ProQuest today announced that the U.S. Federal Trade Commission has closed its review of Ex Libris’ acquisition of Innovative. Innovative is now part of the ProQuest corporate family. Operationally, Innovative will run independently as a ProQuest entity and peer company to Ex Libris.
“Over the past year, we have worked in close and transparent collaboration with Innovative customers, both public and academic, and communicated and delivered on our roadmaps, across Sierra, Polaris Leap, Vega, and Mobile,” said Matti Shem Tov, CEO of ProQuest. “We look forward to combining our strengths, accelerating innovation, and developing solutions for libraries to enhance their connections with patrons in these challenging times. Our ongoing commitment to our customers, user groups, and to the betterment of libraries is unwavering.”
Innovative General Manager Yariv Kursh will continue to lead the team, and all Innovative products will continue to be developed, sold, and supported for both the academic and public markets with no changes to product availability or pricing. Innovative customers will continue to engage with the Innovative sales, support, and product management teams as they always have. Ex Libris will remain focused on executing its vision for academic institutions.
“This is an exciting time for Innovative,” said Yariv Kursh, General Manager of Innovative. “We look forward to the opportunity to provide continuity to our customers and employees, and to work in partnership with the teams at ProQuest and Ex Libris for the benefit of libraries worldwide.”
“Working more closely with Innovative will open opportunities for further innovation to benefit our academic customers,” said Bar Veinstein, President of Ex Libris. “The companies look forward to collaborating more closely.”