Elsevier Acquires Knovel, Provider of Web-based Productivity Application for the Engineering Community
NEW YORK, January 7, 2013 /PRNewswire/ --
Knovel's solution integrates technical information with analytics and search to deliver trusted answers and drive innovation
Elsevier, a world-leading provider of scientific, technical and medical information products and services, announced today the acquisition of Knovel Corp. New York City-based Knovel provides a web-based application that integrates technical information with analytical and search tools to drive innovation and deliver answers engineers can trust.
Founded in 2001, Knovel has developed a deep knowledge of the engineering community and is a valuable tool for thousands of engineers and students in more than 700 corporations and engineering schools worldwide. Knovel integrates information and data from more than 100 engineering societies and publishers and makes it highly searchable and interactive so that engineers can easily manipulate the data they find and use it in other engineering applications.
"Knovel's comprehensive list of content contributors, engineering-specific search, and tools such as interactive graphs, together with Elsevier's deep engineering content base and global market reach, will allow us to deliver an even more comprehensive and better integrated solution for engineers and engineering students," said Alexander van Boetzelaer, Managing Director of Elsevier Corporate Markets. "This acquisition will give us the opportunity to provide an enhanced experience for our customers as they work to overcome engineering challenges and improve technical outcomes."
Recently named by research firm Outsell one of the "10 to Watch" in scientific/technical and medical publishing, Knovel has expanded its offerings and customer base as multiple factors have influenced the engineering technical reference market segment. This market has grown rapidly, driven by advancements in technology, the proliferation of technical data, the demand for cross-disciplinary knowledge, an aging engineering workforce and need to educate the next generation of engineers.
"This is a great new chapter for Knovel," said Chris Forbes, Knovel President and CEO. "The acquisition gives us an exciting way to expand Knovel's technology, innovation and comprehensive content selected from the best engineering publishers and societies to more organisations across the world."
As a leading publisher of engineering journals and books, Elsevier offers global reach, an extensive partner network and a high-quality pool of relevant engineering content. Elsevier has a longstanding content licensing relationship with Knovel and will continue to seek out the best engineering content available for customers.
The acquisition is effective immediately and financial terms of the transaction are not being disclosed.
Knovel is a Web-based application integrating technical information with analytical and search tools to drive innovation and deliver answers engineers can trust. Knovel users include thousands of engineers and applied scientists worldwide. Knovel has more than 700 customers worldwide including 74 of the Fortune 500 companies, five of the Top 10 Constituents on the FTSE 100 Index and more than 400 leading universities. Founded in 2000, Knovel is a private company headquartered in New York City. For more information, visit http://www.knovel.com or call +1-866-240-8174.
Elsevier is a world-leading provider of scientific, technical and medical information products and services. The company works in partnership with the global science and health communities to publish more than 2,000 journals, including The Lancet and Cell, and close to 20,000 book titles, including major reference works from Mosby and Saunders. Elsevier's online solutions include ScienceDirect, Scopus, Reaxys, ClinicalKey and Mosby's Nursing Suite, which enhance the productivity of science and health professionals, and the SciVal suite and MEDai's Pinpoint Review, which help research and health care institutions deliver better outcomes more cost-effectively.
A global business headquartered in Amsterdam, Elsevier employs 7,000 people worldwide. The company is part of Reed Elsevier Group PLC, a world-leading a world leading provider of professional information solutions in the Science, Medical, Legal and Risk and Business sectors, which is jointly owned by Reed Elsevier PLC and Reed Elsevier NV. The ticker symbols are REN (Euronext Amsterdam), REL (London Stock Exchange), RUK and ENL (New York Stock Exchange).