Elsevier to Acquire Interfolio - The Scholarly Kitchen
peter.suber's bookmarks 2022-04-25
"On Thursday, Elsevier announced that it has entered into an agreement to acquire Interfolio. Interfolio has a series of products that fall into two related categories, one of which I call researcher career management and the other of which is the more familiar, impact assessment. While the price being paid was not revealed, Interfolio was acquired by a private equity firm in 2018 for a reported investment of $110 million (prior to adding several additional services into the Interfolio portfolio). Elsevier’s acquisition, if it succeeds, will further strengthen it as a provider of platforms and services to the university provost’s office and office of research, as well as research funders, an important consideration as it seeks to diversify its academic segment revenue basis beyond libraries. Ultimately, this acquisition would further increase the disparity in services in the increasingly direct competition between Elsevier and the new Clarivate, particularly if Elsevier can integrate it effectively. ... So, for Elsevier, Interfolio’s faculty activity reporting, tenure and promotion, faculty search, and dossier management services should integrate very well with its already strong PURE platform. ... Interfolio’s products and services contain substantial data that already contribute to assessment and impact analysis. These are held in the aforementioned faculty career management services, on a proprietary basis for individual and institutional customers, in ways that could intriguingly be integrated into various analytical tools and services. And, at least in the UK, the oddly-named ResearchFish, acquired several years ago by Interfolio, is used by funding agencies to track the work of their funded researchers (attracting a bit of controversy lately for its unexpected approach to social media). Notwithstanding data protections in place, there could easily emerge additional opt-in opportunities for data from Interfolio services to populate other Elsevier platforms and analytics over the course of time. ... One thing is for sure — Elsevier is bringing together a premier researcher career management offering with its highly competitive research information management system — and that can make a compelling combination. Clarivate has an even higher mountain to climb now as it works to create a competitive research information management offering, working to combine Converis, which has not captured meaningful market share since Clarivate acquired it, and the more nascent Esploro, a category-bending service which it gained through the ProQuest acquisition. ... The most disappointing part of this reaction is the surprise that many librarians and other community advocates express about an acquisition of one company by another company. This should not be a surprise, as I wrote years ago when Elsevier bought bepress. Universities for whom this is a substantial concern should not outsource strategically sensitive services to commercial firms, or alternatively should ensure their contracts are structured to protect their interests in the face of the most outrageous acquisition they can imagine. ..."
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