|Weekly News Digest
February 5, 2001 — 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 ITI’s Twitter account: @ITINewsBreaks.
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NewsEdge Signs Agreement with Business.com
NewsEdge Corp. has announced it has signed an agreement with Business.com, a Web-based business information resource. Under the agreement, NewsEdge will license its proprietary indexing technology and human review process—the NewsEdge Refinery—to Business.com. NewsEdge will also provide Business.com with approximately 1,000 real-time topics, making syndicated content instantly available to Business.com users.
"Our agreement with Business.com underscores the value of the NewsEdge core technology and proprietary editorial process," said Cliff Pollan, NewsEdge's CEO. "For years we have made news valuable for our customers by packaging our technology, taxonomy expertise, and syndicated content with timely delivery. By decoupling our unique technology from our content and infrastructure service, we're able to help Business.com make their own comprehensive content better organized and, therefore, even more valuable for visitors to their business resource site."
Business.com has licensed NewsEdge Refinery technology to help automate a process that normalizes, filters, enhances, categorizes, and tags news. The new technology will initially provide Business.com with news on more than 20,000 companies, 1,000 industries, and 500 businesspeople.
The Business.com revenue model is primarily advertising-based, but the company plans to generate revenues through sponsorships, subscriptions to premium content, and other value-added services.
For more information about Business.com, see the October 2, 2000 Weekly News Digest at http://newsbreaks.infotoday.com/wndReader.asp?ArticleId=17738.
Source: NewsEdge Corp.
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