Here's an excerpt:
With funding from The Andrew W. Mellon Foundation, the Open Library Environment project (OLE Project) convened a multi-national group of libraries to analyze library business processes and to define a next-generation library technology platform. The resulting OLE platform is predicated on Service Oriented Architecture and a community-source model of development and governance. Over 300 libraries, educational institutions, professional organizations and business participated in some phase of the project. Using input from those participants, the project planners produced an OLE design framework that embeds libraries directly in the key processes of scholarship generation, knowledge management, teaching and learning by utilizing existing enterprise systems where appropriate and by delivering new services built on connections between the library's business systems and other technology systems.
The OLE Project met all of its objectives and was completed on time and within budget. Project members are now in discussions with potential investing partners who will develop and deploy this new library technology platform. Although this is an especially difficult time for libraries to launch new projects and commit funding for them, project planners continue to hear from the library community that it is more critical than ever to create the technology infrastructure that can help libraries serve as a primary nexus of scholarly information management.