Main event. Definitely.
Elsevier's acquisition of the open access journal article and working papers repository and online community Social Science Research Network (SSRN) is definitely a case of Elsevier tipping their hand and giving us all a peek at their real long term strategy.
Much more so than their whack-a-mole antics with Sci-Hub and other "pirate" services.
One of the big hints is how they've tied it's acquisition so closes with their last important, strategic acquisition -- Mendeley. Another hint is that they also tie it in to one of their cornerstone products, Scopus.
From the announcement:
When Elsevier acquired Mendeley three years ago, many people wondered how well it would work out — including our team at the Social Science Research Network. SSRN has similarities to Mendeley, and many differences, but we share a common vision of improving researchers’ lives, and doing that together within Elsevier makes complete sense.
Together, SSRN and Mendeley can provide greater access to the growing base of user-generated content, build new informational and analytical tools and increase engagement with a broader set of researchers.
SSRN will benefit from access to Scopus citation data and an ability to link working papers to their published versions with direct forwarding links. We’ll also have access to Elsevier’s broader collection of metrics and data analytics, which we can share with SSRN authors, readers and users.
The research services division that products like Mendeley, Scopus and now SSRN belong to are a completely different beast than the much-maligned journals division. By contrast, this research services division seems much more nimble and user focused, with a laser-like aim towards the future rather than the past. I think that they reflect more where Elsevier wants to be in ten or twenty years, focused on providing high-value services to researchers and institutions rather than still weighed down by the legacy subscription business. They see that the old fashioned soak-libraries-for-all-they're-worth business model is (very) slowly becoming an albatross, a dodo bird. They're not the rapacious bullies and "Evil Empire" types, but more coolly rational and calculating. (Tywin Lannister vs. Ramsay Bolton, if you'll forgive the Game of Thrones analogy.)
So yes, maximize the soaking, drain every last dollar (Euro, Pound...) from libraries, wage a rear-guard battle against pirates as a massive feint maneuver to distract from the real front.
Services, services, services.
Elsevier has been the dominant player in the scholarly communications space for a very long time. They've masterfully figured out how to keep the money flowing down hill in their direction. They have no intention of surrendering their dominance. In a new, more open environment, they want to maintain that hegemony. And keep the money flowing.
As my favourite rock band put it so succinctly, "Meet the new boss. Same as the old boss."
As is my habit, I'm including below some links from the last couple of days with various commentary about the SSRN acquistion. If I've missed anything significant, please feel free to mention it in the comments.
The first few especially provide a more detailed overview of the facts, issues and immediate implications than I attempt to above.
- SSRN—the leading social science and humanities repository and online community—joins Elsevier (Elsevier annoucement)
- From The Desk of Michael C. Jensen, Chairman [of SSRN]
- It’s the Data, Stupid: What Elsevier’s purchase of SSRN also means
- Platforms and Profits
- RePEc is independent and cannot be bought
- SSRN, Elsevier and the future of scholarly infrastructure.
- Elsevier purchase SSRN: Social scientists face questions over whether centralised repository is in their interests.
- Academic Publishing Meets Open Access
- Et tu SSRN?
- Elsevier bought SSRN to increase its profits, plain and simple
- Elsevier buys SSRN
- Elsevier Acquires SSRN
- SSRN has been captured by the enemy of open knowledge.
- Disappointing: Elsevier Buys Open Access Academic Pre-Publisher SSRN
- Social-sciences preprint server snapped up by publishing giant Elsevier
- Mega-Publisher Elsevier Is Buying an Open Research Site. That's Bad for Science
- SSRN Acquired by Elsevier
- SSRN sold to Elsevier: From open access to the worst legacy publisher
- Mendeley welcomes the SSRN Community!