readcubeOur portfolio company ReadCube, best known for their innovative software serving researchers, publishers, academic and commercial organizations, today acquired Papers from global academic publisher Springer Nature. The business will be headed by Robert McGrath, CEO at ReadCube.

For those of you that don’t know, Papers is a London-based, reference manager tool which helps researchers find and organize a personal library and cite research literature. Borne out of academia, (just like ReadCube which was developed by Harvard researchers) Papers was created by postdoctoral researchers at the Netherlands Cancer Institute for researchers. Its founders set out with an identical goal to ReadCube’s: to enable academic and scientific researchers to organize, read, cite and share research material from the growing mountain of electronic papers and articles available to them.

Robert McGrath, CEO and co-founder of ReadCube says of the news:

“For some time we’ve admired Papers’ award winning app for the Mac. Today we are proud to add Papers to the ReadCube portfolio of solutions for researchers.

We look forward to working with the Papers user community to continue to build on the impressive work the Papers team has done to date.  It is through close collaborations with researchers, publishers, and institutions that ReadCube and its solutions in this space are helping connect data, facilitate discovery and improve the accessibility of literature.  Through this acquisition we hope to accelerate the pace of discovery.”

You can find out more about ReadCube here, and you can follow them on Twitter: @ReadCube.