(30 May 2014, Stanford, CA) HighWire Press, a technology service provider to influential scholarly publishers and an auxiliary unit of Stanford University Libraries, announced today it has received a significant equity investment to support its strategic growth from Accel-KKR, a leading technology-focused private equity firm. The new partnership enables HighWire to further its strategic initiatives and digital innovations in internet-based publishing.
The investment from Accel-KKR will enable the business, HighWire Press, Incorporated, to operate as a stand-alone enterprise. Accel-KKR will own a majority interest of the company and Stanford University will maintain a significant minority stake. Michael A. Keller, University Librarian at Stanford, will serve as the Stanford representative on the HighWire Press, Inc. board of directors.
Read the detailed announcement here.