|Weekly News Digest
January 9, 2006 — 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 Adds Medical Point-of-Care Solutions
Wolters Kluwer (http://www.wolterskluwer.com) announced plans to acquire ProVation Medical, Inc. (http://www.provationmedical.com), a privately held company based in Minneapolis that provides medical documentation, coding, and work flow solutions to hospitals and ambulatory surgery centers in the U.S. ProVation Medical will become part of Wolters Kluwer Health's Clinical Tools unit, which provides embedded content tools to pharmacies, hospitals, insurers, and healthcare vendors. Under the brand names of Medi-Span, Facts & Comparisons, and Clineguide, these tools provide information on drug interactions and dosing, formulary guidelines, and evidence-based treatment plan options at the point of care. ProVation's software suites for procedure documentation and coding compliance are designed to replace the inefficient dictation/transcription approach and streamline the coding process to back-end coding reviews.
In addition to these core ProVation offerings, the ProVation platform will enable Wolters Kluwer Health to further pursue its strategy of providing the healthcare market with embedded medical content and work flow solutions at the point of care. The acquisition will be finalized in the next 30 days, pending approval of ProVation Medical shareholders. Terms of the acquisition were not disclosed. ProVation Medical's 101 employees, including 10 physicians, will become part of the Wolters Kluwer Health team and will remain based in Minneapolis.Source: Wolters Kluwer
Thomson to Acquire Quantitative Analytics
The Thomson Corp. (http://www.thomson.com) announced that it has signed an agreement to acquire privately held Quantitative Analytics, Inc. (QAI; http://www.qaisoftware.com), a Chicago-based provider of financial database integration and analysis solutions. QAI's software solutions are currently used by more than 200 global investment firms for securities selection, modeling, back-testing, portfolio construction, and trading strategy development. Financial terms of the transaction were not disclosed. All of QAI's management team and employees will become part of the investment management segment of Thomson Financial.
QAI integrates multiple data sources, including proprietary customer data, to create an integrated database of financial information. It also provides a suite of analytical tools to query or "mine" the database for insights and trading ideas. Upon completion of the acquisition, Thomson Financial will have the ability to deliver integrated, multi-asset class work flow solutions on a global basis.
QAI's products include MarketQA, which integrates a function language with historical and daily updated fundamental and pricing data, and high-frequency data solutions via FasTick and FasTick RT, its high-compression financial data capture, storage, and analysis tools. WebQA, a QAI product that is currently under development, is a Web-based custom report generator that accesses the MarketQA databases.
Source: The Thomson Corp.
Quintura Search 1.0 Now Available
Quintura, Inc. (http://www.quintura.com) announced the final release of Quintura Search 1.0. The free, downloadable software provides Web search results with a visual map of related tags or a context-based "tag cloud." Quintura Search tags are contextually related to a keyword, helping to specify the context or the meaning of the keyword and thus help users narrow a search. In addition, using Quintura Search, a user can create and share personalized "search scopes" using tags related to a search query.
Quintura Search 1.0 is a client-side application that utilizes a regular search engine to send and retrieve the results of a query. Quintura Search is free and can be downloaded from http://www.quintura.com/download. The demo of Quintura Search is available at http://www.quintura.com/quinturasearch/demo.
The company said it is planning to launch online services where anyone (Web user, Web-site owner, blog owner, community, or Web-site publisher) can create, personalize, and share his or her own search scopes. Quintura is privately held and backed by its founders and private technology investors. The company has offices in Alexandria, Va., and R&D operations in the Moscow region of Russia.
Source: Quintura, Inc.
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