RELX NV
Mendeley, part of the Reed Elsevier group, announced today its upcoming move to an exciting new office at the heart of London's Tech City as the company continues to experience surging growth.
Since being acquired as a start-up by Elsevier (a division of Reed Elsevier) in 2013, Mendeley has experienced outstanding business growth both through new hires and integration with Elsevier teams, as joint products are developed for the millions of researchers who routinely use their platforms, services and workflow tools.
Mendeley will be moving to Resolution Property's Alphabeta development in Shoreditch, where it has taken a 10-year lease on a 19,000 sq ft office in London's Tech City. Mendeley had 40 employees when the Company was acquired in April 2013, and expects to triple that number by the end of 2015.
With special features including a digital user testing facilities as well as Tech City workspace staples such as yoga room, basketball court and a ramp that allows cyclists to ride directly into the building, Alphabeta has been designed to enable agile working practices for the Company's expanding software development teams. It reflects Mendeley's changing needs as it continues to innovate and recruit new employees.
"Since Mendeley's acquisition by Elsevier last year, our team has nearly doubled in size. At the same time, we're also working closely with various Elsevier teams to drive new features - especially around social and recommendations - and integration that translates into better tools and functionality for all our users," said Jan Reichelt, President and Co-Founder of Mendeley. "AlphaBeta is ideal in providing a dynamic collaborative working environment right at the heart of London's TechCity, across from Google Campus and Amazon's new European HQ. It's an investment that reflects how committed Elsevier is to driving forward our joint vision of building a global research collaboration platform."
Integration with Elsevier has advanced Mendeley's mission to help students and academics accelerate the pace of scientific discovery. One early example of this has been the enhanced cross-functionality and access to research from Elsevier's ScienceDirect and Scopus, two of the world's largest scientific and medical databases, which contain tens of millions of articles, abstracts and citations. Over the past 18 months the Company has also started developing its much-requested Android app, done significant work in improving its social and recommendation features and launched a new API which will better enable third-party developers to build applications on the platform.
"Since we started working together with Mendeley we realised just how much fantastic potential there is for using our combined talent and resources to accelerate innovation for the benefit of the research community," said Fernando Fanton, SVP Global Product and Technology at Elsevier. "Engineers, data scientists and product managers from across Mendeley and Elsevier are working together on some very exciting features. This move to Alphabeta is enabling us to continue to attract top talent and work collaboratively in a fast-paced, fun environment."
Jacob Loftus at Resolution Property said:
"Mendeley is a young, high-growth digital business, which will sit well within the Alphabeta community. Future lettings will add to the mix of digital and media companies, underlining the building's appeal to a new generation of creative business seeking a Shoreditch base with a City interface."
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Notes to editors
About Mendeley
Mendeley is a global collaborative research platform with over 3m users worldwide. It offers a suite of cloud-based tools which help scholars to discover content, organise their papers, manage citations and connect with other researchers around the world. Mendeley's API and dedicated developer portal also supports hundreds of third-party applications that make science more social and open. Following its 2013 acquisition by Elsevier, a world-leading provider of scientific, technical and medical information products and services, Mendeley continues to experience strong growth and expansion within the London technology sector, and is actively recruiting across all areas. For the latest vacancies, visit the Mendeley Careers Page and see what life is like at the company on our YouTube channel.
About Reed Elsevier
Reed Elsevier Group PLC is a world leading provider of professional information solutions. The group employs about 28,000 people of whom half are in North America. Reed Elsevier Group PLC is owned equally by two parent companies, Reed Elsevier PLC and Reed Elsevier NV; the combined market capitalisation of the two parent companies is approximately £21bn/€27bn. Its shares are traded on the London, Amsterdam and New York Stock Exchanges using the following ticker symbols: London: REL; Amsterdam: REN; New York: RUK and ENL.
About Resolution Property
Resolution Property creates inspiring places in stimulating environments, from cutting-edge workspaces for creative companies to urban loft apartments in happening quarters of London. Grounded in experience of some of Europe's most successful urban development projects, Resolution's creative office developments offer bespoke workplaces that defy the conventions of the commercial property market. Resolution recognises that creative companies thrive in stimulating environments, not in run-of-the-mill offices. Resolution Property was founded in 1998 with the specific aim of investing in UK and European commercial real estate that offers scope for high returns through a combination of good initial stock selection, active management, refurbishment and redevelopment potential.
www.resolutionproperty.com
Media Contacts
Alice Atkinson-Bonasio, Mendeley
+44 (0)7824 811794
alice.bonasio@mendeley.com
Paul Abrahams, Reed Elsevier
+44 (0)207 166 5724
paul.abrahams@reedelsevier.com
Dominic Morgan, Transmitter Communications Ltd
+44 (0) 7775 518587
dominic.morgan@transmittercommunications.com
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