-
Nagelsmann quits as Germany coach after World Cup exit: reports
-
Wallabies riding wave of patriotic support against Ireland
-
All Blacks return to Christchurch 'a blessing', says Savea
-
Belgium opens up Congo archives amid global minerals race
-
'Not a museum': Slovak UNESCO village strains under tourism
-
Wimbledon clings onto fashion traditions, with a twist
-
DR Congo opposition builds against presidential third-term bid
-
Death toll from massive strikes on Kyiv rises to 30
-
China sports brands score NBA stars to assist global ambitions
-
El Nino set to be strong, UN warns
-
Man dies after setting self ablaze outside UN in New York: police
-
'Inspired millions': Modric praised as World Cup career appears at end
-
VAR 'taking joy' from football says Croatia coach Dalic after loss
-
Death toll hits 10 in Thai monk procession crash
-
Afghans come home but risk exclusion without any ID
-
Asian markets rise as beaten tech stocks enjoy respite from selling
-
'Coincidence of life' says Ronaldo after Jota tribute a year from death
-
'Royal wedding': Swift and Kelce kick off star-studded celebrations
-
Japan face Italy without banned coach Jones
-
Tajik names for Tajik babies: strict rules leave parents stranded
-
Ronaldo, Portugal advance after VAR drama to set up Spain showdown
-
From ketchup to car parts, Cuba gets private sector makeover
-
AI romance scam impersonating Dubai prince ensnares victims
-
'Not easy, but not impossible': Iraq's film industry sees slow revival
-
Portugal advance in World Cup thanks to last-gasp Ramos winner
-
Farrell flattery primes Ireland for Australia clash
-
Mission impossible? England take the World Cup high road against Mexico
-
DOJ's Marijuana Rescheduling Court Filing Sends a Dangerous Message
-
InterContinental Hotels Group PLC Announces Transaction in Own Shares - July 03
-
'I was just missing a goal,' says Spain's Yamal
-
Ukraine, Russia vow escalation as strikes on Kyiv kill 27
-
'Royal wedding': Epic Swift-Kelce fairytale marriage begins
-
Messi meeting the "game of our lives", says Cape Verde coach
-
France's Barcola expecting physical Paraguay clash at World Cup
-
Do not open until 2276: US burying time capsule to mark July 4
-
Sciver-Brunt and Knight send England into Women's T20 World Cup final
-
Scaloni warns Argentina that Cape Verde success 'no accident'
-
Spain power into last 16 at World Cup, Portugal face Croatia
-
Spain ease past Austria with 3-0 World Cup win
-
Emotional Dimitrov enjoys redemptive Wimbledon win over Mensik
-
Endrick says versatility could help Brazil against Norway
-
New York ready for epic Swift-Kelce fairytale wedding
-
Ghana have 'duty to Africa' to progress at World Cup, says Queiroz
-
Rubio says USA 'screwed' by World Cup red card
-
Former Celtics star Brown in shock over trade to 76ers
-
Heat dome roasts eastern US ahead of holiday weekend
-
Progress, further delay risk for Boeing Air Force One: report
-
WHO declares cruise ship hantavirus outbreak over
-
US coach Pochettino '200% Argentine' but embraces Americana
-
Sciver-Brunt and Knight take England to 169-5 in South Africa semi-final
Library Management and Resource Sharing Software Leader Auto-Graphics Inc. has been Acquired by Soutron Global
FONTANA, CALIFORNIA / ACCESS Newswire / March 31, 2025 / Agent Information Software (AIFS), the parent company of Auto-Graphics, Inc., the pioneer of State Interlibrary Loan (ILL) software systems, announced today that it has been acquired by Soutron Global, an internationally recognized SaaS provider of information management and preservation solutions.
The transaction is valued at $12.0 million with proceeds of $10.4 million paid at the close of the transaction and $1.6 million held in escrow and reserve for a potential payment 18 months from the transaction date. This represents a total price per share of $2.34, which is a 111% premium to the closing price as of March 27, 2025, of which, up to $0.35 will be paid in 18 months.
"I am very excited about the future of Auto-Graphics with our new partner Soutron Global", said Paul Cope, President of Auto-Graphics. "After 51 years of working at A-G, a company founded by my grandfather 75 years ago, it was time for me to pass on the reins. Soutron Global is combining the management of the companies to make us stronger, and I am sure they will bring fresh ideas to the combined company. I know the Auto-Graphics team will continue the work to facilitate the lending of library books, digital assets and other resources available to millions of library goers. I have had the pleasure of meeting great customers and working with a staff that are like family. I look forward to watching the next evolution of the company".
"I am incredibly proud that Auto-Graphics, a true pioneer in library management and resource sharing, has chosen Soutron Global as its partner for the future. Auto-Graphics' legacy of innovation and excellence in library automation aligns perfectly with our mission to deliver transformative information management solutions. Their joining forces with Soutron Global is a natural fit, and we are excited to build upon Auto-Graphics' strong foundation and impressive legacy," states Tony Saadat, President & CEO of Soutron Global. "With the support, resources, and expertise of Bloom Equity Partners and Atlasview Equity Partners, Soutron Global is well-positioned to expand our capabilities, continue to advance innovation in the industry and drive even greater value for our clients."
Auto-Graphics solutions include SHAREit, the leading statewide Inter-library loan system, VERSO Integrated Library System that helps Libraries manage their resources and workflow, and MONTAGE, a cloud based digital collections solution.
About Auto-Graphics Inc.
Auto-Graphics, Inc. has been an industry leader in library management and resource sharing software for over 50 years. Auto-Graphics was the first to provide Cloud-based library resource sharing solutions. The company's fully integrated suite of library software products is used in over 6,000 state-wide public and academic libraries throughout North America.
About Soutron Global, Inc.
Soutron Global is an internationally recognized SaaS provider of transformative information management and preservation solutions for archives, libraries, museums and knowledge management hubs. Backed by decades of experience, award-winning leadership and a commitment to innovation, we empower organizations of all types to transform how they organize, access, preserve and deliver their collection assets. From library holdings and proprietary knowledge to cultural artifacts and archival assets, Soutron Global solutions enhance access, preservation and findability. Dedicated to exceeding client expectations, we embrace new challenges and consider our clients' success to be our success.
Telegraph Hill Advisors, a boutique investment bank based in San Francisco that provides merger and acquisition, capital raising, and financial advisory services to emerging growth technology companies was the M&A advisor to Auto-Graphics Inc. on the sale transaction. Stubbs Alderton & Markiles, LLP, Sherman Oaks, CA served as legal counsel to Auto-Graphics, and Reicker, Pfau, Pyle & McRoy, Santa Barbara, CA served as legal counsel to Soutron Global.
Media Contact: Albert Flores
Auto‐Graphics, Inc.
(909) 568 4469
[email protected]
SOURCE: Auto‐Graphics, Inc.
View the original press release on ACCESS Newswire
P.M.Smith--AMWN