Research Solutions Subsidiary TAAG Acquires Assets of French Competitor Frontere Deal expected to expand TAAG's customer base and boost revenues
LOS ANGELES, May 5, 2014 /PRNewswire/ -- Research Solutions, Inc. (OTC: RSSS), a pioneer in facilitating the flow of information from the publishers of scientific, technical, and medical content to enterprise customers in Life Sciences and other research intensive organizations around the world, today announced the acquisition of the assets of French competitor Frontere by wholly-owned subsidiary Techniques Appliquees aux Arts Graphiques, S.p.A. (TAAG). The assets were acquired for approximately $145,000 US Dollars (€105,000 Euros), and include customers and equipment. "This was an exciting and logical acquisition opportunity that we expect will help to immediately broaden both our capabilities and customer base," said Frank Bohin, Managing Director at TAAG. "We look forward to a rapid integration of Frontere's customers and the potential positive impact due to additional business scale and reduced production costs."
TAAG, headquartered in Grigny near Paris, France, offers printing and logistics services, including printed materials used for retail and marketing purposes such as reprints of peer-reviewed journal articles for the life sciences industry, and regulatory sensitive marketing materials and clinical trial kits. Research Solutions acquired TAAG in March 2011.
For more information about Research Solutions, visit www.researchsolutions.com.
About Research Solutions®
Research Solutions, Inc. is a pioneer in facilitating the flow of information from the publishers of scientific, technical, and medical content to enterprise customers in life science and other research intensive organizations around the world. We develop products, services and systems to facilitate the re-use of published content in a manner that helps organizations achieve their research, marketing, and communication goals effectively and in compliance with copyright law and regulatory rules. Our subsidiary companies include Reprints Desk, Inc., and Techniques Appliquees aux Arts Graphiques, S.p.A. (TAAG). For more information, please visit www.researchsolutions.com.
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. Examples of forward-looking statements in this release include statements related the Company's improvement of customer base, capabilities, business scale and production costs resulting from the acquisition of the assets of Frontere. The Company assumes no obligation to update the cautionary information in this release.
SOURCE Research Solutions, Inc.