Jose Luis Andrade, Swets president of the Americas, heard the news at about the same time as it was leaked on TechCrunch and on the Elsevier blog on April 8.
inked a deal with Mendeley
in 2012 to power the Mendeley Institutional Edition (MIE) to help universities analyze research activity in real time.
MIE is rumored to account for about one-third of Mendeley's revenues.
says it will be business as usual for Swets'
"The contract we signed is good to 5 years, so we're locked in for a while," he
"We are still the only agent that has the product [MIE]," he says.
"We helped build the product, so it's our product too, and we have a contractual commitment for at least the next 5 years.
, it's still too early to know what Elsevier
will do, but he
calls the Mendeley
staff "good people who have a genuine interest in serving the researchers around the world.
has succeeded in building not only a good customer base, but also the whole social research platform and a road map for the product.
"With Elsevier's money, [Mendeley] will be able to speed up the process and develop the product, which is still relatively new."
"The foundation of [Mendeley] is so solid," says Andrade
"They've built these open APIs for many applications out there that are being used.
Many developers are building on top of that.
as a great addition for a company like Elsevier, especially since university publishers and commercial publishers haven't seen much growth in recent years.
"The average growth rate is about 5% to 6%," says Andrade
"Then, the average increase in journals is about 5% to 6% a year, so it's been flat.
So publishers are looking for new sources of revenue, and Mendeley
stepped in and changed the way we do scientific research, he
Like Elsevier, Springer, Taylor & Francis
, and other publishers will have to reinvent themselves to find new sources of revenue.
"The traditional model is not going to work," he
's ClinicalKey as an innovative product that shows that Elsevier "knows how to build products.
Sure, Elsevier has the content, but its products really stand out, he
says, pointing to SciVerse and Scopus as other examples.
grew through acquisitions, he
says, and now it will grow through its portfolio of new products.
"We had the first MIE in the world, which was actually in Canada, and then we added a few big universities for Mendeley
"It's a great tool for researchers."
One of the biggest obstacles with statistics models in a library environment is trying to measure through COUNTER, which is a very rigid model to calculate download metrics, says Andrade
Researchers can download a full-text article, but they may not actually use it.
Combining other metrics with Mendeley
has the potential to bring it all together, he