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ICSTI: EBSCO buys RoweCom, Divine exits

  • To: Multiple recipients of list <epc-l@iucr.org>
  • Subject: ICSTI: EBSCO buys RoweCom, Divine exits
  • From: Pete Strickland <ps@iucr.org>
  • Date: Mon, 30 Dec 2002 11:38:18 GMT

----------  Forwarded Message  ----------

Subject: EBSCO buys RoweCom, Divine exits
Date: Mon, 30 Dec 2002 09:00:05 -0000
From: Barry Mahon <mahons1@EIRCOM.NET>

>From NFAIS, for those of you who don't get their electronic news.

Corporate Communications, (205) 981-5145
email: rkennamer@ebsco.com

EBSCO Industries Confirms Intention to Acquire Operations of RoweCom Europe

BIRMINGHAM, Ala., U.S.A. -  EBSCO Industries Inc. today has confirmed that it
has signed a letter of intent to acquire the European operations of RoweCom,
Inc., a subsidiary of divine, inc., a leading provider of solutions for the
 extended enterprise.

EBSCO and divine are proceeding with the definitive purchase agreement.
The transaction requires French regulatory approval.

"Adding a major European agency to our existing business will enable us to
strengthen our global activities," said F. Dixon Brooke Jr., vice president
 and division general manager of EBSCO Subscription Services. "EBSCO already
 has a major presence in Europe and this acquisition only solidifies the
 amount of customer service and support we can bring our customers

The European operations of RoweCom service primarily customers in located
in Europe and have offices in France, the U.K. and Spain.

Also, today, divine announced its intention to exit the content subscription
business as it streamlines the organization to focus on three solution areas:
 Web, Content and Collaboration Solutions; Customer Interaction Solutions;
 and Managed Services and Infrastructure Solutions.



Best wishes

Peter Strickland
Managing Editor
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