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Weekly News Digest

March 3, 2022 — 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.

CLICK HERE to view more Weekly News Digest items.

'ProQuest Merges Into Clarivate: An Update on Business Integration' by Marshall Breeding

Marshall Breeding writes the following in his Library Technology Newsletter:

The acquisition of ProQuest by Clarivate rattled the library industry, in a bold move that further deepens consolidation. … By acquiring ProQuest, Clarivate extends its product strategy to include core library technologies as well as a major portfolio of database and content products. This acquisition moves ProQuest into the ranks of publicly traded companies (NYSE:CLVT). …

It’s important to keep in mind that Clarivate made a substantial investment to acquire ProQuest and has a strong interest in its continued success. … At this early point in the merger, it would be unrealistic to expect organizational and business plans to be fully formed. An optimistic view would anticipate that the strategies, including an emphasis on technology development and community engagement, that have been an important ingredient in the success of Ex Libris and ProQuest, will percolate into Clarivate as it integrates the ProQuest businesses. A less optimistic outcome would take the form of painful reductions that detract from development and support efforts. As the business integration proceeds and the operations of the new organization take shape, time will tell whether optimistic or pessimistic scenarios prevail.

For more information, read the article.

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

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