Elsevier, a world-leading provider of scientific, technical and medical information products and services, announced today the acquisition of Knovel Corp. New York City-based Knovel provides a web-based application that integrates technical information with analytical and search tools to drive innovation and deliver answers engineers can trust.
Founded in 2001, Knovel has developed a deep knowledge of the engineering community and is a valuable tool for thousands of engineers and students in more than 700 corporations and engineering schools worldwide. Knovel integrates information and data from more than 100 engineering societies and publishers and makes it highly searchable and interactive so that engineers can easily manipulate the data they find and use it in other engineering applications.
“Knovel’s comprehensive list of content contributors, engineering-specific search, and tools such as interactive graphs, together with Elsevier’s deep engineering content base and global market reach, will allow us to deliver an even more comprehensive and better integrated solution for engineers and engineering students,” said Alexander van Boetzelaer, Managing Director of Elsevier Corporate Markets. “This acquisition will give us the opportunity to provide an enhanced experience for our customers as they work to overcome engineering challenges and improve technical outcomes.”
Recently named by research firm Outsell one of the “10 to Watch” in scientific/technical and medical publishing, Knovel has expanded its offerings and customer base as multiple factors have influenced the engineering technical reference market segment. This market has grown rapidly, driven by advancements in technology, the proliferation of technical data, the demand for cross-disciplinary knowledge, an aging engineering workforce and need to educate the next generation of engineers.
“This is a great new chapter for Knovel,” said Chris Forbes, Knovel President and CEO. “The acquisition gives us an exciting way to expand Knovel’s technology, innovation and comprehensive content selected from the best engineering publishers and societies to more organisations across the world.”
As a leading publisher of engineering journals and books, Elsevier offers global reach, an extensive partner network and a high-quality pool of relevant engineering content. Elsevier has a longstanding content licensing relationship with Knovel and will continue to seek out the best engineering content available for customers.
The acquisition is effective immediately and financial terms of the transaction are not being disclosed.