The University of Pennsylvania Libraries has released "Penn Libraries to End Partnership with bepress."
Here's an excerpt:
In August, bepress sold their company to Elsevier, a business with a history of aggressive confidentiality agreements, steep price increases, and opaque data mining practices. In their acquisition of bepress and other companies like SSRN and Mendeley, Elsevier demonstrates a move toward the consolidation and monopolization of products and services impacting all areas of the research lifecycle.
We are worried about the long-term impacts from these acquisitions and are concerned that such changes are not in the best interests of the library community. Therefore, we feel obligated to begin exploring alternatives.