutions that enable institutions and their individual users to create, manage, and share knowledge. In close collaboration with its customers and the broader community, Ex Libris develops creative solutions that increase library productivity, maximize the impact of research activities, enhance teaching and learning, and drive student mobile engagement. Ex Libris serves over 7,500 customers in 90 countries. For more information about Ex Libris, see our website, and join us on Facebook, YouTube, LinkedIn, and Twitter.

About ProQuest

ProQuest supports the important work in the world's research and learning communities. The company curates six centuries of content – the world's largest collection of journals, ebooks, primary sources, dissertations, news, and video – and builds powerful workflow solutions to help libraries acquire and grow collections that inspire extraordinary outcomes. ProQuest products and services are used in academic, K-12, public, corporate and government libraries in 150 countries.

Along with its companies and affiliates Ex Libris, Alexander Street, and Bowker, ProQuest helps its customers achieve better research, better learning and better insights. For more information, visit our ProQuest and Extraordinary Stories blogs, and follow us on Twitter, Facebook or Instagram.


Summary: ProQuest announced that the U.S. Federal Trade Commission has closed its review of Ex Libris' acquisition of Innovative. Innovative is now part of the ProQuest corporate family. Operationally, Innovative will run independently as a ProQuest entity and peer company to Ex Libris.
Publication Year:2020
Type of Material:Press Release
LanguageEnglish
Date Issued:November 3, 2020
Publisher:ProQuest
Company:
Company: Innovative Interfaces, Inc.
ProQuest
Subject: Mergers and acquisitions
Permalink: https://librarytechnology.org/pr/25647

LTG Bibliography Record number: 25647. Created: 2020-11-03 03:32:01; Last Modified: 2020-11-03 03:32:16.