Monterey, CA, June 23, 1997 - McGraw-Hill School Systems and CASPR Library Systems today announced the signing of a letter of intent whereby CASPR will acquire the library automation products and services of McGraw-Hill School Systems. These products include the Columbia Library System (CLS), used in over 2,700 school, public and private libraries across North America. As part of the contract, CASPR will take over technical support services for the CLS user base by (date TBD) and will work with customers to migrate them from CLS, a DOS application, to CASPR’s LibraryWorld integrated library automation cross-platform software.
Through this transaction, McGraw-Hill School Systems will be able to focus on its core business, student information management software and services, where it has the leading North American K-12 market share, with over 18,000 installations. The company’s products include DOS-based applications such as The School System and Osiris, and its new Windows 95/NT school-based application, the McGraw-Hill School System. In addition, the company has just released its much-anticipated McGraw-Hill District System, a Microsoft BackOffice application co-developed with Microsoft Corporation. The company has also released lnteGrade Pro, an enhanced 32 bit, cross platform version of its lnteGrade teacher gradebook software.
Divesting of our library assets is an important part of our long-term strategic goal of better serving our core administrative market," says Peter Carabi, President of McGraw-Hill School Systems. "CASPR is the ideal acquirer of our library assets because of their award winning products, their excellent support reputation, and their long range technology vision."
CASPER’s current customer base of 3,000 customers will be almost doubled by the acquisition, which will make the company one of the largest library automation providers in North America. Headquartered in San Jose, CA, CASPER has aggressive plans to provide technology vision to the K-12 and post-secondary library market. "CASPR will provide existing McGraw-Hill library customers with steady and consistent support of their current software, while providing a smooth and cost-effective upgrade path to CASPR’s cross-platform LibraryWorld solution," says Norman Kline, President of CASPR Library Systems.
McGraw-Hill School Systems (http://www.mhss.com) is a unit of the Educational and Professional Publishing division of The McGraw-Hill Companies. The McGraw-Hill Companies is a leading information services provider meeting worldwide needs in education, business, finance, the professions, and government. Founded in 1888, the Corporation today provides information and analysis in multiple media through its rich portfolio of brands. Sales in 1996 were 3.1 billion.