Copyright (c) 2011 Lucidea
|Summary||SydneyPLUS and Inmagic, Inc. announced the acquisition of Inmagic’s special library business by SydneyPLUS. The Inmagic special library business includes Inmagic’s DB/Text Library Suite of products: DB/TextWorks, DB/Text WebPublisher Pro, and Inmagic Genie. Additionally, the companies are announcing a strategic partnership to co-market and support Inmagic’s Presto for Social Libraries.|
VANCOUVER, Canada and WOBURN, Mass.--(BUSINESS WIRE)--SydneyPLUS and Inmagic, Inc. today announced the acquisition of Inmagic's special library business by SydneyPLUS. The Inmagic special library business includes Inmagic's DB/Text Library Suite of products: DB/TextWorks, DB/Text WebPublisher Pro, and Inmagic Genie. Additionally, the companies are announcing a strategic partnership to co-market and support Inmagic's Presto for Social Libraries.
"I'm looking forward to expanding the development team under the SydneyPLUS umbrella and delivering exciting new capabilities to our customers"
As part of this transaction, SydneyPLUS also acquired the Inmagic trademark, which is strongly associated with the special library market. Inmagic, Inc. retains and will continue to market and sell its award-winning Presto technology and its products, Presto KnowledgeNet, Presto AssociatioNet, and Presto IdeaNet. Inmagic, Inc. will continue to use the Inmagic name until such time as a new company name is established.
Inmagic's special library products will join the SydneyPLUS family. The addition of Inmagic's special library business to SydneyPLUS will extend SydneyPLUS' leadership position in knowledge management and library automation software markets. Phillip Green, former Inmagic, Inc. CTO, will join SydneyPLUS and lead the new division. He will be joined by Inmagic's co-founder Karen Brothers and other core members of Inmagic's special library team of sales, customer support, and engineering staff to form the new SydneyPLUS Inmagic division.
"We are thrilled about joining the SydneyPLUS family," said Phillip Green. "We share a commitment to long-term healthy and productive relationships with customers. We look forward to exploiting the synergies of our combined organizations to accelerate development, enhance customer service, and continue delivering world-class products to our global customer base."
SydneyPLUS is well known for helping Fortune 1000 companies, top law firms, and industry leaders to collect, manage, and exchange knowledge more effectively. Inmagic, a pioneer in information management solutions, is known for its large customer base in special libraries, government agencies, commercial organizations, associations, and other non-profits.
"We at SydneyPLUS welcome everyone in the DB/Text and Genie communities to the SydneyPLUS family. Having our combined customer bases under one roof has been a long-time goal of mine," stated Ron Aspe, President of SydneyPLUS. "Inmagic and SydneyPLUS have long served similar markets, and I believe the combined expertise of both our companies will yield compelling solutions that will bring opportunity, innovation, and more choice to all."
The new Inmagic will continue to protect and reward its customers' investment in Inmagic products by adding new features and capabilities, as well as new applications. SydneyPLUS and its new Inmagic division remain dedicated to maintaining and increasing the qualities that their customers have come to expect—technical innovation, exceptional service, ease of use, outstanding reliability, and a lifelong reputation for integrity.
"I'm looking forward to expanding the development team under the SydneyPLUS umbrella and delivering exciting new capabilities to our customers," said Karen Brothers, Inmagic co-founder and Lead Developer.
Inmagic's Presto for Social Libraries, which the companies will co-market and support under a strategic partnership, is an integration of Inmagic Genie, an integrated library system, with Inmagic Inc.'s Presto. Presto for Social Libraries is a Social Knowledge Network (SKN) application that integrates library workflow with knowledge-based content and the "wisdom of the community" to create a "Library 2.0" environment to support the research and business objectives of organizations.
"This is an extremely positive outcome for Inmagic's large base of library customers and business partners around the world," said Ron Matros, CEO of Inmagic, Inc. "SydneyPLUS has a long and successful history in the special library and knowledge management market and is a great home for Inmagic's library solutions business."
Both SydneyPLUS and Inmagic, Inc. are private companies. Specific terms of this agreement are not being disclosed.
|Type of Material:||Press Release|
|Issue:||October 25, 2011|
Mergers and acquisitions|
|Last Update:||2013-06-10 13:27:32|
|Date Created:||2011-10-25 12:26:37|