ProQuest, which is backed by ABRY Partners and Goldman Sachs, has bought SIPX. No financial terms were disclosed. Based in Palo Alto, California, SIPX is a provider of digital course materials that addresses copyright and costs concerns for universities. SIPX’s backers included Mohr Davidow Ventures, XSeed Capital, Stanford University and Ulu Ventures.
ANN ARBOR, MI, April 8, 2015 – ProQuest (through its affiliate Bowker) has acquired Palo Alto-based SIPX, creator of a unique digital course materials solution that addresses a variety of copyright and costs concerns for universities. SIPX eliminates duplicate spending on course packs (collections of assigned readings) by connecting students to materials already purchased and available to them through their university library.
“SIPX’s contributions to the Higher Education community align with ProQuest’s mission to connect libraries more deeply into the day-to-day research and education needs of students and faculty,” said Kurt Sanford, ProQuest CEO. “Its service enables universities to further leverage the investments their libraries have made in their research collections. With our support, customer relationships and investment, we will rapidly increase the availability and richness of SIPX’s services.”
Developed from Stanford University research, SIPX became an independent business in 2012. Students, faculty members, schools and publishers promptly embraced SIPX’s simple solution for compiling, delivering and managing digital reading lists. Educators, librarians and support staff at leading schools — including the University of Illinois, the University of Notre Dame, Stanford University, the University of Texas-Austin, and others — use SIPX to set up course readings and immediately benefit from the system’s automatic check for works that are available at no cost to students via library subscriptions or open sources. By leveraging SIPX to eliminate redundant spending and reduce materials costs, students have experienced an average of 20 to 35 percent in savings to date.
In cases where payments for readings are necessary, SIPX simplifies complicated licensing, purchasing and invoicing processes into a seamless online transaction, eliminating administrative burdens and expense. SIPX’s technology is flexible and integrates with a wide range of platforms and use cases such as campus Learning Management Systems, library course reserves, bookstore course packs and global Massive Open Online Courses. As part of the broader ProQuest enterprise, SIPX will be strengthened and supported as it continues to evolve the increasingly popular service.
“We are thrilled to join forces with our long-time partner ProQuest, a true industry leader that believes in and supports our vision to provide users with content quickly, easily and cost-effectively,” said Franny Lee, Co-founder of SIPX. “In joining ProQuest’s ranks, SIPX is better positioned to continue working with valued partners and customers to deliver unparalleled service, both now and as new developments in higher education arise in this ever-changing digital and global era.”
Effective immediately, Ms. Lee will lead SIPX, reporting to Ben Lewis, ProQuest’s Senior Vice President for Strategy & Business Development.
About SIPX (www.sipx.com)
A growing leader in digital content and online education, SIPX is a proven and scalable technology solution used in prominent schools for managing and sharing course materials. Developed from Stanford University research, the system draws in all types of content and data (such as open access and OER materials, comprehensive publisher content and library-licensed content in which schools have already made significant investments). Its web interface allows faculty and support staff to easily set up, distribute, and analyze use of course reading links by students.
SIPX is focused on making access to course materials as affordable, simple and transparent as possible, and its unique technology recognizes individual user contexts that could allow for free or reduced cost access because of such factors as library subscription affiliations or a student’s geography. The solution can embed in and support many use cases, including faculty-facing Learning Management Systems, library course reserves services, bookstore course packs, distance education, continuing studies and global open online courses/MOOCs.
SIPX is located in Palo Alto, California.
About ProQuest (www.proquest.com)
ProQuest connects people with vetted, reliable information. Key to serious research, the company’s products are a gateway to the world’s knowledge including dissertations, governmental and cultural archives, news, historical collections and ebooks. ProQuest technologies serve users across the critical points in research, helping them discover, access, share, create and manage information.
The company’s cloud-based technologies offer flexible solutions for librarians, students and researchers through the ProQuest®, Bowker®, Dialog®, ebrary®, EBL® and Serials Solutions® businesses – and notable research tools such as the Summon® discovery service, the RefWorks® Flow™ collaboration platform, the Pivot™ research development tool and the Intota™ library services platform. The company is headquartered in Ann Arbor, Michigan, with offices around the world.