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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.
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Publication:Business Publisher
Date:Nov 17, 2005
Words:294
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