This is an interesting development with Elsevier, often the bane of libraries' budget decisions. I wonder what impact this will have on my project at NCSU where I will focus on development of Graduate Student and Faculty Spaces and Services in the Research Library. Verbiage-wise, this is a perfect match with what a research and graduate commons should do, but historically Elsevier has been the imperfect match for many libraries.
Press Release Blurb (lifted from TechCrunch)
Elsevier, a juggernaut of a global publisher of scientific, technical, and medical information products and services, announced today the acquisition of assets from Collexis, a developer of semantic technology and knowledge discovery software.
According to Elsevier, the combination of Collexis’ semantic technology and its own content will provide institutions and researchers new ways to collaborate, showcase accomplishments and improve grant related workflow efficiencies.