May 16, 2016, Atlanta, GA - Following four months of formal due diligence and six months of exploration, the Boards of LYRASIS and DuraSpace have decided that a full merger is not currently the best way for each organization to achieve its long-term goals. In lieu of a formal merger, LYRASIS and DuraSpace will continue to pursue more informal collaborations that benefit members and communities of both organizations while allowing each organization to remain focused on its mission. This decision is the result of extensive investigations and good faith due diligence.
Following the decision to dissolve the "Intent to Merge", both organizations will discontinue the due diligence and public comment phase.
LYRASIS (www.lyrasis.org), a 501(c)(3) non-profit membership organization, partners with member libraries, archives and museums to create, access and manage information with an emphasis on digital content, while building and sustaining collaboration, enhancing operations and technology, and increasing buying power.
The DuraSpace (http://duraspace.org) organization is an independent 501(c)(3) not-for-profit providing leadership and innovation for open technologies and services that promote durable, persistent access and discovery of digital data and content. More than 2,000 institutions worldwide use DSpace, Fedora and VIVO open source software which is supported by DuraSpace members. Our values are expressed in our organizational byline, "Committed to our digital future."