ProQuest Says FTC is Reviewing Acquisition of Innovative

From a by ProQuest CEO Matti Shem Tov:

As is typical with many merger and acquisition transactions in the United States, the U.S. Federal Trade Commission (FTC) routinely evaluates the potential impact on competition and customers, and we received a formal notification of a review of the acquisition of Innovative. We remain confident that the acquisition will positively impact the industry and increase choice for libraries worldwide. We are working with the relevant parties and hope to be through this process soon.

As we communicated at the time, our goal is to combine Innovative’s expertise with Ex Libris’ leading cloud technologies to develop cloud-based SaaS solutions. With Innovative’s experience in resource sharing and metadata services we will accelerate the development of solutions that help customers thrive in today’s changing library environment. Ultimately this will enable us to offer real choice for the first time to academic, public, and special libraries for both resource sharing and metadata services.

As we communicated at the time, our goal is to combine Innovative’s expertise with Ex Libris’ leading cloud technologies to develop cloud-based SaaS solutions. With Innovative’s experience in resource sharing and metadata services we will accelerate the development of solutions that help customers thrive in today’s changing library environment. Ultimately this will enable us to offer real choice for the first time to academic, public, and special libraries for both resource sharing and metadata services.

As we move forward, we reiterate our commitment that there will be no disruption to your library operations. Innovative continues to operate independently and its customers should continue to engage with the Innovative team as you always have

Read the Complete Blog Post by Matti Shem Tov

Direct to ProQuest/FTC Review FAQ

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