ProQuest signs definitive agreement to acquire EBL

(Ann Arbour, Mich., 22 January 2013)  ProQuest has signed a definitive agreement to acquire Ebook Library (EBL), which will significantly expand its eBook delivery and aggregation capabilities with libraries worldwide. The acquisition will further ProQuest’s goal of enhancing the research experience, enabling users to seamlessly discover content across multiple formats including books, journals, dissertations, newspapers, and video. ProQuest acquired eBook pioneer ebrary in January 2011 and plans to combine the strongest features of ebrary and EBL into a single, comprehensive e-book platform once finalized.

“EBL’s first-rate user experience, innovative business models, and acquisition tools are very complementary to ebrary,” said Kurt Sanford, ProQuest CEO. “These features will be combined with ebrary’s unmatched content selection, award-winning subscription service, and cutting edge, patent-protected core platform technology. The result will be an unparalleled eBook research platform that is connected to all of ProQuest’s products and services.”

Founded in 2004 by Ebooks Corporation, EBL pioneered a wide range of new services in the library market, including the patented Non-Linear™ Lending (NLL) model, demand-driven acquisitions, short-term loans, and chapter-level purchases for reserve circulation and coursepacks. EBL offers more than 300,000 eBooks from more than 500 publishers to libraries around the world and counts some of the world’s most prestigious academic and research institutions among its customers.  More here www.eblib.com.