Submitted by Marshall Breeding on January 7, 2015 - 11:05am
A new era in the corporate history of SirsiDynix, one of the corporate giants of the library technology industry, has begun. After more than eight years of ownership, Vista Equity Partners has sold SirsiDynix to ICV Partners, with Vista retaining and company executives acquiring minority stakes in the company. While it is too early to assess how new investment owners will shape the direction of the company going forward, it is clear that SirsiDynix remains a major force in the industry with a very large number of libraries relying on its success.
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Submitted by Marshall Breeding on June 2, 2014 - 10:47am
Innovative Interfaces has acquired Blacksburg, VA-based VTLS as part of its strategic expansion strategy. This move follows the acquisition of Polaris announced in April 2014. The acquisitions were conducted in parallel, with different schedules for closing. The acquisition of VTLS significantly expands Innovative’s international reach and brings a number of new technology products under its corporate umbrella. VTLS had been the longest standing company remaining under the ownership and management of its founder in the library technology industry. VTLS and its precursors have been active since 1974, initially through Virginia Polytechnic Institute and State University--better known as Virginia Tech--and since 1985 as an independent company. Read More »
Submitted by Marshall Breeding on April 1, 2014 - 9:35am
In a move that further consolidates the library automation industry, Innovative Interfaces, Inc. has purchased Polaris Library Systems. Innovative, one of the largest companies in the industry, with a presence in many international regions, and with customers from all types of libraries significantly strengthens its presence in the US public library arena by acquiring the company that has performed well in this sector, winning the majority of municipal library procurements in recent years. The acquisition marks further expansion of Innovative since it was sold by co-founder Jerry Kline to private equity investors. Previous expansion included opening international offices in Dublin, Ireland and Noida, India. Read More »
Submitted by Marshall Breeding on November 6, 2013 - 12:40pm
SirsiDynix has acquired EOS International from its co-founder and Chief Executive Officer Scot Cheatham effective November 1, 2013. The transaction was conducted entirely from financial resources within SirsiDynix without additional backing from its private equity owner, Vista Equity Partners. The acquisition of EOS International will expand the presence of SirsiDynix in the small library arena, and will strengthen its overall position in terms of revenue, customers served, and product offerings. SirsiDynix provides a stable and expansive business environment for the ongoing support, development and marketing of EOS International products as its current owner and CEO sells the company. Read More »
Submitted by Marshall Breeding on September 17, 2013 - 8:15am
Editor's note: This post is adapted from an article to be published in the October issue of Marshall Breeding's Smart Libraries Newsletter.
Two Scandinavian companies—Publit a Swedish company involved with e-books and print on demand, and Axiell, which develops software for libraries and archives—have jointly launched Atingo, a company offering e-book lending products and services to libraries. Though in an early pilot phase and not currently available in the United States, the service provides an interesting example of a business and technology model implemented abroad. Atingo initially will focus on publishers and libraries in Sweden, but opportunities in other countries may develop.
Swedish E-book Lending Model Read More »
Submitted by Marshall Breeding on March 5, 2013 - 3:29pm
In a major shift in strategy reflecting a more collaborative style of its new ownership and management, Innovative interfaces has withdrawn the lawsuit it filed against OCLC in July 2010. SkyRiver Technologies, the sister company and lead plaintiff of the suit, has been absorbed into Innovative Interfaces, which will integrate the SkyRiver cataloging service into its product offerings. Read More »
Submitted by Marshall Breeding on November 16, 2012 - 10:03am
Ex Libris will soon change ownership from one private equity firm to another. The company is to be acquired by Golden Gate Capital (http://goldengatecap.com/), a major private equity firm managing funds representing over $12 billion in capital. Golden Gate Capital invests in the software and information technology sector in addition to many other industries.
According to Matti Shem Tov, Chief Executive Officer of Ex Libris, this transition should not be considered a major event for library customers and employees. The new owners will retain the current management, workforce, and operating locations. Yet, with new ownership comes a new Board of Directors that will oversee the company and set its high-level business plan.
Ex Libris Group’s strategic products focus on the academic and research library arena and include Aleph and Voyager integrated library systems, the Primo discovery product and its Central Index, the Rosetta digital preservation platform, the SFX link resolver, the Verde electronic resource management system, the MetaLib federated search, as well as Alma, the company’s newest offering, a library services platform based on the concepts of unified resource management and cloud computing. Read More »
Submitted by Marshall Breeding on August 27, 2012 - 2:17pm
Innovative Interfaces, Inc. has appointed Kim Massana as its new Chief Executive Officer, effective immediately (August 27, 2012). Jerry Kline continues as Chairman and Neil Block as President. Read More »
Submitted by Marshall Breeding on March 1, 2012 - 12:37pm
Innovative Interfaces, one of the veteran companies of the library automation industry, has been one of the major hold-outs in the wave of private equity investments that has reshaped the library automation industry over the last six years. The company has remained under the sole ownership of its co-founder Jerry Kline. That position now changes as a pair of private equity firms, Huntsman Gay Global Capital and JMI Equity have made strategic investments in Innovative Interfaces, Inc. Read More »
Submitted by Marshall Breeding on January 10, 2012 - 8:19am
This article appears in the January 2012 issue of Smart Libraries Newsletter. To read more from Marshall Breeding on mobile library technology and other facets of the library automation industry, you can purchase this issue or subscribe to Smart Libraries Newsletter at our metapress site.
As we enter a new year, I’d like to pause and consider some of the trends and events that I anticipate playing out in 2012. The predictions I made for 2011 largely held (see Smart Libraries Newsletter, February 2011). Given the momentum of developments and the issues currently in play, 2012 may turn out to be a very interesting year in the realm of library technologies. Read More »