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Weekly News Digest

December 26, 2000 — 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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Wolters Kluwer to Acquire Loislaw

Wolters Kluwer, the Dutch publisher and information-services company (http://www.wolterskluwer.com), and Loislaw.com, Inc., the U.S.-based online provider of legal information (http://www.loislaw.com), announced that they have entered into a definitive agreement for the sale of Loislaw.com to Wolters Kluwer for about $95 million. When the sale is completed, Loislaw will become a unit of Aspen Publishers of Gaithersburg, Maryland, a provider of legal, business, and healthcare information, and a Wolters Kluwer North America company.

Loislaw is a national provider of primary and secondary source material for legal research that's delivered on a subscription basis over the Internet. Loislaw offers more than 2,200 databases and citation research services, containing more than 10 million documents, covering federal case law, statutory law, administrative law, court rules, and other legal information for the U.S. as well as for all 50 states and the District of Columbia. Its LOIS LawWatch provides personalized, intelligent search agents that automatically and continuously search the Loislaw Web site and notifies subscribers when new documents match their search criteria. Loislaw's GlobalCite allows users to scan all of its databases to find documents that have cited the document the user is viewing.

According to the company, Loislaw's primary subscribers are mid-sized and small law firms (typically with fewer than 20 lawyers), corporate legal departments, and judges. In addition, the company provides Loislawschool.com to faculty and students in 95 percent of the American Bar Association-accredited law schools.

Aspen currently publishes a range of practice-focused books, newsletters, CD-ROMs, and online services. Aspen's analytical legal materials will be complemented with the addition of Loislaw's source data. The acquisition serves to provide Loislaw with the backing to compete in the legal information marketplace against larger and more established services.

Source: Wolters Kluwer and Loislaw.com, Inc.



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