The Canadian Research Knowledge Network, which has 73 academic institutions as members, has completed three-year license agreements worth $140 million with 14 scholarly publishers. It is estimated that over $40 million was saved compared to institutional licenses for comparable content.
Here's an excerpt from the press release:
Despite major financial constraints and uncertainty worldwide, CRKN continues to meet its goals of providing high-impact content for over 850,000 university researchers and students across the country. “This achievement signals CRKN’s contribution to a fertile research environment in Canada, and ability to maintain advantageous terms and price predictability in spite of turbulent economic conditions,” states Deb deBruijn, Executive Director. “Through strong arrangements with vendors, member participation in these national agreements has been largely maintained from the previous period, and has even grown on some agreements, across all sizes of universities.” Please refer to the Backgrounder for publishers, products and participation levels.
CRKN members have taken advantage of new flexibility offered in the renewal as multiple agreements have been unbundled by CRKN, allowing members to tailor their participation in each separate agreement. Members’ return on investment is high through these agreements. A conservative estimate reflects savings of between 15% to over 50% within the national agreements compared to institutional prices for comparable content, representing savings of over $40 million over a three-year period. In addition, members derive value through superior price protection with caps on annual increases set below market norm, expanded usage terms through the CRKN model license agreement, and the most strategic influence with publishers regarding future services and developments. . . .
In keeping with the International Coalition of Library Consortia (ICOLC) Statement on the Global Economic Crisis and its Impact on Consortial Licenses, CRKN seeks to work with strategic partners that demonstrate flexibility, competitive pricing models, and delivery of long-term value. Vendors with whom CRKN works have shown their commitment to members by providing flexible payment terms, making cost containment a priority, and developing forward-looking ways to add value to the relationship. For example, several vendors will now provide support for Shibboleth, an open-source implementation for identity-based authentication and authorization, and will also participate in the recently-implemented Canadian Access Federation, which will provide federated access management services for identity providers (including universities and libraries) and service providers (such as publishers).