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Weekly News Digest

May 7, 2007 — 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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Reuters to Acquire ClearForest

Reuters (www.reuters.com) announced it has entered into an agreement to acquire all of the outstanding shares of ClearForest, Ltd. (www.clearforest.com), a privately held provider of text analytics solutions, whose tagging platform and analytical products are designed to allow clients to derive precise business information from huge amounts of textual content.

ClearForest has received sufficient shareholder approval to complete the transaction, which is expected to close in about 30 days, subject to customary closing conditions. The financial terms were not disclosed. Reuters plans to retain and continue to work with the existing management team and their work forces in Waltham, Mass., and Israel. It also plans to continue to support existing products and customers. ClearForest’s current customers include The Dow Chemical Co., Elsevier Science, Dow Jones & Co., Thomson Financial, and International Finance Corp.

Reuters said it believes that search will be a pivotal element to the future of how financial information is sourced and consumed. As part of its drive into this space, it has created a new strategic group within Reuters and appointed former head of search for AOL, Gerry Campbell, who will oversee the integration of ClearForest and drive this innovation.

Source: Reuters



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