Press Release: ProQuest [January 22, 2013]

ProQuest signs definitive agreement to acquire EBL

Copyright (c) 2013 ProQuest

SummaryProQuest has signed a definitive agreement to acquire Ebook Library, which will significantly expand its e-book delivery and aggregation capabilities with libraries worldwide. The acquisition will further ProQuest’s goal of enhancing the research experience, enabling users to seamlessly discover content across multiple formats including books, journals, dissertations, newspapers, and video. ProQuest acquired e-book pioneer ebrary in January 2011 and plans to combine the strongest features of ebrary and EBL into a single, comprehensive e-book platform once finalized.

January 22, 2013 (ANN ARBOR, Mich.) – ProQuest, an information company central to global research, has signed a definitive agreement to acquire Ebook Library (EBL), which will significantly expand its e-book delivery and aggregation capabilities with libraries worldwide. The acquisition will further ProQuest's goal of enhancing the research experience, enabling users to seamlessly discover content across multiple formats including books, journals, dissertations, newspapers, and video. ProQuest acquired e-book pioneer ebrary in January 2011 and plans to combine the strongest features of ebrary and EBL into a single, comprehensive e-book platform once finalized.

"EBL's first-rate user experience, innovative business models, and acquisition tools are very complementary to ebrary," said Kurt Sanford, ProQuest CEO. "These features will be combined with ebrary's unmatched content selection, award-wining subscription service, and cutting edge, patent-protected core platform technology. The result will be an unparalleled e-book research platform that is connected to all of ProQuest's products and services."

Founded in 2004 by Ebooks Corporation, EBL pioneered a wide range of new services in the library market, including the patented Non-Linear Lending (NLL) model, demand-driven acquisitions, short-term loans, and chapter-level purchases for reserve circulation and coursepacks. EBL offers more than 300,000 e-books from more than 500 publishers to libraries around the world and counts some of the world's most prestigious academic and research institutions among its customers.

Kari Paulson, EBL's President, will join ProQuest to manage the combined e-book business unit and lead the effort to merge EBL and ebrary into one optimized platform. "From the beginning, EBL's vision has been to advance research and knowledge through technology," said Ms. Paulson. "I look forward to joining ProQuest and to have the opportunity to be part of an organization with the very same goal."

Kari will report to Kevin Sayar, Senior Vice President, ProQuest Workflow Solutions, who said, "I have long respected what Kari has accomplished at EBL and I'm looking forward to working with her to push the boundaries of how e-books are provided to libraries and used by patrons."

About Ebook Library

Ebook Library (EBL) (www.eblib.com) is a leading global ebook aggregator, serving academic, corporate and research libraries worldwide. With an impressive catalog of ebook titles from premier international academic publishers, EBL is renowned as a pioneer of flexible, innovative access models such as Patron-driven Acquisition and the esteemed Non-Linear Lending model. EBL is a division of Ebooks Corporation Limited, an Australian public company founded in 1997, with additional distribution channels that include ebook retail site ebooks.com(www.ebooks.com) and Ebook Services for publishers (www.ebookservices.com).

About ProQuest

ProQuest (www.proquest.com) connects people with vetted, reliable information. Key to serious research, the company has forged a 70-year reputation as a gateway to the world's knowledge — from dissertations to governmental and cultural archives to news, in all its forms. Its role is essential to libraries and other organizations whose missions depend on the delivery of complete, trustworthy information.

ProQuest's massive information pool is made accessible in research environments that accelerate productivity, empowering users to discover, create, and share knowledge.

An energetic, fast-growing organization, ProQuest includes the ProQuest, Bowker, Dialog, ebrary, and Serials Solutions businesses and notable research tools such as the RefWorks, and Pivot services, as well as its Summon web-scale discovery service. The company is headquartered in Ann Arbor, Michigan, with offices around the world.

Publication Year:2013
Type of Material:Press Release
LanguageEnglish
Issue:January 22, 2013
Publisher:ProQuest
Company: Proquest
Subject: Mergers and acquisitions
Permalink: http://www.librarytechnology.org/ltg-displaytext.pl?RC=17596
Record Number:17596
Last Update:2014-01-08 12:41:23
Date Created:2013-01-22 14:40:56