Symyx Technologies to Acquire MDL Information Systems from Elsevier

Symyx Technologies to Acquire MDL Information Systems from Elsevier

Symyx Technologies, Inc. (Nasdaq:SMMX) today announced it has entered into a definitive agreement to acquire certain content and software products of MDL Information Systems for $123 million in cash (subject to a working capital adjustment) from Elsevier Inc.

Through this acquisition, Symyx will become a leader in R&D informatics with:

— expanded portfolio of complementary, integrated desktop and enterprise R&D informatics offerings, including software, content, systems and services essential to critical R&D activities in the life sciences, chemicals and energy industries

— expanded market presence consisting of long-standing relationships with over 1,000 customers and approximately 50,000 users

— expanded, global sales, marketing, distribution and customer support infrastructure

— deep technical expertise to advance MDL’s industry-leading informatics, database and workflow solutions to meet customer needs