“This is a game-changer for global research,” said Marty Kahn, ProQuest CEO. “While a natural next step has been to enhance e-book discovery for ProQuest platform users, there’s also far greater potential here. We’re primed for imaginative technology mash-ups that will energize users and accelerate the knowledge industry. The creative minds and deft technologists of ebrary are a welcome and fitting addition to our future-oriented business.”
Founded in Palo Alto in 1999, ebrary is a fast growing leader in the rapidly evolving e-book industry, having increased its 2010 revenue by more than 30 percent over the previous year.
ProQuest plans continued investment in ebrary’s popular products and services for the academic, corporate, and public library markets including Academic Complete™ the company’s flagship product. ProQuest will also expand ebrary’s selection of research tools and ability to support new e-book devices as well as broadening language coverage from its current support of major European languages to include Chinese, Arabic and others. Further, the company will accelerate the indexing of e-book content on its own platform where books offered by ebrary will be searchable along with ProQuest’s research content.
ebrary founders Christopher Warnock and Kevin Sayar will remain to lead the business in its Palo Alto headquarters.
“ebrary is extremely excited to become a part of ProQuest,” said Christopher Warnock, CEO of ebrary. “There is tremendous synergy between our products and services as well as our teams. Together, we know that we can provide best-of-kind services to libraries worldwide and the users they serve.”
“This is the next chapter for ebrary,” said Kevin Sayar, ebrary President. “We are happy to be part of an organization with a broad range of strengths and we’re looking forward to collaborating in ways that will inspire entirely new information solutions and captivate new users.”
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