Who owns innovative interfaces

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Document type :. All fields required. First Name should not be empty!!! Last Name should not be empty!!! Comment should not be empty!!! Please refresh and try again! Non - Subscribers. Added To Cart. Neal Wyatt , Jul 17, The Other Woman by Daniel Silva leads holds this week. Until that time, the two companies will continue to operate independently. Financial details of the acquisition were not disclosed publicly.

Following the acquisition, Innovative will become a wholly owned business unit of Ex Libris and will report through its president, Bar Veinstein.

Ex Libris has a reliable record with continuing products gained via business acquisitions. Voyager, for example, was acquired by Ex Libris in and has seen ongoing development and support ever since. Major institutions, including the Library of Congress, continue to use Voyager.

The company is active in almost all global regions, though most its revenue comes from US libraries. With a stable of aging products with aging technical architectures, Innovative recently developed a next-generation technology platform, branded as Inspire, to support a suite of new product offerings. The initial component is Inspire Discovery.

Given the nascent state of Inspire and mature and modern platforms already within the Ex Libris portfolio, it will be interesting to observe whether its development will continue under the new ownership arrangement. Headquartered in Emeryville, California, Innovative has a global presence, serving thousands of libraries in 66 countries and offices worldwide.

About Ex Libris Ex Libris, a ProQuest company, is a leading global provider of cloud-based SaaS solutions that enable institutions and their individual users to create, manage, and share knowledge.

In close collaboration with its customers and the broader community, Ex Libris develops creative solutions that increase library productivity, maximize the impact of research activities, enhance teaching and learning, and drive student mobile engagement.

Both acquisitions were conducted in parallel, with each transition closing on a different schedule. The acquisition of VTLS significantly expands Innovative's international reach and brings a number of new technology products under its corporate umbrella. VTLS had been the longest standing company remaining under the ownership and management of its founder in the library technology industry. Innovative Interfaces acquires Polaris Library Systems.

In a move that further consolidates the library automation industry, Innovative Interfaces, Inc. Innovative is one of the largest companies in the industry, with an international presence and customers from all types of libraries.

April In a major shift in strategy reflecting a more collaborative style of its new ownership and management, Innovative interfaces has withdrawn the lawsuit it filed against OCLC in July SkyRiver Technologies, the sister company and lead plaintiff of the suit, has been absorbed into Innovative Interfaces, which will integrate the SkyRiver cataloging service into its product offerings.

A major step for VTLS, this new strategy takes the most successful components in the current arsenal of technologies and products and rebuilds them into a comprehensive platform for the management and access to library resources. Innovative Interfaces Ownership Update. Smart Libraries Newsletter has previously reported on the majority acquisition of Innovative Interfaces, Inc. In the initial transaction, company cofounder Jerry Kline sold the majority of the company, but retained a stake and served as the chairman of a newly constituted Board of Directors.

In a subsequent transaction that closed the end of January , Kline divested his remaining shares to the investment firms. No information is publicly available regarding financial details such as the valuation of the company or the portion of shares retained by Kline following the initial transaction. Kline also has resigned from the company's board of directors, having divested his ownership and concluding his strategic and operational involvement. New Executive Leadership at Innovative Interfaces.

October Innovative Interfaces, Inc. Innovative Interfaces, one of the veteran companies of the library automation industry, has been one of the major holdouts in the wave of private equity investments that has reshaped the library automation industry over the last six years.

The company has remained under the sole ownership of its co-founder Jerry Kline. Following the transaction Kline retains partial equity in the company and will serve as the Chairman of the company's reconstituted Board of Directors and will continue involvement in the leadership of the company.

No changes in the executive management of Innovative or SkyRiver are planned. View all featured content about Innovative Interfaces, Inc. November 6, Farmington Community Library selects Vega Discover. Innovative, a ProQuest company and leading global provider of library software, announced that the Farmington Community Library in Michigan, a Polaris library, has selected Vega Discover as their discovery solution.

October 20, October 5, Vega Community welcomes Nappanee Public Library. Innovative, a ProQuest company and leading global provider of library software, announced today that Nappanee Public Library in Indiana has selected Vega Discover, Innovative's new, modern discovery solution. Innovative announces release of Vega Discover Accessibility Assessment.