Ex Libris signs definitive agreement to acquire Innovative

(5 Dec 2019) Ex Libris, a ProQuest company, is pleased to announce that it has signed an agreement to acquire Innovative, a leading provider of integrated library systems for public, academic, and specialty libraries. Innovative will become a business unit within Ex Libris. The Innovative products that customers have relied on for many years will continue to be supported and enhanced.

“I am excited to welcome Innovative’s experienced team and its customer community to Ex Libris and ProQuest,” said Bar Veinstein, president of Ex Libris. “We are pleased to continue investing in people and technology that support our customers’ initiatives to shape the future of libraries. Customers of both Ex Libris and Innovative will gain from the companies’ proven record of innovation, greater combined resources, and talent with decades of library domain expertise.”

“These are exciting times for Innovative and its customers. As we join the Ex Libris family, we will continue our history of providing advanced solutions and services to our customers that help them thrive in today’s changing library environment,” added Shaheen Javadizadeh, Innovative CEO. “As part of Ex Libris, we will give our customers more value through a complementary portfolio of solutions, an expanded knowledge-sharing community, and broader global reach.”

Ex Libris and Innovative have a long history of close collaboration with the user community and remain dedicated to working with their user groups—IUG, ELUNA, and IGeLU—in order to receive input and guidance for the enhancement of current solutions and the development of new ones. Both companies have a longstanding commitment to openness, and the joint organization will continue to work with partners in the library and academic ecosystem for the benefit of customers.

The acquisition is expected to close in early 2020.

The press release is here.

Read how Roger C. Schonfeld of ITHAKA S+R sees this deal.