BDS Secures Shares Buy-Back
BDS successfully secured funding from Santander UK in July 2020 to support a share buy-back from a legacy minority shareholder. As a result of this development, the majority shareholding lies with the founding directors, Lesley Whyte and Eric Green.
The transaction was secured in just five weeks, with Santander UK completing the deal virtually and electronically during the ongoing pandemic.
“We needed to raise finance to restructure the shareholding of our business to free the company to expand metadata provision to our principal markets, the public and academic library sectors,” said Lesley Whyte, Managing Director of BDS. “Our ambition is to secure comprehensive metadata creation and delivery, irrespective of format, in the UK at a time when library budgets are under pressure and digital resources are more important than ever before.”
The buy-back enables BDS to move forward on a more focused footing with planned service developments, such as its new Academic Library Licence, while consolidating and streamlining the use of metadata standards across library catalogues. It also secures a UK skills-base for internationally recognised cataloguing, which currently supports nearly 70 jobs.
“BDS is an exceptional business and we are delighted to support the whole BDS team with the next phase of their growth journey,” said Richard Mathison, Director Structured Finance, Santander UK.
For more information contact email@example.com.
You can follow Santander @santanderuknews on Twitter.
BDS Chair Retires
Cleve Vine, who has been Chairman of BDS since 1 January 2004, has retired, after a long association with the company. Cleve saw BDS through a process of expansion and integration of services to the book trade as the business grew from metadata provision to libraries, to include physical and… Read more »
Jenny Wright on RDA in Information Professional
BDS Chief Metadata Officer, Jenny Wright has co-authored an article in Information Professional, published through CILIP. RDA: Moving into a new era of metadata management is prompted by the forthcoming introduction of a new version of the RDA standard, due to launch on 15 December. Jenny and her co-authors, Alan… Read more »
BDS Keeps Delivering
BDS is set to maintain service levels during England’s second lockdown, ensuring that the supply chain for books and home entertainment releases continues to receive metadata as libraries, publishers, suppliers and retailers adapt to the ever-changing “new normal”. With different rules and regulations applying across the UK, the metadata that… Read more »
BDS Retains TEiLA Award
BDS has successfully retained the Technology Excellence in Libraries Award (TEiLA). TEiLA is specific to libraries and the library supply chain and is awarded to organisations that demonstrate a commitment to industry standards while deploying technologies identified by BIC as being of benefit to the library sector. “Following the most… Read more »
BDS Appoints Director of Academic Library Operations
BDS has appointed Heather Sherman to a newly created role of Director of Academic Library Operations. The position will allow BDS to address growth within the academic library sector, maintaining the company’s high standards in customer relations while introducing Heather’s vast experience in library systems, technology, physical and digital supply… Read more »