Research Solutions Appoints Former Elsevier CEO John Regazzi as Chairman of the Board

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Aug 26, 2015, 08:31 ET

ENCINO, Calif., Aug. 26, 2015 /PRNewswire/ -- Research Solutions, Inc. (OTCQB: RSSS), a pioneer in providing on-demand access to scientific, technical and medical (STM) information for life science companies, academic institutions and other research intensive organizations, has appointed John Regazzi as non-executive chairman of the board, succeeding President and CEO Peter Derycz, who will remain on the board as a director and continue as president and CEO. Regazzi joined the board an independent director in June.

The board has made the change to provide a better balance of corporate governance and responsibility, and allow Derycz to provide a greater focus on managing the accelerating growth of the company and particularly the upcoming launch of new products. The appointment also allows the company to take greater advantage of Regazzi's four decades of experience in information technology, including as managing director of NYSE-listed Reed Elsevier, the world's largest publisher and information services provider for STM content.

The reorganization comes after the company reported double digit growth in new Article Galaxy customers, transactions and revenue in its third fiscal quarter, with the year-over-year growth sustained for 10 consecutive quarters. The company plans to report its fourth quarter and full fiscal year results on September 8.

"John has demonstrated to be an invaluable and trusted leader who shares our passion for Research Solutions' mission and purpose," commented Derycz, who is also the company's founder. "Our company and shareholders will be served well by his appointment as chairman, as it allows his deep industry knowledge and experience to come to the forefront of the strategic thinking."

Regazzi commented: "Thanks to Peter's strong leadership and the tremendous team he has built, Research Solutions has become the industry leader in providing mission critical information and workflow tools for research-driven organizations around the world. I'm excited and honored to serve the company in this new capacity, particularly as its development and global growth continues to gather momentum."

Regazzi is a recognized innovator in the IT and information services industries. He is currently managing director of Akoya Capital Partners, a sector focused private investment firm where for the last few years he has served as its professional information services sector leader. He has also been a professor at Long Island University's College of Education, Information and Technology since 2005, and has served as dean of LIU's College of Information and Computer Science.

Before joining Akoya Capital Partners, Regazzi served for several years as CEO of Elsevier and then managing director of Reed Elsevier, following the merger of Elsevier with Reed International in 1992. At Reed Elsevier, Regazzi oversaw its expansive electronic publishing portfolio, with a program staff of 3,000 and revenues exceeding $1 billion. He was previously CEO of Engineering Information, which he helped turnaround before Reed Elsevier acquired it.

Regazzi has served on a variety of corporate and industry boards, including the British Standards Institute Group and the American Institute of Physics. He was recently appointed chairman of the board of the National Technical Information Service, a division of the U.S. Department of Commerce. He also currently serves as chairman of LawLogix Group and Inflexxion, both Akoya portfolio companies.

About Research Solutions

Research Solutions, Inc. (OTCQB:RSSS) and its wholly-owned subsidiary Reprints Desk, Inc. (www.reprintsdesk.com) are pioneers in providing on-demand access to scientific, technical, and medical (STM) information for life science companies, academic institutions, and other research intensive organizations. Customers include 70% of the top 25 pharma companies in the world. The company's cloud based software-as-a-service (SaaS) solution, Article Galaxy, provides customers with access to the over one million newly published articles each year in addition to the tens of millions of existing articles that have been published in the past, helping them to identify the content that is critical to their research. The company helps customers create and speed discoveries, save time and money, and remain copyright compliant, and it has arrangements with numerous STM content publishers that allow electronic access and distribution of their content. In addition to serving end users content, the company also serves STM publishers by facilitating compliance with applicable copyright laws.

About Reprints Desk®

Reprints Desk improves how journal articles and clinical reprints are accessed, procured, and legally used in evidence-based promotions, medical affairs, and scientific, technical, and medical (STM) research. Organizations fueled by intellectual property choose Reprints Desk because of its collaborative business approach, efficient article supply system and services, and commitment to quality post-sales support. Reprints Desk has ranked #1 in the every Document Delivery Vendor Scorecard from industry analyst and advisory firm Outsell Inc. since 2008.

Forward-Looking Statements

Certain matters discussed in this press release may be forward-looking statements. Such matters involve risks and uncertainties that may cause actual results to differ materially, including the following: changes in economic conditions; general competitive factors; acceptance of the Company's products in the market; the Company's success in obtaining new customers; the Company's success in technology and product development; the Company's ability to execute its business model and strategic plans; the Company's success in integrating acquired entities and assets, and all the risks and related information described from time to time in the Company's filings with the Securities and Exchange Commission ("SEC"), including the financial statements and related information contained in the Company's Annual Report on Form 10-K and interim Quarterly Reports on Form 10-Q. The Company assumes no obligation to update the cautionary information in this release.

SOURCE Research Solutions, Inc.