from the November 2015 issue

ProQuest to buy Israeli co Ex Libris for $500m.

Ex Libris' current owner, Golden Gate Capital, bought the software solution company for $250m in 2012.

US information solutions company ProQuest is in the process of acquiring the Ex Libris Group, an Israeli software company owned by Golden Gate Capital. Market insiders place the value of the deal, which will be concluded in the coming months, at some $500 million.

The two companies believe their complementary capabilities in print, electronic, and digital content will allow them to improve their existing products and accelerate their innovation efforts to provide better solutions for the central challenges faces by academic libraries - like the shift away from print to content management in a digital age.

Reprinted from the Israel High-Tech & Investment Report November 2015

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