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Prenax opens Australian Office
NEWS RELEASE
London, December 2010

In October 2010, Prenax established a permanent Australian operation, Prenax Ltd. Pty., in Melbourne. The office's official opening date is January 10th 2011 and will be headed up by Karin Timuska, a Swedish-born Aussie who has been working in a commercial capacity at Prenax's head office in Stockholm for several years.

Prenax has been operating in Australia for many years from its UK office as well as through its wholly-owned subsidiary Legal Library Services, now fully incorporated into the holding group. Prenax provides book, journal and subscription management services to the majority of Australia's and New Zealand's largest law firms as well as both countries' most important law courts. Furthermore, many universities in both countries use Prenax to acquire and manage international material.

Karin Timuska says, "The opening of an Australian office enables Prenax to support our ANZ clients even better. Relationships built up over the years with customer service representatives will not be affected, but we hope that our new local presence will enable us to get closer to customers and help us understand better our clients' needs".

Having a Melbourne office will also help Prenax build its business in professional and financial services, an area of particular strength and expertise elsewhere in the world for the group.

For further information, please contact:
Karin Timuska on +46 70 831 01 60 or karin.timuska@prenax.com.au



Prenax and Legal Library Services join forces
PRESS RELEASE
London May 6th 2008

Prenax Ltd, a wholly-owned subsidiary of the global subscription agency Prenax Global, has acquired the shares of Legal Library Services Ltd.

“Today is an excellent day for the staff and clients of both Prenax and Legal Library Services. The companies have each forged reputations for service excellence in the legal sector and it makes perfect sense to join forces,” says Robbie Frazer, Prenax’s Managing Director. “By combining our strengths we have created a partnership of best-in-class services for books, loose-leafs and subscriptions supply to law firms and legal departments in the UK and internationally. Both companies have won prestigious service awards in the last couple of years so it’s a marriage of like-minds. Furthermore, with the continued development of our electronic offerings as well as our state-of-the-art consolidation centres, Prenax is now a true one-stop-shop for legal materials and content, support and advice.

Going forward, Legal Library Services will continue as before with all staff, premises and client relationships remaining intact. The Legal Library brand will also be retained.

“Together with the acquisition of a company as strong as Legal Library Services with its extremely talented and experienced workforce and incredibly loyal client-base, there also comes a responsibility to protect and nurture those relationships that have made the brand so powerful. With this in mind we will invest in the Yeovil and Singapore operations and offer customers the extended range of services and technology we now have at our disposal,” says Frazer.

Brian Murray, Founder of Legal Library Services, adds: “We chose to work with Prenax because they demonstrated two things: their commitment to invest in the company and the staff, and their obsession with customer service excellence. I’m delighted that the company will continue to prosper but especially proud that the clients will continue to work with their established account managers. To combine this with being a part of a group that is going from strength to strength means it’s an exciting time for all involved!”

The Prenax Group is a global business-to-business subscription management and business information company headquartered in Stockholm, Sweden. Founded in 1993, Prenax provides services from 9 offices stretching from the USA across Europe to Asia-Pacific. The group has a turnover of $120m.

Legal Library Services, based in Somerset in the southwest of England, is a book, journal and loose-leaf supplier serving the majority of the big names in legal services in the UK. It also has significant business throughout the rest of the world.



Prenax and Basch Subscriptions join forces
PRESS RELEASE
Concord, NH and San Francisco, CA. March 26 2007

Prenax Inc., a wholly-owned subsidiary of the global subscription agency Prenax Global, has acquired the shares of Basch Subscriptions Inc., based in Concord, New Hampshire.

“I am very happy to be able to announce this news today,” says Mats Edlund, President and CEO of Prenax Global. “It is a fantastic opportunity for Prenax to join forces with the successful business of Basch Subscriptions and its founder, N. Bernard “Buzzy” Basch. By combining our strengths we have created a new framework to provide continuing support to Basch and Prenax as serious players in the subscription business.”

“I see in the international span and the size of the Prenax group, opportunities to broaden and strengthen service options for our customers,” says Mr. Basch. “The commonality of focus and service orientation were key to the decision to join forces with Prenax. Both companies excel in providing premier service.”

“Prenax and Basch Subscriptions have both been recognized for service excellence and each company is blessed with talented and motivated teams and a loyal customer base. State-of-the-art Customer Service will remain the premier focus for both operations,” Mr. Basch says.

“Buzzy’s commitment to continue as President of Basch Subscriptions and to join the management team of Prenax Global was a significant factor in the acquisition decision”, Mr. Edlund noted.

Going forward, both Basch Subscriptions and Prenax, Inc. will continue as separate entities. There will be no merger of brands, and customer service and systems will continue as before.

The Prenax Group is a global business-to-business subscription management company headquartered in Stockholm, Sweden. Founded in 1991, Prenax maintains operations in Sweden, the United States (New York, Boston, San Francisco), the United Kingdom, and France.

