Lucidea Acquires Eloquent Systems, Provider of KM Solutions to Archives, Libraries, Museums and Records Managers
"Lucidea's CEO, Ron Aspe and I have known each other for almost 30 years, and I am confident Eloquent could not be in better hands," said Merv Richter, Eloquent's founder. "Lucidea is well known for both its expertise in knowledge management software and commitment to client service."
Libraries, museums, archives, government agencies and corporations are under increasing pressure to increase their digital presence, enhance their users' experience, and protect their digital assets-while remaining cost effective. Eloquent, by joining Lucidea, will be able to further the work of its founder in helping clients achieve these objectives. Lucidea's infrastructure and resources will enable the Eloquent team to continue its focus on building and supporting high quality, high value solutions to existing clients as well as prospects.
"I feel privileged that Lucidea has been entrusted with the continuing success of Eloquent. Merv Richter and I share the same values with regard to client service and reliable, innovative knowledge management software. Eloquent clients can rest assured that Lucidea will continue to provide the support and powerful KM capabilities they have come to rely upon," said Ron Aspe, founder and CEO of Lucidea. "We are delighted to welcome Eloquent staff and clients to the Lucidea family, and we look forward to doing great things together."
The acquisition is effective immediately, and Eloquent employees will continue working with the company in Vancouver. To structure this combination, David J. Raffa Corporate Finance represented Eloquent Systems, and The Kenyon Group Mergers and Acquisitions represented Lucidea.
Lucidea is the developer of a full portfolio of solutions including SydneyEnterprise, LawPort, LookUp Precision, Argus, CuadraSTAR, Inmagic Presto and GeniePlus, offering KM and library automation systems that deliver improved access to organizational knowledge. Lucidea is the largest provider of ILS/KM/Collections Management solutions to corporations, law firms, museums, archives, nonprofits and governments-improving productivity, lowering operational costs and increasing customer satisfaction. www.lucidea.com
SOURCE: BUSINESS WIRE. ©2017 Business Wire