Elsevier Acquires Mendeley, an Innovative, Cloud-based Research Management and Social Collaboration Platform

Elsevier Acquires Mendeley, an Innovative, Cloud-based Research Management and
                        Social Collaboration Platform

  PR Newswire

  LONDON, April 9, 2013

LONDON, April 9, 2013 /PRNewswire/ --

Mendeley users to benefit from  seamless access to Elsevier's leading content
  and workflow tools , while Elsevier expands researcher workflow offerings
                 and builds greater engagement with its users

Elsevier , a world-leading provider of scientific, technical and medical
information products and services, announced today the acquisition of Mendeley
, a London-based company that operates a global research management and
collaboration platform. Researchers worldwide use Mendeley's desktop and
cloud-based tools to manage and annotate documents, create citations and
bibliographies, collaborate on research projects and network with fellow
academics.

"Mendeley is an innovative company with great culture, talent and
collaborative spirit, and we will keep it that way," said Olivier Dumon,
Managing Director of Academic and Government Research Markets at Elsevier.
"Not only that, but together we intend to scale and evolve Mendeley in ways
that benefit the entire research community. We will provide greater access to
content, data, and analytics tools to Mendeley's users and its flourishing
third-party app ecosystem, all of which will enable us to increase both
Elsevier's and Mendeley's engagement with researchers."

"Our vision is to make science more collaborative and open, and now we have
the support of the world's largest science information provider, whose
resources will enable us to accelerate our progress towards this vision," said
Victor Henning, PhD, Co-Founder and CEO of Mendeley. "Above all, we will
remember what has made Mendeley a success: ensuring that everything we do
makes our users' lives easier."

Launched in late 2008, Mendeley was the brainchild of three PhD students
wanting an easier way to manage their research papers and collaborate with
colleagues overseas. They developed a desktop app that could automatically
extract metadata and keywords from PDFs, thus turning loose collections of
PDFs into structured, searchable research paper databases that were
synchronized to the cloud.

From the start, they were thrilled by the idea that this crowd-sourced data
would allow Mendeley to analyse research trends across academic disciplines in
real time, show readership statistics for individual research papers, connect
researchers with similar interests and generate research paper recommendations
based on collaborative filtering.

To welcome Mendeley's individual users, Elsevier is increasing the product's
Freemium offer. The free storage level has expanded from 1 gigabyte to 2, and
the amount of storage provided in the premium levels has expanded as well. For
institutions, the Mendeley Institutional Edition (MIE) will continue to be
available. MIE is a tool that helps universities analyse research activity in
real time, complementing the traditional Impact Factor system of academic
citations. It also enables librarians to extract more value from resources by
optimizing their subscriptions and providing a better service to their
researchers by tracking which journals are being read by faculty and students.

This union extends a history of collaboration between the two companies that
began in 2009. For example, Elsevier has referred users to Mendeley, invited
Mendeley to build apps on ScienceDirect using its open APIs, and sponsored
Mendeley's Science Online London conferences on Open Science.

More information and updates on this news can be found on Elsevier Connect ,
Elsevier's online community, and on the Mendeley blog .

About Mendeley

Mendeley is a global research collaboration platform and academic database
with offices in London and New York. Mendeley's desktop, mobile and web
applications help people organize, share, and discover new research. Since its
launch in 2009, Mendeley has been adopted by leading academic institutions in
180 countries and built a global research network and Big Data platform for
science. The Mendeley API powers more than 300 exciting new third-party
applications that are making science more social and open, facilitating
important interactions and advancing discoveries across all disciplines.

About Elsevier

Elsevier is a world-leading provider of scientific, technical and medical
information products and services. The company works in partnership with the
global science and health communities to publish more than 2,000 journals,
including The Lancet and Cell , and close to 20,000 book titles, including
major reference works from Mosby and Saunders. Elsevier's online solutions
include ScienceDirect , Scopus , Reaxys , ClinicalKey and Mosby's Suite ,
which enhance the productivity of science and health professionals, and the
SciVal suite and MEDai's Pinpoint Review , which help research and health care
institutions deliver better outcomes more cost-effectively.

A global business headquartered in Amsterdam, Elsevier employs 7,000 people
worldwide. The company is part of Reed Elsevier Group plc, a world leading
provider of professional information solutions. The group employs more than
30,000 people, including more than 15,000 in North America. Reed Elsevier
Group plc is owned equally by two parent companies, Reed Elsevier PLC and Reed
Elsevier NV. Their shares are traded on the London, Amsterdam and New York
Stock Exchanges using the following ticker symbols: London: REL; Amsterdam:
REN; New York: RUK and ENL.

Media contact Tom Reller, Elsevier T.Reller@elsevier.com (US) +1-215-239-3508

Alice Bonasio, Mendeley alice.bonasio@mendeley.com (UK) +44(0)77-349-97628
 
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