Francisco Partner, a technology-focused private equity funds and owner of Ex Libris, a global developer and provider of applications for libraries and information centers, have announced that it has successfully completed its acquisition of Endeavor Information Systems, Inc., an Elsevier company. The acquisition, originally announced on November 21, 2006, under a share purchase agreement, combines Endeavor with Ex Libris. Earlier this year, Ex Libris was acquired by Francisco Partners.
As a result, the combined entity will operate as the Ex Libris Group with its technologies deployed at more than 4,000 customer institutions around the world. The acquisition is intended to enable Ex Libris Group to invest substantial resources in product development, focusing on existing solutions as well as future offerings, with the objective of strengthening the company's position in the global library software industry.
The process of integration is already under way. The combined Ex Libris and Endeavor management teams have developed a product roadmap, the foundation of which is the decision to support two integrated library systems--ALEPH® 500 from Ex Libris and Voyager from Endeavor. New versions of these two flagship systems are scheduled for release in 2007.
The company will operate from offices in the United States (Chicago and Boston), the United Kingdom (London), Germany (Hamburg), France (Paris), Israel (Jerusalem), Korea (Seoul), China (Beijing), and Australia (Adelaide).