[August 21, 2017] |
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Lucidea Acquires Eloquent Systems, Provider of KM Solutions to Archives, Libraries, Museums and Records Managers
Lucidea, the leading provider of library automation and knowledge
management solutions to organizations worldwide, has acquired Eloquent
Systems. Eloquent, based in Vancouver, BC, is an applications developer
offering mobile-friendly knowledge management software for professionals
who manage archives, libraries, museums and records. They provide an
array of tools for organizing information about physical and digital
assets so that all stakeholders easily find exactly what they need,
through a single venue.
"Lucidea's CEO, Ron Aspe and I have known each other for almost 30
years, and I am confident Eloquent could not be in better hands," said
Merv Richter, Eloquent's founder. "Lucidea is well known for both its
expertise in knowledge management software and commitment to client
service."
Libraries, museums, archives, government agencies and corporations are
under increasing pressure to increase their digital presence, enhance
their users' experience, and protect their digital assets-while
remaining cost effective. Eloquent, by joining Lucidea, will be able to
further the work of its founder in helping clients achievethese
objectives. Lucidea's infrastructure and resources will enable the
Eloquent team to continue its focus on building and supporting high
quality, high value solutions to existing clients as well as prospects.
"I feel privileged that Lucidea has been entrusted with the continuing
success of Eloquent. Merv Richter and I share the same values with
regard to client service and reliable, innovative knowledge management
software. Eloquent clients can rest assured that Lucidea will continue
to provide the support and powerful KM capabilities they have come to
rely upon," said Ron Aspe, founder and CEO of Lucidea. "We are delighted
to welcome Eloquent staff and clients to the Lucidea family, and we look
forward to doing great things together."
The acquisition is effective immediately, and Eloquent employees will
continue working with the company in Vancouver. To structure this
combination, David J. Raffa Corporate Finance represented Eloquent
Systems, and The Kenyon Group Mergers and Acquisitions represented
Lucidea.
About Lucidea:
Lucidea is the developer of a full portfolio of solutions including
SydneyEnterprise, LawPort, LookUp Precision, Argus, CuadraSTAR, Inmagic
Presto and GeniePlus, offering KM and library automation systems that
deliver improved access to organizational knowledge. Lucidea is the
largest provider of ILS/KM/Collections Management solutions to
corporations, law firms, museums, archives, nonprofits and
governments-improving productivity, lowering operational costs and
increasing customer satisfaction. www.lucidea.com
View source version on businesswire.com: http://www.businesswire.com/news/home/20170821005727/en/
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