Montreal, Canada – September 10, 2004 – BiblioMondo Inc., a leading provider of integrated solutions to the world's public, academic and special libraries today announced that, pending regulatory and approval and definitive agreements, it will be merging with ISACSOFT Inc. (TSX: ISF), a Canadian-based provider of e-learning software and services. The combined companies will form a significantly expanded organization, with complimentary products and services and new opportunities for growth within the international library market.
“This combination of our strength in library technology and services, coupled with ISACSOFT's e-learning content, will create strong synergies within the organization and a great deal of added value for our library customers around the world.”, said Ian Ferguson current President & CEO of BiblioMondo, to be named Chief Operating Officer of ISACSOFT with the finalization of the deal.
With this transaction BiblioMondo enters an exciting new phase of its existence. BiblioMondo and ISACSOFT represent a combination of complimentary software products and services spanning e-learning content and courseware and comprehensive library management system technology. In addition to providing new sales channels for ISACSOFT software and services, BiblioMondo technology, specifically ZONES, represents a promising potential new delivery vehicle for their content.
“As libraries around the world evolve to become centers for career training and certification, together with BiblioMondo, ISACSOFT will gain a critical international presence within this exciting new growth market,“ said ISACSOFT President and CEO, Ronald Brisebois.
With a sustained focus to continued development and enhancement of the company's complete line of library products including PortFolio, Concerto and ZONES, BiblioMondo remains committed to the plans laid out in the Fall/Winter 2004 product roadmap, Outlook, while providing critical services and support to ensure that all of its library clients continue to operate smoothly and get the most out of their technology investments.
About BiblioMondo Inc.
Headquartered in Montreal, Canada, BiblioMondo provides integrated library automation solutions to the world's leading public, academic and special libraries, and consortia. With a network of 1400 libraries served by offices in Britain, France, the Netherlands, Germany, Canada and the United States, BiblioMondo brings its clients unparalleled global reach, powered by comprehensive local, multilingual support. Our web-centric, multi-platform family of products reaches an estimated 19 million users worldwide.
About ISACSOFT Inc.
ISACSOFT is a provider of content-based software solutions to its international customers. The revenue model is based on software licences, copyrighted content development, recurring revenues and services. The solutions of ISACSOFT include knowledge management, e-Learning management and document management. ISACSOFT is headquartered in Montreal, Canada with sales offices in New York and Quebec City, as well as an international network of distributors. Please take note that the transaction is subject to regulatory approval and completion of definitive agreements between the parties.