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Weekly News Digest

June 3, 2014 — In addition to this week's NewsBreaks article and the monthly NewsLink Spotlight, Information Today, Inc. (ITI) offers Weekly News Digests that feature recent product news and company announcements. Watch for additional coverage to appear in the next print issue of Information Today. For other up-to-the-minute news, check out ITIís Twitter account: @ITINewsBreaks.

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Equity Investment Boosts HighWire Press Initiatives

HighWire Press, an auxiliary unit of Stanford University Libraries, received an equity investment from Accel-KKR that will support its strategic growth initiatives and its digital innovations for internet-based publishing.

HighWire Press’ business will now be able to operate as a stand-alone enterprise, with Accel-KKR taking a majority stake in the company and Stanford University maintaining a minority stake. Michael A. Keller, HighWire Press’ publisher, will represent Stanford on the HighWire Press board of directors, and HighWire Press’ managing director Thomas J. Rump will become HighWire Press’ CEO.

“By partnering with Accel-KKR, HighWire will have the opportunity to leverage new resources to achieve an even greater impact on the delivery of scholarly information and thus on the rate of discovery of knowledge,” says Keller. “In order to continue to expand our rapid response to new technologies, innovative developments and the growing needs of our customers, an influx of new capital was necessary.”

Source: HighWire Press

Send correspondence concerning the Weekly News Digest to NewsBreaks Editor Brandi Scardilli

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