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EOS International announces new ownership

Press Release: EOS International [June 10, 2001]

Copyright (c) 2001 EOS International

Abstract: EOS International, a California-based library automation company with offices and service centers located throughout the globe, announced that CEO Scot Cheatham has successfully acquired ownership of the company from Dawson Holdings PLC. In an effort to redirect their focus solely on European operations, Dawson Holdings, a United Kingdom corporation, agreed to sell all of its interest in EOS International to original founder Scot Cheatham. "This transaction is a major step enabling EOS to focus exclusively on delivering library automation and information management solutions to clients globally," said Scot Cheatham.


Carlsbad, CA - June 10, 2001 - EOS International, a California-based library automation company with offices and service centers located throughout the globe, is pleased to announce that CEO Scot Cheatham has successfully acquired ownership of the company from Dawson Holdings PLC. In an effort to redirect their focus solely on European operations, Dawson Holdings, a United Kingdom corporation, agreed to sell all of its interest in EOS International to original founder Scot Cheatham. "This transaction is a major step enabling EOS to focus exclusively on delivering library automation and information management solutions to clients globally," said Scot Cheatham.

Furthermore, industry veteran Tony Saadat has acquired an equity interest in EOS International to solidify the company's long term commitment to clients. "We place high value on teamwork and results at EOS International and Tony's past experience demonstrates both in full measure. Tony's unique combination of executive level experience with enterprise information technology and the library automation software industry is a real asset to the company," said CEO Scot Cheatham. "I am pleased to endorse this partnership. Moving forward, Tony's primary focus will be directed at business operations and solid execution of our major corporate initiatives. We are confident that Tony will play an integral role in our expanded efforts to further EOS International's position as a global library automation leader."

Tony Saadat brings over 15 years of library industry experience to EOS International, having previously held executive level positions at SydneyPlus International. "I am honored to join this dynamic organization and look forward to helping further the company's leading reputation in the library industry," said Tony Saadat.

"An enthusiastic EOS International staff welcomed the announcement with applause elated over the benefits that private ownership brings to our team philosophy. This strategic move allows us to focus on our primary commitment to delivering innovative solutions and exceptional customer services that enhance the economic value of our clients' information assets," said EOS International CEO Scot Cheatham.

In anticipation of the acquisition, EOS initiated strategic meetings to plan a corporate-wide restructure and reallocation of resources aimed at improving client services and product quality. The first stage enabled the firm to maximize funding to Research & Development. Increased staffing of the R & D Department will accelerate delivery of product enhancements to clients and will allow the EOS development staff to integrate emerging technologies into the current software products.

EOS International is a global library information management software and service company and Microsoft Certified Solution Provider serving over 5,000 client libraries of every size worldwide. EOS library products and services include the Q Series (nominated for a Computerworld Smithsonian Award) - a full-featured, client/server library information management and access system, and GLAS - a Windows-based library management system for small to mid-sized libraries.

Founded in 1981, EOS International serves over 5,000 clients in 85 countries, in all types of libraries. EOS International headquarters is located in Carlsbad, California, USA with regional offices in London, Paris, and Singapore in addition to other offices and support centers worldwide.

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Publication Year:2001
Type of Material:Press Release
Language English
Issue:June 10, 2001
Publisher:EOS International
Place of Publication:Carlsbad, CA
Company: EOS International
Subject: Mergers and acquisitions
Online access:http://www.eosintl.com/htdocs/rel_own.html
Record Number:9230
Last Update:2012-12-29 14:06:47
Date Created:0000-00-00 00:00:00