Tuesday, October 25, 2011

Inmagic Joins The SydneyPLUS Group of Companies

SydneyPLUS International, provider of Library KM software and solutions to Fortune 1000 companies, top law firms and government institutions has announced the acquisition of Inmagic's special library business. Inmagic, a pioneer in information management solutions, is known for its large customer base in special libraries, government agencies, commercial organizations, associations, and other non-profits. The library portion of the business includes Inmagic's DB/Text(R) Library Suite of products: DB/TextWorks(R), DB/Text(R) WebPublisher Pro, and Inmagic(R) Genie.

The addition of Inmagic's special library business to SydneyPLUS will extend SydneyPLUS' leadership position in knowledge management and library automation software markets. Phillip Green, former Inmagic, Inc. CTO, will join SydneyPLUS and lead the new division. He will be joined by Inmagic's co-founder Karen Brothers and other core members of Inmagic's special library team of sales, customer support, and engineering staff to form the new SydneyPLUS Inmagic division.

"We are thrilled about joining the SydneyPLUS family," said Phillip Green. "We share a commitment to long-term healthy and productive relationships with customers. We look forward to exploiting the synergies of our combined organizations to accelerate development, enhance customer service, and continue delivering world-class products to our global customer base."

"We at SydneyPLUS welcome everyone in the DB/Text and Genie communities to the SydneyPLUS family. Having our combined customer bases under one roof has been a long-time goal of mine," stated Ron Aspe, President of SydneyPLUS. "Inmagic and SydneyPLUS have long served similar markets, and I believe the combined expertise of both our companies will yield compelling solutions that will bring opportunity, innovation, and more choice to all."

The new Inmagic will continue to protect and reward its customers' investment in Inmagic products by adding new features and capabilities, as well as new applications. SydneyPLUS and its new Inmagic division remain dedicated to maintaining and increasing the qualities that their customers have come to expect--technical innovation, exceptional service, ease of use, outstanding reliability, and a lifelong reputation for integrity.

As part of this transaction, SydneyPLUS acquired the Inmagic trademark, which is strongly associated with the special library market. However, Inmagic, Inc. retains and will continue to market and sell its award-winning Presto technology and its products, Presto KnowledgeNet, Presto AssociatioNet, and Presto IdeaNet. Inmagic, Inc. will continue to use the Inmagic name until such time as a new company name is established.

Additionally, the companies are announcing a strategic partnership to co-market and support Inmagic's Presto for Social Libraries which is a Social Knowledge Network (SKN) application that integrates library workflow with knowledge-based content and the "wisdom of the community" to create a "Library 2.0" environment to support the research and business objectives of organizations.

"This is an extremely positive outcome for Inmagic's large base of library customers and business partners around the world," said Ron Matros, CEO of Inmagic, Inc. "SydneyPLUS has a long and successful history in the special library and knowledge management market and is a great home for Inmagic's library solutions business." For more information about Inmagic, visit www.Inmagic.com.

The SydneyPLUS Group of companies also includes, Incite Software Solutions, LawPort, Cuadra Associates, Inc, Questor Systems and Lookup Precision.