M&A Deal Summary

Innovative Interfaces Acquires VTLS

On June 2, 2014, Innovative Interfaces acquired software company VTLS

Acquisition Highlights
  • This is Innovative Interfaces’ 2nd transaction in the Software sector.
  • This is Innovative Interfaces’ 3rd transaction in the United States.
  • This is Innovative Interfaces’ 1st transaction in Vermont.

M&A Deal Summary
Date 2014-06-02
Target VTLS
Sector Software
Buyer(s) Innovative Interfaces
Deal Type Add-on Acquisition
Advisor(s) Cary Street Partners (Financial)

Target

VTLS

Blacksburg, Vermont, United States
VTLS has been providing library automation solutions for the past 30 years to a diverse customer base of over 1,900 libraries in 44 countries around the world. We offer a range of solutions designed to improve efficiency of operations and accessibility to information.

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Buyer(S) 1

Buyer

Innovative Interfaces

Emeryville, California, United States
Category Company
Founded 1978
Sector Software
DESCRIPTION

Innovative Interfaces, Inc. is a provider of library automation software and systems that empower libraries and enrich their users worldwide. Innovative offers one of the most comprehensive portfolios of library automation products on the market today, serving academic, public, national, corporate, and special libraries and consortia. Headquartered in Emeryville, California, Innovative has a global presence serving thousands of libraries in 66 countries and offices worldwide.

DEAL STATS #
Overall 3 of 3
Sector (Software) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (Vermont) 1 of 1
Country (United States) 3 of 3
Year (2014) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-01 Polaris Library Systems

Liverpool, New York, United States

Polaris Library Systems earns the highest customer satisfaction ratings by focusing on one goal: helping libraries better serve their communities.

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