VISTA International, a provider of software systems and support services for the publishing industry, and Ingenta, a provider that connects the publishing and information industries, have announced they will merge to create Publishing Technology plc. By combining VISTA's author2reader systems, which cover the complete print publishing supply chain, and Ingenta's online publishing and internet knowledge, Publishing Technology plc unites print and online publishing services to provide a solution for publishers. Ingenta and VISTA's existing business brands, such as VISTA, IngentaConnect, author2reader, Heron, and PCG will be retained. Publishing Technology plc will employ approximately 180 people across North America and Europe.
The boards of Ingenta and VISTA, with the support of the VISTA shareholders, have entered into an agreement that is expected to complete this month, subject only to Ingenta shareholder approval. Under the terms of the definitive agreement, the companies will start operating as a combined unit, and on completion Ingenta will be issuing shares and loan stock, and the current VISTA shareholders will hold approximately 60% of the shares in Publishing Technology plc. Blue-chip institutional shareholders in the new company include Cazenove, Deutsche Bank, and Invesco.