March 4, 2013

Innovative Integrates SkyRiver Operations

Company Will Discontinue Legal Action against OCLC

Emeryville, CA—Innovative Interfaces announced today that all operations of sister company SkyRiver Technology Solutions, Inc. will be integrated into Innovative and that the SkyRiver cataloging service will become part of Innovative's product suite. In addition, Innovative has decided to withdraw the claims of the antitrust suit filed in 2010 and currently pending in federal court in Ohio.

"With the best interests of the library community in mind, we decided to view a relationship with OCLC as a potential collaboration partner, unclouded by legal issues," said Kim Massana, Innovative's Chief Executive Officer. "We are looking forward to competing with OCLC in the market for library technology services, including in the areas of cataloging and library service platforms. At the same time, we are excited to refocus our efforts to engage with OCLC management and our common accounts to help libraries meet the unprecedented information and technology challenges in today's environment."

Massana continued, "All of us at Innovative believe that competition in technology services benefits libraries and drives innovation. We have a great product in SkyRiver and anticipate that by putting the whole weight of Innovative behind the development and implementation of the system, we will become an even stronger player in the market for library cataloging services going forward."

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.