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Innovative purchases SLS (Information Systems) Ltd.

Press Release: Innovative Interfaces, Inc. [April 30, 1997]

Copyright (c) 1997 Innovative Interfaces, Inc.

Abstract: Innovative Interfaces, Inc. today announced that it has completed the purchase of SLS (Information Systems) Limited, a major Europe-based library automation supplier. Innovative completed the transaction as a cash purchase of 100% of all SLS stock from 16 UK university shareholders, which will encompass the entire SLS UK operation and two subsidiaries, SLS (Information Systems) Scandinavia AB in Stockholm and SLS (Information Systems) Limited Sucursal en España in Madrid.


April 30, 1997. Innovative Interfaces, Inc. today announced that it has completed the purchase of SLS (Information Systems) Limited, a major Europe-based library automation supplier. Innovative completed the transaction as a cash purchase of 100% of all SLS stock from 16 UK university shareholders, which will encompass the entire SLS UK operation and two subsidiaries, SLS (Information Systems) Scandinavia AB in Stockholm and SLS (Information Systems) Limited Sucursal en España in Madrid.

"SLS serves a large number of prestigious academic, research, and public libraries in several key European markets and will be a good fit with Innovative's growing presence as a leading information technology supplier in Europe," said Jerry Kline, President of Innovative. "SLS and Innovative share key corporate values which I believe have been very important to our respective successes in partnering with libraries over the last three decades. Both companies were built upon a long-term product and service strategy of open systems, depth of functionality, incorporation of international standards, and, most recently, focused on the increasing importance of integrating Web-based technology."

Kline continued by pointing out: "I was very impressed by the caliber of the SLS staff, which is essential to providing quality service and support, another key priority we have always focused on at Innovative."

Innovative and SLS are committed to providing a continuity of support and services for the existing SLS LIBERTAS products, and a new release of LIBERTAS will be provided to customers during Summer '97. Innovative is exploring ways to further expand and enhance SLS's other primary product—the SLS database service. Planning is now underway to provide existing SLS customers with access to many of Innovative's new information technologies, particularly the Java™-based INNOPAC Millennium system, and plans will be formally announced this summer. SLS will remain headquartered in Bristol, England.

The LIBERTAS automated system from SLS has more than 70 installations in the United Kingdom, Spain, Portugal, Iceland, and Greece, serving university, higher education, public, national and special libraries.

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Publication Year:1997
Type of Material:Press Release
Language English
Issue:April 30, 1997
Publisher:Innovative Interfaces, Inc.
Place of Publication:Emeryville, CA
Company: Innovative Interfaces, Inc.
SLS Information Systems, Ltd.
Products: Libertas
Millennium
Subject: Mergers and acquisitions
Online access:http://www.iii.com/sales/press_releases/97press.shtml
Record Number:6714
Last Update:2012-12-29 14:06:47
Date Created:0000-00-00 00:00:00