Integrated library system software provider Innovative Interfaces, US, has announced that all operations of sister company SkyRiver Technology Solutions, Inc. will be integrated into Innovative and that the SkyRiver cataloguing service will now become part of Innovative's product suite.
Innovative's move follows founder Jerry Kline's selling off his remaining interest in both companies last month to private equity firms Huntsman Gay Global Capital and JMI Equity, which first invested in the companies in March 2012. Kline also stepped down from the board, and Steve Young, senior partner of Huntsman Gay, was named chair. Neil Block, formerly president of Innovative, joined Polaris on January 22.
In addition, Innovative has decided to withdraw the claims of the antitrust suit filed in 2010 and currently pending in federal court in Ohio.
OCLC President and CEO, Jay Jordan, has applauded the decision of the new owners of Innovative Interfaces and SkyRiver Technology Solutions and CEO Kim Massana to withdraw the claims against OCLC. The organisation looks forward to a possible future engagement with Innovative where it benefits libraries.
Innovative's core offering, the Sierra Services Platform, has seen an extraordinary level of adoption across the international library and information community over the last year with more than 320 library systems having so far committed to Sierra, representing over 1,000 libraries worldwide. Sierra represents a new approach to library technology that provides the extensive functionality required for today's libraries, while also bringing open architecture to library staff, allowing them to create their own solutions and adapt rapidly to the changing role of their libraries and institutions.