Business News
Leeds Equity Partners Acquires Ex Libris Group
Wednesday 06. August 2008 - The largest private equity fund focused exclusively on the knowledge industry identifies Ex Libris as an excellent investment
Ex Libris Group, a leading provider of library automation solutions and developer of the only comprehensive product suite for the discovery, management, and delivery of all material types, announced today that Leeds Equity Partners, the largest fund focused exclusively on investing in knowledge industry companies, has completed the acquisition of the Ex Libris Group.
“We have been following with great interest the evolution of Ex Libris and its continued success in performance and have identified it as a leader in the library industry and an excellent investment,” explains Robert Bernstein, co-founder of Leeds Equity Partners. “Ex Libris is headed by a strong executive management team guided by a solid short- and long-term product strategy. We have full confidence that, led by this team, Ex Libris will maintain its position as the leading provider of automation solutions to academic, research, and national libraries around the world. Leeds Equity Partners looks forward to accompanying Ex Libris Group in the continued development of the Company and its exceptional suite of solutions.”
“Ex Libris is pleased to become a Leeds Equity portfolio company,” comments Matti Shem Tov, Ex Libris Group president and CEO. “The financial and industry strength that Leeds brings to the company will be invaluable in our continued growthtechnological and global. Whereas the Ex Libris corporate structure will remain unaltered, this change in ownership will provide Ex Libris with additional resources for accelerating our current and future product strategies and our plans for international expansion.”