Golden Gate Capital buys Ex Libris

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Ex Libris Group, which provides library automation solutions, is being acquired by Golden Gate Capital, a San Francisco-based private equity firm. Ex Libris has been owned by Leeds Equity Partners.

'Ex Libris is proud to join Golden Gate Capital, whose software portfolio represents, on a consolidated basis, the sixth largest software company globally,' commented Matti Shem Tov, Ex Libris Group president and CEO. 'Golden Gate Capital’s positive assessment of Ex Libris reaffirms our customers’ and management’s confidence in the strength of the Company, its products, and its future strategy. Golden Gate Capital’s deep technology experience and financial resources will support our continued growth as we carry on developing our software and data services and extending our geographic reach.'

'Ex Libris is a dynamic and accomplished leader in the library software marketplace,' explained Jake Mizrahi, a managing director of Golden Gate Capital. 'The company has successfully carried out an impressive transition to cloud-computing technology and to a new business model while continuing to sell and support local and hybrid installations of its solutions. We look forward to working with the strong leadership team at Ex Libris to extend the Company’s offerings and facilitate its future growth.'

Ex Libris will remain an independent business based in Jerusalem, run by the current management team. The deal is expected to be completed this month.