Volume 85 Issue 34 | p. 25 | Concentrates
Issue Date: August 20, 2007

Symyx Will Acquire MDL

Department: Business | Collection: Economy

Lab instrumentation and software developer Symyx Technologies will pay $123 million to purchase much of MDL Information Systems from Elsevier, the scientific publisher. MDL provides database, informatics, and R&D software for 1,000 customers in the life sciences, chemical, and energy industries. The acquisition will add to a business mix at Symyx that includes research services, electronic laboratory notebooks, lab instrumentation systems, and supporting software. "These complementary offerings address a growing market trend, as R&D methods across all industries are undergoing dramatic change," says Symyx CEO Isy Goldwasser. Elsevier will retain the scientific-content-related assets of MDL, including the CrossFire Beilstein, PharmaPendium, and Patent Chemistry databases. Symyx expects to maintain a relationship with Elsevier to support customers. For example, the CrossFire Beilstein database will continue to be available through MDL DiscoveryGate, a Web-based search service.

 
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