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OCLC purchase of netLibrary assets approved

Press Release: OCLC [January 11, 2002]

Copyright (c) 2002 OCLC

Abstract: Subject to a 10-day appeal period, final closing on the sale of netLibrary assets to OCLC Online Computer Library Center has been set for later this month, based upon approval granted today by the U.S. Bankruptcy Court for the District of Colorado. The sale includes both the eBook Division and the MetaText eTextbook Division of netLibrary.


DUBLIN, Ohio, January 11, 2002—Subject to a 10-day appeal period, final closing on the sale of netLibrary assets to OCLC Online Computer Library Center has been set for later this month, based upon approval granted today by the U.S. Bankruptcy Court for the District of Colorado. The sale includes both the eBook Division and the MetaText eTextbook Division of netLibrary.

"OCLC has received very strong support and encouragement from libraries, publishers and distribution partners since the announcement of our intent to purchase netLibrary’s assets," said Jay Jordan, president and CEO, OCLC. "We are excited to be in a position to continue netLibrary’s pioneering efforts. This acquisition will further our goals of providing libraries around the world with economical access to knowledge by continually expanding content and integrated services."

"We are pleased to join the OCLC cooperative and to be able to add eBooks to the impressive lists of products and services already available through OCLC," said Rob Kaufman, president and CEO of netLibrary. "eBooks have proven their value in libraries around the globe, and we look forward to working with the entire OCLC team to continue to expand their role in supporting the research, reference and learning programs delivered through the world’s universities and libraries."

netLibrary’s eBook operation will become a division of OCLC and will continue to operate in Boulder, Colorado, serving libraries and their users. The digital textbook group will become a for-profit subsidiary of OCLC and will also continue to operate in Boulder.

netLibrary develops and markets eBooks and MetaText digital textbooks. eBooks are full-text electronic versions of published books that library patrons can search, borrow, read and return via the Internet. With netLibrary eBooks, users can access library resources anywhere, anytime, and perform full-text searches across hundreds of books or within a specific book to speed research and reference projects. eBooks can be viewed online from any location using an Internet browser. netLibrary’s catalog now contains approximately 40,000 titles covering a wide range of subject areas such as business, economics, technology, the social sciences and more.

netLibrary also markets MetaText digital textbooks, interactive, web-based textbooks with enhanced teaching, collaborating and learning tools for teachers and students. MetaText works with the leading textbook publishers to transform print textbooks into course-centric digital textbook learning environments. The MetaText catalog of digital textbooks, which includes more than 160 titles, covers topical areas ranging from Anthropology to Zoology.

netLibrary is the leading provider of eBooks and Internet-based content management services for the institutional library market. netLibrary develops, hosts, maintains and preserves eBook collections for academic, corporate, public, and school libraries. Thousands of libraries throughout the United States and internationally are currently providing netLibrary eBooks to their patrons. The MetaText Division of netLibrary creates, hosts and manages web-based digital textbooks for leading textbook publishers. MetaText digital textbooks provide instructors and students with a full range of interactive teaching, collaborating and learning tools.

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Publication Year:2002
Type of Material:Press Release
Language English
Issue:January 11, 2002
Publisher:OCLC
Place of Publication:Dublin, OH
Company: OCLC
netLibrary
Subject: e-books
Record Number:9497
Last Update:2012-12-29 14:06:47
Date Created:0000-00-00 00:00:00