Printer Friendly

New company buys UMI, related assets from ProQuest.

ProQuest Information and Learning (Ann Arbor, MI), formerly Bell + Howell Information & Learning, has sold three business operating units to National Archive Publishing Company (NAPC; Ann Arbor, MI), a new company formed by four former ProQuest executives. The three businesses include UMI, Periodicals in Microfilm, XanEdu and the Microfilm and Digitization Service operations. The businesses were sold for $30 million, less an adjustment for working capital. ProQuest has retained all rights to newspaper and scholarly content.

NAPC has also purchased the existing manufacturing facility and operations located in Ann Arbor, Boston, Wooster (OH) and Louisville (KY). Under terms of the deal, NAPC will also work with ProQuest under a long-term service contract to produce microfilm and digital content. UMI Periodicals in Microfilm produces more than 18,000 periodicals in microfilm and has more than 5000 libraries and institutional clients nationwide. XanEdu, launched in 2000, provides students with online and print content in course packs. The unit's Integration Program (XIP) develops and produces custom course packs and tracks student uses and purchases. The Microfilm and Digitization Services unit produces microfilm for dissertations, newspapers and research collections.

NAPC president/ceo Dan Arbour said the National Archive Publishing name "defines what we do." Arbour said the new company will continue to focus on serving existing clients while leveraging "our vast capabilities, experience and capacity to develop new products and enhance the value of our existing offerings."

ProQuest will continue to operate ProQuest Business Solutions, a unit that provides electronic delivery of parts and service information for the automotive market, including technical data, parts catalogs and service manuals. ProQuest will also continue to operate Chadwyck-Healey (Cambridge, Eng. & Alexandria, VA), a unit that produces scholarly references and databases for a variety of academic areas via the Internet, CD and print.
COPYRIGHT 2005 JK Publishing, Inc
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Publisher
Date:Nov 17, 2005
Previous Article:"Healthcare Building Ideas" and "Hospitality Construction" from D&D Comm. Group.
Next Article:SNL Financial purchases regulatory research associates.

Related Articles
The Physician Executive.

Terms of use | Privacy policy | Copyright © 2020 Farlex, Inc. | Feedback | For webmasters