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ProQuest Acquires Serials Solutions
Acquisition of E-Journal Management/Linking Leader Gives ProQuest
Superior Linking Capabilities to Enable Seamless Searching for Users
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Ann Arbor, Mich., July 9, 2004 - ProQuest Information and Learning
has acquired Seattle-based Serials Solutions Inc, a leading provider of
e-journal management and linking services. ProQuest Information and Learning
creates and publishes databases for libraries and educational institutions
worldwide. Serials Solutions' products and services — Article Linker, Journal Linker, an advanced A-Z title list service and MARC records delivery — provide e-journal management and access solutions for academic, public, government, and corporate libraries around the world. The company has products installed in 1,300 libraries worldwide. “The addition of linking and e-journal management services to our repertoire will have a tremendous positive impact on our customers,” said Ron Klausner, president, ProQuest Information and Learning. “We will now provide our customers with the most accurate, complete and current information about their e-journal holdings, and the means to easily link to full-text content using the OpenURL standard. The combination of ProQuest databases with the library-specific applications of Serials Solutions will create a richer experience for the end user.” He adds, “Serials Solutions is known for its innovation, superior service, and accuracy. We are committed to supporting the Serials Solutions business as it continues to develop those qualities, as well as maintaining a role as a trusted intermediary between libraries and content providers. We intend to maintain operations in Seattle where Serials Solutions' centre of expertise exists, to ensure continuity in service.” Steve McCracken, vice president of Serials Solutions, said, “This union is a great fit for both organizations. We are pleased to join the ProQuest family. Libraries are increasingly looking to content providers to enable seamless searching. Becoming part of ProQuest enables us to accelerate our development of new and useful solutions that address this need for libraries.” More information about the Serials Solutions product line is available at www.serialssolutions.com. Media enquiries should be directed to either Tina Creguer pr@il.proquest.com or Gina Ghensi gina.ghensi@proquest.co.uk About ProQuest More than a content provider or aggregator, ProQuest is an information partner, creating indispensable research solutions that connect people and information. Through innovative, user-centered discovery technology, ProQuest offers billions of pages of global content that includes historical newspapers, dissertations, and uniquely relevant resources for researchers of any age and sophistication—including content not likely to be digitized by others. Inspired by its customers and their end users, ProQuest is working toward a future that blends information accessibility with community to further enhance learning and encourage lifelong enrichment. For more information, visit www.proquest.com or the ProQuest parent company website, www.cambridgeinformationgroup.com. Forward-looking Statements Some of the statements contained herein constitute forward-looking statements. These statements relate to future events or our future financial performance and involve known and unknown risks, uncertainties and other factors that may cause our or our markets' actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements. These risks and other factors you should specifically consider include, among other things, the company's ability to successfully integrate acquisitions and reduce costs, global economic conditions, product demand, financial market performance, and other risks listed under “Risk Factors” in our regular filings with the Securities and Exchange Commission. In some cases, you can identify forward-looking statements by terminology such as “may,” “should,” “expects,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” “potential,” “continue,” “projects,” “intends,” “prospects,” “priorities,” or the negative of such terms or other comparable terminology. These statements are only predictions. Actual events or results may differ materially. |