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Acquisition Not Happening

Press Release: PTFS [February 11, 2010]

Copyright (c) 2010 PTFS

Abstract: PTFS and LibLime announce their mutual agreement to continue to operate as independent companies providing integrated library solutions in the US and throughout the world.PTFS and LibLime made a joint statement on January 13, 2010 announcing plans for a sale of LibLime to PTFS. However, PTFS and LibLime could not agree upon financial terms and have agreed not to proceed with the acquisition.


Bethesda, MD and Columbus, OH — February 11, 2010 — PTFS and LibLime announce their mutual agreement to continue to operate as independent companies providing integrated library solutions in the US and throughout the world.

PTFS and LibLime made a joint statement on January 13, 2010 announcing plans for a sale of LibLime to PTFS. However, PTFS and LibLime could not agree upon financial terms and have agreed not to proceed with the acquisition.

About PTFS, Inc.

Founded in 1995, PTFS is a library centric company and is the developer of the ArchivalWare content management software. PTFS has provided commercial ILS systems integration, implementation, and support since its inception. In 2008, PTFS entered the open source library marketplace in 2008, developing, implementing, and supporting Koha ILS solutions. Providing digital library and content management solutions for over a decade, PTFS is experienced in executing complete turn-key solutions as well as on-site library staffing and consulting services. For more information, see www.ptfs.com.

About LibLime

LibLime is the world’s leading provider of open-source library solutions. Rather than sell software licenses for static, hard-to-customize software products, LibLime educates libraries about the benefits of open source, enabling them to make choices about how best to provide their communities and staff with better technology services. LibLime then facilitates implementation of open source in libraries by providing outstanding development, customization, support and training solutions--solutions tailored to each library's needs. For more information, see www.liblime.com.

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Publication Year:2010
Type of Material:Press Release
Language English
Issue:February 11, 2010
Publisher:PTFS
Company: LibLime
PTFS
Products: Koha
Subject: Mergers and acquisitions
Record Number:14526
Last Update:2012-12-29 14:06:47
Date Created:2010-02-11 23:04:54