Basch Subscription Inc, based in Concord, NH, is a subscription management company founded in 1995. Basch serves the government, medical, and corporate markets, and academic, public, and school libraries.

For further information, please contact:
N. Bernard “Buzzy” Basch, President, Basch Subscriptions Inc, Phone 603 225 5109
Mats Edlund, President, Prenax Global, Phone +46 8 505 521 00



Best Customer Service Award
November, 2006

Prenax, the international subscription agency, wins the FreePint award for Best Customer Service Team at the annual International Information Industry Awards 2006/7. The award is voted for by information professionals to recognise excellence in customer service.

John Sergeant, previously the BBC’s chief political correspondent, announced the winner to a packed room of dignitaries at the Royal Lancaster Hotel, London.

Upon presenting the award William Hann, Managing Director of FreePint, announced that Prenax had received over half of all votes in order to take the prize.

Robbie Frazer, Managing Director of Prenax, added,

“For a company whose product is the service, to win this customer service award is wonderful. I would personally like to thank all our customers who voted for us.”

By offering a high level of customer service Prenax has become a leader in servicing the legal and financial services. Prenax is now being asked to deliver the same high level of customer service to many academic institutions.

Previous winners of the award include: Factiva (2002), xrefer (2003), STN Agency UK and Ireland (2004) and Bureau van Dijk (2005).



Introducing Prenax BooksSM
New York, NY – July 6, 2006

In response to growing client demand and an overall market need for a business-to-business book and subscription provider, Prenax is proud to announce the launch of Prenax BooksSM.

With access to over 1.5 million English language books and several strategically located warehouses, clients will enjoy ample in-stock supply and expedited delivery times.

In order to ensure service continuity and ease of use, clients will be able to call upon their existing Account Manager, who handles their subscription business, to handle their book business as well. As an added benefit, invoices will show book purchases alongside subscription purchases.

With opportunities for Bulk Discounts, fast turnaround and delivery times, multiple shipping options and e-mail order confirmation, Prenax BooksSM is the clear choice for streamlining an organization’s book purchases.

“By adding Prenax BooksSM to our product line, we take another step toward becoming a true one-stop-shop for our clients. Now Prenax is able to streamline the purchase, approval and administration of books and subscriptions,” said Michael Sholin, President of Prenax, Inc.

Prenax, a B2B subscription management company, was founded in Stockholm, Sweden in 1993. During the fall of 1999, Prenax expanded its operations by opening an office in the United States and later, during the spring of 2000, opened additional offices in the United Kingdom and France. Today, the Prenax Group consists of dedicated people, within four different countries, all focused on enabling organizations to streamline the purchase, approval and administration of employee subscriptions. Within the United States, Prenax, Inc. services its clients from offices in San Francisco, Boston and New York City.



SLA Annual Convention – Baltimore, MD
Baltimore, Maryland - May 24, 2006

Prenax will be exhibiting at the SLA Annual Convention in Baltimore, MD. To visit Prenax, you may stop by booth #1213 during the following schedule:

Sunday, June 11 – 12:00 P.M. to 6:45 P.M.
Monday, June 12 - 10:00 A.M to 4:45 P.M.
Tuesday, June 13 - 10:00 A.M to 4:45 P.M.

To find out more about the Annual Convention:
http://www.sla.org/content/Events/conference/ac2006/index.cfm



Prenax France acquires IS Abonnements
Paris - January 23, 2006

P R E S S R E L E A S E

Prenax SAS, – the Paris-based subscription agency – has acquired all shares in IS Abonnements. Through this acquisition, Prenax SAS doubles in size and increases its capacity to serve clients all over France.

“We have been talking to IS Abonnements and its founder, Alain de Maistre, for some months and I am very pleased that today we can announce this acquisition,” says Jérôme Conquet, Country Manager, Prenax SAS. “For thirty years, IS Abonnements has built a strong reputation in the French market. This success is demonstrated by its constantly increasing revenue. Prenax and IS Abonnements share the same values: customer satisfaction, service reactivity, and staff availability, attributes that will ease both teams’ integration,” Conquet continues.

“By merging the two companies and taking best practice from both, we will now become an even stronger organisation. By becoming a part of an international group like Prenax, IS Abonnements can benefit from other countries’ experiences and that will directly benefit customers for their foreign subscriptions,” Alain de Maistre of IS Abonnements says.

“Prenax has been the fastest growing player in the market for several years and this operation confirms our willingness to keep on in that direction. We will have the capability to serve even the largest organisation in the market,” Conquet concludes.

“I am very pleased that Prenax and IS Abonnements are now putting their strengths together in the French market,” says Mats Edlund, Chief Executive Officer of the Prenax Group. “Prenax has been successfully established in France since 2000 and the company has been very successful in establishing the Prenax brand as one representing outstanding service and quality. I am convinced that the acquisition of IS Abonnements will confirm our position as quality leader even further.”

