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Ebsco Press Release re RoweCom Europe
- To: liblicense-l@lists.yale.edu
- Subject: Ebsco Press Release re RoweCom Europe
- From: Ann Okerson <ann.okerson@yale.edu>
- Date: Fri, 20 Dec 2002 11:45:21 -0500 (EST)
- Reply-To: liblicense-l@lists.yale.edu
- Sender: owner-liblicense-l@lists.yale.edu
EBSCO to Acquire RoweCom European Operations Dear Customer, We are pleased to confirm the agreement between Ebsco Industries, Inc. and divine, inc. for EBSCO to acquire the European Operations of RoweCom. This agreement includes RoweCom France, U.K., and Spain. Please see the enclosed press release. Under French law, this transaction requires regulatory approval. This process is expected to take approximately 4 to 6 weeks. EBSCO will be working closely with divine during the transition period to insure continuing operations of RoweCom Europe. The integration of RoweCom Europe with EBSCO, the world's leading subscription and information management company, will enable our company to consolidate its position as leader in the French information market and, at the same time, benefit from EBSCO's wide experience in the information services business as well as its advanced position in technology and e-products. We are pleased to report that EBSCO and RoweCom France have secured significant publisher commitments to assist with a successful transition. Subscription service will be continued through this transition period. We are grateful for the patience and understanding of publishers as such is an important element in continuing our services to you without interruption. With this agreement you should rest assured that the resources are available to fund the business on a forward-looking basis and to insure that we can maintain the highest level of services to our customers. We recognize this acquisition is taking place at a critical time in the subscription ordering cycle. Please be assured that subscription continuity and customer service are our highest priorities during this transition phase. We would like to assure you the teams based in Villebon / Palaiseau will remain your daily contacts and will, of course, still be ready to help you with your subscription management needs. We thank you for your understanding during this transition phase. Sincerely yours, Luc Prudhon, Managing Director, RoweCom France and F. Dixon Brooke, Jr., Vice President, Division General Manager EBSCO Information Services dbrooke@ebsco.com phone: (205) 991 - 1222 fax: (205) 995 - 1518
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