August 26, 2016

Australia Also Stung By divine Collapse; Buyers Emerge

By LJ Staff

With faltering divine’s European subscription business situation now all but settled, and the with talks going positively on a U.S. deal, reports from Australia say that three companies are in the running to pick up divine’s Australian operation. Liabilities in Australia are estimated to be between $2 to $4 million Australian ($1.2 to $2.4 million U.S.)–small amounts when compared to the U.S. and European figures, but still significant to Australian libraries. According to reports in the Australian press, Ginette Muller, an administrator appointed to oversee the divine/RoweCom situation in Australia, said that Swets Blackwell, DA Information Services, and EBSCO have all shown interest in acquiring the Australian business. Sorting out the effects of the divine collapse on Australia, however, could take many weeks. Muller said that RoweCom’s computer invoicing systems had never been integrated–meaning that all customer invoices had to be manually checked against records in the U.S. to determine whether paid orders had been placed with publishers or not.

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