| Innovative Interfaces, Inc. has announced that Jerry Kline, co-founder
and CEO, has reached an agreement to purchase the outstanding shares of
the company from co-founder Steve Silberstein. Upon closing of the transaction,
which is expected by the end of the year, Kline will assume full ownership
of the company.
Innovative was founded in 1978 by Klineand Silberstein. Since then,
the company has enjoyed steady growth as a result of its introduction of
highly functional, high-quality library automation products, according
to the announcement. There are over 900 Innovative systems in use at libraries
around the world.
Silberstein said: "I am very proud to have been involved with Innovative
for so many years. The achievements of the company have been very gratifying.
I believe that Innovative will continue to enjoy great success."
Noting that the transfer in ownership will not have any effect on the
company's operations or future product development, Kline said: "We have
developed a very successful and stable company in a highly competitive
environment, and we are very proud of what we have accomplished. We will
continue to provide the best-quality software and services to libraries.
We wish Steve the best, and thank him for his contributions."
Innovative Interfaces is a provider of Web-based automated library systems
that are installed in thousands of libraries in 27 countries around the
world. The company is headquartered in Emeryville, California, with offices
in Australia, Canada, France, Portugal, Spain, Sweden, Taiwan, Thailand,
and the U.K.
Source: Innovative Interfaces, Inc., Emeryville, CA, 510/655-6200; http://www.iii.com. |
