Elsevier, the global information analytics business specialising in science and health, has signed a definitive agreement to acquire Aries Systems, a leader in scientific publication workflow solutions headquartered outside Boston, MA. Aries' offerings are used by journals, books and other publications for manuscript submission, peer review, production tracking and eCommerce.
Aries was founded by Lyndon Holmes in 1986 and has successfully developed several generations of technologies to support publications processes, including Editorial Manager®, an online manuscript submission and peer-review system. Elsevier and Aries have worked closely for nearly 20 years and Elsevier already uses the Editorial Manager platform for a significant number of journals, including its high profile Cell Press portfolio and many society titles.
Elsevier is committed to providing the same strong and consistent service for both publishers and researchers as Aries provides today. To that end, Elsevier will be establishing a customer advisory board comprised of Aries' customers and chaired by Lyndon Holmes, who has agreed to remain with the company. Elsevier also plans to retain the Aries team working for the company in the US, the UK and Germany.
The acquisition is in line with Elsevier's organic growth driven strategy, supported by acquisitions of innovative open science companies that are helping to improve the research information ecosystem, following the acquisitions of Mendeley, SSRN, Plum Analytics and bepress. The transaction is subject to customary conditions and regulatory consents and is expected to close in the third quarter of 2018.
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