Software Equity Group’s Client ScholarOne Acquired by Thomson Corporation
San Diego, CA, August 31, 2006 – Software Equity Group, LLC (SEG), a leading software industry investment bank and M&A advisory, announced today the sale of its client, ScholarOne, Inc., a leading global provider of workflow management systems for scholarly publishers, to the Scientific & Healthcare division of Thomson Corporation.
ScholarOne provides subscription-based software for authoring, evaluating and publishing research to more than two million users. ScholarOne software enables publishers of scholarly research to produce journals, meeting abstracts and conference proceedings faster and easier. Its management team and employees will become part of Thomson Scientific. Financial terms were not disclosed.
"Thomson is focused on providing information and tools that span the research process -- from scientific discovery to authoring and collaboration," said Vin Caraher, president and CEO of Thomson Scientific. "ScholarOne has built an impressive portfolio of publishing products which complement our own world-class research platform for scientific and scholarly communities."
"Thomson infrastructure and its entire product line -- including the Web of Knowledge platform -- will accelerate ScholarOne's mission to provide comprehensive management systems for scholarly journals, books, and conferences," said ScholarOne President & CEO, William T. Carden, Jr. "We are excited about the outstanding content, analytical tools and innovative product solutions that this transaction will bring to customers of both companies."
Clients of ScholarOne include prestigious, not-for-profit societies, university presses, government agencies and the world's leading commercial publishers. The company is headquartered in Charlottesville, Virginia.