Message-Id: <s5632408.000@LAW.SYR.EDU> Date: Tue, 21 Nov 2006 16:06:13 -0500 From: "Andrea Rabbia" <arrabbia@law.syr.edu> Subject: [lawvoyage] Endeavor will be merged with Ex Libris
In case you haven't heard...
>>> Andrea Rabbia <arrabbia@LAW.SYR.EDU> 11/21/2006 3:41 PM >>>
>>> "Frink, Randy (END-CHI)" <Randy.Frink@endinfosys.com> 11/21/2006
3:10 PM >>>
TODAY'S news:
Press Release - Francisco Partners to Acquire Endeavor Information
Systems from Elsevier
Click here to view the news:
http://www.endinfosys.com/cgi-bin/news/viewer.cgi?ID=134.
In addition, a Frequently Asked Questions document, a letter to
Endeavor
customers and a link to the Ex Libris Website can all be accessed on
SupportWeb.
Thank you.
Randy Frink
Director, Marketing
Endeavor Information Systems, Inc.
Tel: 847-227-4839
Email: randy.frink@endinfosys.com
_____
Francisco Partners to Acquire Endeavor Information Systems from
Elsevier
Endeavor to be merged with Ex Libris, to create global leader in
library
software and services
Menlo Park, London, Chicago, Amsterdam, Jerusalem. November 20,
2006-Francisco Partners, one of the world's largest technology-focused
private equity funds, today announced that it has entered into a
definitive agreement with Elsevier for the acquisition of 100% of the
shares of Endeavor Information Systems, Inc., an Elsevier company.
Endeavor will be merged with Ex Libris, which was acquired by
Francisco
Partners earlier this year. The combined entity will be a leading
force
in the library software and services marketplace and will retain the
Ex
Libris Group name and be headed by Matti Shem Tov, president and chief
executive officer of Ex Libris.
The acquisition of Endeavor will establish the new Ex Libris Group and
its portfolio of library systems and services as the clear choice for
libraries seeking proven solutions that are both forward looking and
cost effective. In the coming years, the company will continue the
development and support of flagship integrated library systems from
both
companies, Ex Libris ALEPH(r) 500 and Endeavor's Voyager(r). New
versions of both systems will be released as planned in 2007. The Ex
Libris and Endeavor management teams will be working closely over the
coming weeks, in consultation with industry leaders and customers, to
complete the roadmap for the combined product portfolio.
Together, the Ex Libris and Endeavor customer communities include nine
of the top ten universities in the world and 39 of the top 50,
according
to Newsweek International Edition ("The Top 100 Global
<http://www.msnbc.msn.com/id/14321230/site/newsweek/> Universities");
25 national libraries; and five of the six largest libraries in the
world.
"Today we are combining two market-leading companies to create the
most
powerful library software portfolio in the industry," said Matti Shem
Tov, Ex Libris Group president and CEO. "Leveraging the extensive
experience and technologies as well as the dedicated, skilled staff of
both companies, we will now be even better equipped to provide our
customers with next-generation library products. We welcome Endeavor's
customers to the Ex Libris community and, with this important
acquisition, look forward to delivering significant value for our
combined customer base."
"The decision to seek a new owner for Endeavor business was made after
we carefully considered the rapid pace of change in the library
software
and services marketplace," said Herman van Campenhout, CEO, Elsevier
Science & Technology. "Based on that review, we concluded that
Endeavor,
its employees, and its customers will greatly benefit from becoming
part
of a company, such as Ex Libris, that is solely focused on leading the
library software market."
Andrew Gray, a principal with Francisco Partners, commented, "Ex
Libris
and Endeavor are natural partners. With joined forces, the Ex Libris
Group will carry on the two companies' longstanding tradition of
collaborating with libraries and industry stakeholders to establish
industry standards and will continue to deliver solutions that best
serve the needs of libraries, information centers, and researchers."
"This is an exciting time for Ex Libris and Endeavor as it represents
the coming together of two strong and visionary organizations," noted
Endeavor CEO Roland Dietz. "With our joint research and development,
we
will be better positioned to bring leading edge solutions to market
more
quickly while continuing to build upon our foundation of high quality
service and partnership with our respective customers."
About Elsevier
Elsevier is a world-leading publisher of scientific, technical and
medical information products and services. Working in partnership with
the global science and health communities, Elsevier's 7,000 employees
in
over 70 offices worldwide publish more than 2,000 journals and 1,900
new
books per year, in addition to offering a suite of innovative
electronic
products, such as ScienceDirect (http://www.sciencedirect.com/), MD
Consult (http://www.mdconsult.com/), Scopus
(http://www.info.scopus.com/), bibliographic databases, and online
reference works.
Elsevier (http://www.elsevier.com/) is a global business headquartered
in Amsterdam, The Netherlands and has offices worldwide. Elsevier is
part of Reed Elsevier Group plc (http://www.reedelsevier.com/), a
world-leading publisher and information provider. Operating in the
science and medical, legal, education and business-to-business
sectors,
Reed Elsevier provides high-quality and flexible information solutions
to users, with increasing emphasis on the Internet as a means of
delivery. Reed Elsevier's ticker symbols are REN (Euronext Amsterdam),
REL (London Stock Exchange), RUK and ENL (New York Stock Exchange).
About Francisco Partners
With approximately $5 billion of capital under management, Francisco
Partners (FP) is one of the world's largest technology-focused private
equity funds. The firm was founded to pursue structured investments in
technology companies at strategic, technological, and operational
inflection points. FP pursues investment opportunities where domain
knowledge, strategic insight, and long-term focus generate a
differentiated view of investment value and drive superior investment
returns. FP makes majority and minority investments in private
companies, public companies, and divisions of public companies. The
principals of Francisco Partners have a proven track record, having
invested in excess of $3 billion of equity capital in over 50
technology
companies. For additional information on Francisco Partners, see
http://www.franciscopartners.com.
About Ex Libris
Ex Libris is a leading worldwide developer and provider of
high-performance applications for libraries, information centers, and
researchers, with installations in 64 countries. ALEPH(r) 500, the Ex
Libris integrated library solution, is in use at over 1700 sites
worldwide. Other products from the Ex Libris suite, deployed at over
1000 sites, focus on the digital library and offer state-of-the-art,
user-centric solutions for managing, and providing informed access to,
electronic resources and digital assets.
For additional information on Ex Libris, see
http://www.exlibrisgroup.com.
About Endeavor Information Systems
Since 1994, Endeavor Information Systems Inc. has pioneered the
development of advanced library management software systems. In use at
more than 1600 institutions worldwide, Endeavor's full suite of
products
offer superior functionality coupled with intuitive interfaces that
increase usability and efficiency.
For additional information on Endeavor Information Systems, see
http://www.endinfosys.com.
Media Contacts
Endeavor Information Systems: Randy Frink
+1.847.227.4839
randy.frink@endinfosys.com
<randy.frink@endinfosys.com">http://www.endinfosys.com/cgi-bin/news/randy.frink@endinfosys.com>
Ex Libris Group: Nancy Dushkin
+1.617.202.2801
Nancy.dushkin@exlibrisgroup.com
<Nancy.dushkin@exlibrisgroup.com">http://www.endinfosys.com/cgi-bin/news/Nancy.dushkin@exlibrisgroup.com>