RealTime IT News

Bibliomondo Acquires ALS International

[Montreal, CANADA] BiblioMondo launched today after Canadian software company Best-Seller acquired the European company ALS International and renamed it BiblioMondo.

The acquisition was financed by Investissement Desjardins, the Royal Bank of Canada, a European private investor, and TechnoCap of Montreal.

"With over 19 million users and the largest library network in the world, BiblioMondo is the World's eLibrary Network," said Marc Balevi, managing partner and executive vice president of TechnoCap, Canada's largest netOptical Venture Capitalist.

"BiblioMondo's massively scalable networking of the worlds 712,000 multimedia libraries and access to their vast content via the Internet is compelling."

Kevin Restivo, an analyst with IDC (Canada) said that the enterprise market for Internet and Intranet Corporate and Public multimedia libraries is approximately one billion dollars. He said that it is a vertical niche that BiblioMondo moved into, and that was the right way to go.

With 2001 revenues projected at over $15 million, 140 employees and offices in six countries, BiblioMondo has network nodes in London, Paris, Cologne, Amsterdam, Philadelphia, and Montreal, and already has 1400 clients in nine countries.

With over 19 million users, BiblioMondo now has the largest network of online libraries in the world. Its clients in North America include America Online, Hydro-Quebec, and the Bibliotheque Nationale du Quebec. In Europe major customers include the Bibliotheque municipale de Lyon, the City of Hamburg, and ProBiblio, which is simultaneously the largest library network in the Netherlands and in the world.

Investissement Desjardins is the venture capital arm of the Mouvement Desjardins, covering investment in growth companies and investment funds. It aims to create value in associated companies and help them achieve a significant position in their sector of activity, on both Canadian and international markets.

TechnoCap is a net-focused venture company that is in the business of building companies focused on extensive scalable networking.