Ex Libris Sale Completed

-- Library Journal, 11/06/2006

Francisco Partners has completed its purchase of Ex Libris's full holdings for a reported price of $62 million. When the sale initially was announced in July, Ex Libris president and CEO Matti Shem Tov stated that "Ex Libris will remain an independent company run by its existing management team. The company's headquarters will remain in Jerusalem and reporting lines with the subsidiaries, branch offices, and distributors will be carried out in the same manner as today." The communiqué also assured that neither rank-and-file employees nor customers will be affected by the purchase.