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Startup Ex Libris changes hands for second time By Galya Yemini Tags: investment fund, Israel The U.S.-based investment fund Francisco Partners investment fund has sold its holdings in Jerusalem-based Ex Libris to another American fund, Leeds Equity Partners, for an estimated $170 million. Francisco had paid just $62 million for the company in 2006. Ex Libris has developed a suite of library automation solutions for academic, research and national libraries. Leeds Equity Partners, a New York-based private equity firm, manages the largest equity fund focused on investing in education, training and related business services and information industries, know broadly as the 'knowledge industry'. Ex Libris software provides solutions to assist in locating electronic sources on the Internet, and increases accessibility to archived materials. The firm's software is installed in leading universities, research and national libraries world wide, including Oxford University in Britain, which operates the Israeli software in all of its 100 libraries, as well as the US Library of Congress. Advertisement Laura Gilinski, director of the company's Corporate Marketing Communications, said that the 400 employees in Jerusalem, headed by Matt Shem Tov, are not expected to be affected in the company's day-to-day operations. Ex Libris was founded in 1983 within the Hebrew University in Jerusalem. It raised just $4 million funding in 1998 from the Walden venture capital fund and from Tamar Technology Holdings, when it began developing new advanced applications for libraries, and became shareholders along with the Hebrew University's patent commercialization company and employees, who all enjoyed the fruits of a lucrative exit when the company was sold to Francisco Partners in 2006. Bookmark to del.icio.us   Staying out Rice on possible IDF Iran strike: U.S. has no veto over Israeli military operations. Ganei Tallywood Hamas transforms former Gaza settlement into movie lot.

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