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TheStreet Open House

ProQuest Signs Definitive Agreement To Acquire EBL

ANN ARBOR, Mich., Jan. 22, 2013 /PRNewswire/ --  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.

(Logo: http://photos.prnewswire.com/prnh/20120620/DE27948LOGO-a )

"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-Linearâ„¢ 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 ( www.eblib.com)



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