*FOR IMMEDIATE RELEASE*

May 16, 2016
Contact: Carol Minton Morris, DuraSpace, <[email protected]>
Meg Blum, LYRASIS, <[email protected]>
Read it online: http://bit.ly/27qU3ia

*LYRASIS and DuraSpace Announce Dissolution of "Intent to Merge"*

*Austin, TX*  Following four months of formal due diligence and six months
of exploration, the Boards of LYRASIS and DuraSpace have decided that a
full merger is not currently the best way for each organization to achieve
its long-term goals. In lieu of a formal merger, LYRASIS and DuraSpace will
continue to pursue more informal collaborations that benefit members and
communities of both organizations while allowing each organization to
remain focused on its mission. This decision is the result of extensive
investigations and good faith due diligence.

Following the decision to dissolve the "Intent to Merge", both
organizations will discontinue the due diligence and public comment phase.

About LYRASIS

LYRASIS (http://www.lyrasis.org), a non-profit membership organization,
partners with member libraries, archives and museums to create, access and
manage information with an emphasis on digital content, while building and
sustaining collaboration, enhancing operations and technology, and
increasing buying power.

About DuraSpace

The DuraSpace (http://duraspace.org) organization is an independent
501(c)(3) not-for-profit providing leadership and innovation for open
technologies and services that promote durable, persistent access and
discovery of digital data and content. More than 2,000 institutions
worldwide use DSpace, Fedora and VIVO open source software which is
supported by DuraSpace members. Our values are expressed in our
organizational byline, "Committed to our digital future."

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