The Prenax Group is an international subscription management firm with its head office in Stockholm, Sweden, and was founded in 1991. The group is represented in France, the United Kingdom, the United States and the Nordic countries.

IS Abonnements founded in 1976 is a French subscription management firm with its head office in Paris France.

For further information, please contact:
Jérôme Conquet
Alain de Maistre
Phone : + 33 1 55 17 77 00 or +33 1 53 20 38 90



Prenax Punchout compatible with Oracle’s iProcurement
San Francisco, California – November 14, 2005

On Monday, November 14, 2005, Prenax received its first order via Oracle’s iProcurement.

At the request of a major diversified technology and manufacturing company (one of the components of the Dow Jones Industrial average), Prenax enabled Prenax Punchout to be compatible with Oracle’s iProcurement application.

Now employees can search Prenax’s catalog for newspapers, magazines, memberships and journals, electronically taking their purchase requests back through their company’s own, electronic approval flow. Once a request has been approved, Prenax receives authorization to execute the order on the employee’s behalf.

Like Prenax’s standalone application, Prenax Online, Prenax Punchout allows employees to:

  • Place new orders
  • Renew subscriptions electronically
  • Generate activity-based reports
  • Submit claims for missing or damaged issues
  • Make address changes and more

    “By enabling Prenax Punchout to accept orders from Oracle, Prenax has taken another major step toward streamlining the purchase, approval and administration of subscriptions,” said Michael Sholin, President of Prenax, Inc.

    Oracle and iProcurement are the legal property of the Oracle Corporation.

    Prenax, a B2B subscription management company, was founded in Stockholm, Sweden in 1993. During the fall of 1999, Prenax expanded its operations by opening an office in the United States and later, during the spring of 2000, opened additional offices in the United Kingdom and France. Today, the Prenax Group consists of dedicated people, within four different countries, all focused on enabling organizations to streamline the purchase, approval and administration of employee subscriptions. Within the United States, Prenax, Inc. services its clients from offices in San Francisco, Boston and New York City.



    New England State of Mind
    Boston, Massachusetts - March 7, 2005

    Prenax is pleased to announce that Heather Blaine has recently joined Prenax as the Regional Account Manager for the New England territory.

    Heather brings over eight years of industry experience, successfully working with academic and corporate clients alike. Prior to joining Prenax, she worked at Blackwell Publishing as a Journal Sales representative. Heather also spent several years at the Gale Group in various sales and customer training roles. She has a BA from Clark University and is pursuing a Masters in Business Administration from Boston College.

    "I am pleased that Prenax's clients now have a local representative. Attention to detail, responsiveness and personalized service have been critical to our success within the United States. Since Heather's personality and style embody those attributes, I am certain that she will be a fantastic addition to the Prenax team." Michael Sholin, President & CEO of Prenax, Inc.

    In her new role as Regional Account Manager, Heather is charged with new business development within the New England territory. Those dissatisfied by recent industry unrest and competitor complacency will now have Prenax and Heather Blaine as their solution.



    97% of clients respondents rate Prenax either GOOD or VERY GOOD
    December 13, 2004

    Prenax is proud to announce that the results of its 2004 Client Survey are in and Prenax has scored very well.

    Recently, Prenax sent a survey to all of its clients. The intent of this survey was two-fold:
  • To provide clients with a forum to voice their opinions and provide improvement suggestions and,
  • To track Prenax's ongoing progress, especially since the 2003 survey.

    Prenax is pleased to report an overall increase in client satisfaction. In fact, four key indicators in the 2003 survey show that Prenax has improved, on average, by 6% over 2003.



    Putting subscription spend in the hands of end-users
    San Francisco, California - September 1, 2004

    A big problem for corporations is getting purchasing decisions and administration in the hands of the subscribers. In response, Prenax announces that its clients may now use e-procurement technologies to manage their subscription spend.

    On Friday, August 27, 2004, Prenax received its first order through iBuySmart, Ariba's e-procurement application. By expanding on the current capabilities of Prenax Online, Prenax's subscription management application, Prenax has improved its online capability for managing renewals and administrative changes. "We already had a great tool for managing subscriptions, it was just a matter of fusing the best of Prenax Online's existing capabilities with the unique requirements of an end-user environment," said Michael Sholin, President of Prenax, Inc. He went on to say that the development process was, "a collaborative effort, including assessment from the Corporate Library, Procurement and the IT Staff."

    The first Prenax client to utilize iBuySmart for placing subscription orders is one of the world's leading investment banks, headquartered in New York City. "Engaging in such a technically demanding project is always risky, but we knew that when we provided a solution for the market leader, it would clearly demonstrate Prenax's commitment to the corporate marketplace. At Prenax, the corporate market is not an afterthought, it's our core client base," Michael went on to say.

    Prenax is currently in the testing phase with its second client scheduled for the e-procurement solution, a San Francisco-based brokerage firm.

    Ariba and iBuySmart are registered trademarks of Ariba Inc.
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