Publisher Elsevier has announced its acquisition of academic social network Mendeley, which allows academics and organisations to collaborate and organise their research, for a rumoured £65m.
The London based network, which was launched in 2009 by three PhD students, has over two million members and the buy-out will see the ‘freemium’ aspect expand; allowing the free storage level for users up to 2GB.
Victor Henning, PhD, co-founder and CEO of Mendeley, said: “Our vision is to make science more collaborative and open, and now we have the support of the world’s largest science information provider, whose resources will enable us to accelerate our progress towards this vision. Above all, we will remember what has made Mendeley a success: ensuring that everything we do makes our users’ lives easier.”
Olivier Dumon, managing director of academic and government research markets at Elsevier, added: “We intend to scale and evolve Mendeley in ways that benefit the entire research community. We will provide greater access to content, data, and analytics tools to Mendeley’s users and its flourishing third-party app ecosystem, all of which will enable us to increase both Elsevier’s and Mendeley’s engagement with researchers.”
Elsevier publishes journals such as The Lancet and Cell.