Elsevier to Acquire Interfolio
This would strengthen the services it provides provost offices
On Thursday, Elsevier announced that it has entered into an agreement to acquire Interfolio. Interfolio has a series of products that fall into two related categories, one of which I call researcher career management and the other of which is the more familiar, impact assessment.
While the price being paid was not revealed, Interfolio was acquired by a private equity firm in 2018 for a reported investment of $110 million (prior to adding several additional services into the Interfolio portfolio). Elsevier's acquisition, if it succeeds, will further strengthen it as a provider of platforms and services to the university provost's office and office of research, as well as research funders, an important consideration as it seeks to diversify its academic segment revenue basis beyond libraries.
Ultimately, this acquisition would further increase the disparity in services in the increasingly direct competition between Elsevier and the new Clarivate, particularly if Elsevier can integrate it effectively.
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