Silverchair Announces Aggressive Strategic Growth Plan, Focuses Strategy and Resources Through Divestiture
Proceeds of the divestiture will be used to fund growth opportunities for Silverchair’s principal business: Silverchair Information Systems (Silverchair), which provides advanced semantic product development solutions to scientific, technical, and medical (STM) publishers, professional societies, and the federal government. Unprecedented market demand for Silverchair’s new platform offering, SCM6, has created an opportunity to invest significant additional executive and financial resources in its groundbreaking technology. The divestiture of SLS will enable Silverchair to calibrate its vision and resources by accelerating technology investments, maximizing market opportunities, and building market share in the STM information and knowledge management space.Information industry analyst Outsell’s recent report on STM publishing platforms identifies the launch of SCM6 as one of the reasons behind the “significantly accelerating innovation and change for the STM publishing platform.”