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ProQuest to Acquire Ex Libris Group
Information Today - Medford
Subjects: United States; Publishing industry; Acquisitions & mergers
Author: Ojala, Marydee
Date: Nov 2015
Start Page: 1
Pages: 3
Abstract (Document Summary)

In a move that caught most of the library world by surprise, on Oct 6, 2015, ProQuest announced its intention to acquire the Israel-based Ex Libris Group from the private equity company Golden Gate Capital. The acquisition should close in a few months, when the requisite reviews and sign-offs are completed. ProQuest will then form a separate business unit named Ex Libris, a ProQuest Co. Until the deal closes, the companies will continue to operate independently. Matti Shem-Tov, currently Ex Libris Group's president and CEO, will head the new unit and report to ProQuest CEO Kurt Sanford. Obvious synchronicities exist between Ex Libris Group's products and those of Seattle-based ProQuest Workflow Solutions. Thus, the new business unit will be supported by both entities. The exact arrangement between Ex Libris Group and Workflow Solutions will take shape in the future, but it would not be surprising to see them align to concentrate on library back-office operations while other ProQuest units focus on content.

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