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Weekly News Digest

November 4, 2002 — In addition to this week's NewsBreaks article and the monthly NewsLink Spotlight, Information Today, Inc. (ITI) offers Weekly News Digests that feature recent product news and company announcements. Watch for additional coverage to appear in the next print issue of Information Today. For other up-to-the-minute news, check out ITIís Twitter account: @ITINewsBreaks.

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Inxight Acquires WhizBang! Labs

Inxight Software, Inc. announced that it has acquired the technology assets of WhizBang! Labs, Inc. of Provo, Utah. This strategic acquisition, the first following the company's recent $22 million investment round, extends the company's text analysis, classification, and retrieval capabilities.

In 2003, Inxight will incorporate the WhizBang! Labs fact-extraction technology into Inxight SmartDiscovery, the company's solution for automating the discovery and retrieval of unstructured text data. Inxight will also evaluate software-licensing opportunities for the WhizBang! Labs technology.

Inxight also announced an agreement with Intelliseek, a developer of smart-search technology and applications, in which Intelliseek will license WhizBang! Labs technology from Inxight to provide advanced information extraction services to its customers.

In May 2002, WhizBang! ceased operations but did not declare bankruptcy. Bob Sherwin, its president and CEO, retained the company's intellectual property and sought a buyer. WhizBang! Labs was founded in 1999 by Sherwin, Berkeley Geddes, and Dallan Quass. It is known for its first product, FlipDog, which was sold to Monster.com. [See http://newsbreaks.infotoday.com/nbreader.asp?ArticleID=17168.]

Source: Inxight Software, Inc.



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