Report: Swets Parent Company Also Bankrupt
Here is a report (mechanically translated, via Google) from RTL News from the Netherlands:
The parent holding company of the international subscription caregiver Swets & Zeitlinger is bankrupt. Last week, RTL Nieuws all those company, Swets & Zeitlinger Group, had received deferred payment and a daughter company went bankrupt.
With a turnover of 550 million, Swets is a key link between international publishers and large customers of subscriptions, such as universities and libraries. Funding holding into trouble by margin pressure and over-indebtedness. Last year the vehicle booked a loss of 51 million euros.
See Also: A New Article by Matt Ennis at Library Journal: “Swets Bankruptcy Recalls Fallout from RoweCom”
See Also: Most Recent Announcement From Swets (September 30, 2014)
See Also: Our Post From Last Week With News and Reaction From Publishers
UPDATE 2: Re: Swets Germany (via buchreport.com, Mechanically Translation From Google)
The Cologne Information Services VUB negotiated by its own account exclusively for the purchase of Swets business in Germany. A corresponding exclusivity agreement had been signed. VUB provides in addition to the traditional library business and large businesses, consultants, Prüfungsgesellschaft- or law firms, hospitals, ministries and government agencies with technical information.
About Gary Price
Gary Price (firstname.lastname@example.org) is a librarian, writer, consultant, and frequent conference speaker based in the Washington D.C. metro area. He earned his MLIS degree from Wayne State University in Detroit. Price has won several awards including the SLA Innovations in Technology Award and Alumnus of the Year from the Wayne St. University Library and Information Science Program. From 2006-2009 he was Director of Online Information Services at Ask.com. Gary is also the co-founder of infoDJ an innovation research consultancy supporting corporate product and business model teams with just-in-time fact and insight finding.