|Weekly News Digest
August 22, 2005 — 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痴 Twitter account: @ITINewsBreaks.
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TechBooks Announces $45 Million Investment by American Capital
TechBooks (http://www.techbooks.com), a provider of electronic content outsourcing services, announced that American Capital Strategies, Ltd. (Nasdaq: ACAS) has invested $45 million in the company. TechBooks management is maintaining a controlling equity interest, with American Capital investing in both equity and subordinated debt of TechBooks. Bank of America is providing a revolving credit facility. American Capital Strategies is a publicly traded buyout and mezzanine fund with capital resources of approximately $5.4 billion.
Founded in 1988, TechBooks is headquartered in Fairfax, Va., and employs more than 3,000 people. The company maintains offices in Los Angeles; Boston; York, Pa.; the United Kingdom; Delhi, India; and Pune, India. TechBooks specializes in composition, data conversion, and e-learning services across five main market verticals:
- Educational Publishing用rovides services to publishers of elementary, high school, and college textbooks as well as digital content services for Web, wireless, and e-book versions of the textbooks
- Professional Publishing用rovides composition and data conversion services to publishers of scientific, technical, and medical books and journals
- Information Publishing用rovides data conversion services to libraries, universities, and information aggregators
- Financial Publishing用rovides data conversion and composition services to financial printers
- Enterprises用rovides e-learning services, composition, and data conversion services to major corporations in financial services, pharmaceuticals, consulting, and computer industries
Talis Gateway Automates Library Transactions
Talis (http://www.talis.com) has launched an update to its Talis Gateway service to support the processing of invoice transactions, which completes the service's automation of the procurement life cycle. The new service complements the existing set of messages, which includes Quotes, Orders, Acknowledgements, Fulfilment, and Cataloguing. Libraries can now automate every step of the procurement process through the Talis Gateway.
Talis removes the need for libraries to set up EDI (electronic data interchange) messages with individual suppliers. Instead, libraries send and receive all information via the Talis Gateway, which manages the integration with Talis accredited suppliers (two of which are Askews Library Services and Dawson Books).
Talis is a provider of library management solutions for the U.K. and Ireland. Designed for the academic and public sectors, Talis' suite of products helps public authorities, universities, and colleges to manage their resources and provide users with easy access to that information. Talis said that Talis Gateway provides high levels of security and data integrity and that it is currently used by 90 libraries trading with approximately 70 suppliers.
Source: Talis Information, Ltd.
KnowledgeStorm Launches Vertical Search Engine
KnowledgeStorm (http://www.knowledgestorm.com) announced the launch of KnowIT (http://www.knowit.com), its specialized vertical search engine for technology. KnowIT provides business and technology professionals with a set of destinations and information on the Web, promising to deliver the most relevant set of technology-related search results. KnowIT is one of the key sites in the KnowledgeStorm Network, which includes more than 150 sites that distribute content on technology solutions. KnowledgeStorm said that the initial launch of KnowIT will be the first step of many that it is making to simplify and improve access to technology information on the Internet.
KnowIT conducts a focused crawl of technology-related Web sites. Its proprietary algorithm evaluates each site included in the index to determine its relevancy, focusing solely on presenting users with pertinent, technology-related content that is expertly classified and indexed in one place. The KnowIT index consists of commercial, educational, news, analyst/research, blog, forum, industry association, government, and review/opinion sites.
Source: KnowledgeStorm, Inc.
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