Ingenta new developments and finances

Citation

(2005), "Ingenta new developments and finances", Interlending & Document Supply, Vol. 33 No. 1. https://doi.org/10.1108/ilds.2005.12233aab.002

Ingenta new developments and finances

See also the article by Doug Wright on Ingenta in the last issue of ILDS. Ingenta continues to be busy. It has launched IngentaConnectPremium – an-e-mail alerting service and customised gateway for libraries priced at US$495. This is part of its rebranded IngentaConnect advertised on their web site as, “The most comprehensive collection of academic and professional publications” – which is over egging the pudding just a bit. The new site replaces Ingenta.com and IngentaSelect.They have also announced that …

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  [Ingenta has] stabilised its revenues in the year to September 2004, with sales in the six months ended 30 September 2004 being broadly in line with results in the previous six months. This reversal of the prior trend of declining revenues, together with steady margins and lower costs, has produced an improved net trading performance and expects to produce near breakeven results in the current quarter to 31 December 2004

More management changes as well …

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  The Board has concluded it is the right time for a change in the mix of skills within the management team and structure to ensure the delivery of the Group’s 2005 and 2006 plans. As a result, Simon Dessain (currently Chief Operating Officer) has been appointed Chief Executive and Mark Rowse, founder and current CEO, is taking up a non-executive position on the Board and will continue to work in the business on a part-time basis pursuing new business and corporate development activities, as well as supporting the management team in high-level client and partner relationships.

Source: Ingenta press release 13 October 2004