|Weekly News Digest
August 7, 2006 — 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 ITI’s Twitter account: @ITINewsBreaks.
CLICK HERE to view more Weekly News Digest items.
Private Equity Fund to Acquire Ex Libris
Library automation vendor Ex Libris Group (http://www.exlibrisgroup.com) announced that it has agreed to be acquired by Francisco Partners (http://www.franciscopartners.com), a technology-focused private equity fund. The acquisition will enable Ex Libris to continue expanding its geographical reach and explore acquisition opportunities for complementary products in the library automation and e-resource markets. The transaction, which is subject to regulatory and third-party approvals, is expected to close by September 2006.
Ex Libris has a large global presence in the library market, serving a diverse installed base of 2,500 customers in 62 countries. Ex Libris solutions include the ALEPH 500 integrated library solution; MetaLib, the information portal for library collections; the SFX context-sensitive linking solution for heterogeneous electronic resources in the scholarly information environment; DigiTool, a solution for the construction of digital collections; and Verde, the electronic resource management (ERM) system. The Primo next-generation, user-centric discovery and delivery solution was launched in June 2006.
Francisco Partners has approximately $5 billion of capital under management. The firm was founded "to pursue structured investments in technology companies at strategic, technological, and operational inflection points."Source: Ex Libris Group
HarperCollins Publishers Launches Browse Inside
HarperCollins Publishers (http://www.harpercollins.com) announced a series of digital initiatives, including the beta launch of Browse Inside, a new application that allows consumers to sample pages of HarperCollins titles online. Anchored by a redesign of its Web site, HarperCollins' digital initiatives also include a consumer-driven home page, featuring a daily snapshot of the most highly viewed, Today's Most Popular Pages, as well as revamped author and title pages. A broad range of digital media content will also be introduced.
Visitors to any HarperCollins Web site may click a Browse Inside button for titles where the feature is currently available. Consumers will be able to browse starting at the cover and continue to sample the book by paging forward or navigating through the table of contents. Any visitor to http://www.harpercollins.com will have access to Browse Inside. Ultimately, consumers who register with HarperCollins as members will gain expanded access to the book and exclusive value added content.
A selection of authors is currently available with plans to roll out the program on a larger scale, extending the application to all books globally over the next year. As the program expands, consumers will be able to access the Browse Inside page views directly from authors' sites, HarperCollins newsletters, or booksellers' retail Web sites.Source: HarperCollins Publishers
Getty Images Announces “Rights-Ready” Licensing Model
Getty Images, Inc. announced the upcoming launch of rights-ready licensing, which enables customers in the creative, corporate, and publishing arenas to obtain high quality still imagery through a simplified pricing and usage structure. It will be available in late August exclusively at http://www.gettyimages.com. The new model complements the company's existing rights-managed, royalty-free, and subscription models and the micropayment model of its subsidiary, iStockphoto.
Under the rights-ready model, duration and territory rights are unlimited and use parameters are broadly defined, so customers can avoid relicensing for creative campaigns that have the potential to evolve over time. Further streamlining the process, eight fixed price points are designated according to basic commercial, internal company, and editorial use categories at levels comparable to corresponding rights-managed single use categories. While the model does not grant image exclusivity, a total image buyout can be negotiated.
The rights-ready image collection, aka Riser, will feature approximately 80,000 high-quality images at launch, with concepts spanning lifestyle, business, travel, sport, and wildlife content categories. To ensure the collection stays relevant to customer needs, Getty Images will continue to expand the Riser collection, adding hundreds of new images each month.Source: Getty Images, Inc.
Send correspondence concerning the Weekly News Digest to NewsBreaks Editor