ProQuest buys competitor Ex Libris for $ 500 million

by bold-lichterman

ProQuest, an American company that publishes information sharing and management tools for libraries, has just bought Ex Libris, a company specializing in library automation solutions. The latter, for example, develops SaaS solutions for managing digital and paper collections. It claims 5,600 customers in 90 countries. The amount of the transaction has not been officially communicated but the daily Haaretz mentions an amount of $ 500 million.

In France, ProQuest is notably known for having signed partnership with the National Library of France, which concerns the digitization of 70,000 works dating from 1470 to 1701. The company was also in charge of “developing the consultation interface for researchers”.

“A shining example of the expertise [d’Ex Libris] is the success of Alma, the unified resource management solution that is helping hundreds of institutions around the world improve the value of their libraries to patrons, ”said Kurt Sanford, ProQuest.

“The merger of our companies will allow us to create even more opportunities and offer more choices to libraries, especially our current clients,” said Oren Beit-Arie, strategic director of Ex Libris.

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