|Weekly News Digest
December 9, 2002 — 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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D&B Announces Agreement to Acquire Hooverís
D&B has announced a definitive agreement to acquire Hoover's, the Austin, Texas-based provider of business information. Reasons for the D&B purchase include Hoover's strong subscription business, complementary products, and strength in the small-business market. The acquisition is expected to close in the first quarter of 2003, subject to the usual approvals
According to the announcement, the transaction is valued at $7 per share in cash, for a total of approximately $117 million. Hoover's recently reported annual revenue of $32 million and its first full year of profitability, with net income of $1 million. Hoover's subscription revenues represented 81 percent of its total revenues in the quarter ended Sept. 30, 2002, and grew 22 percent over the comparable prior-year period.
BIOSIS Enhances Databases, Introduces New Portal
BIOSIS announced the company's largest-ever enhancement of the content of BIOSIS Previews, Biological Abstracts, and Biological Abstracts/RRM (Reports, Reviews, Meetings), which will add both more information and greater consistency throughout each of the database files. The enhancements address the need to satisfy different sectors of the marketplace, as BIOSIS expands its customer base into business and private arenas in addition to its traditional strength in academia. The impetus for the data enhancement is BIOSIS' conversion to XML for its file format.
The primary enhancements are the addition of more than 9 million CAS Registry Numbers to the1969 - 1992 segment, the addition of more than 6,300 sequence data accession numbers, and the addition of BIOSIS Major Concepts over the entire range of the database, which had previously been available only in the more recent portion of the file. BIOSIS has also added more complete taxonomic data over this range, and remapped MeSH disease terms and Biosystematic Codes throughout the database to improve search retrieval. Patent indexing information has been streamlined over the entire file as well.
BIOSIS also announced the launch of BiologyBrowser (http://www.biologybrowser.org), an interactive portal designed for the life sciences community. BiologyBrowser connects users with valuable information through interactive discussion forums, more than 12,000 quality-controlled Web links, science news, and other free resources.
New Business Information Portal Launches
SchlumbergerSema, a business segment of Schlumberger Ltd., has been chosen by European Business Register (EBR) to be the distributor of official company information on the U.K. market. The official company information provided by the national members of EBR, such as Companies House of UK, ORT of France, and Infocamere of Italy, will be distributed through the new business information portal at http://www.euroinfopool.com.
The EuroInfoPool portal, which launched at the Online Information exhibition in London, is a gateway to official registered data from more than 18 million European companies covering all major European countries. EuroInfoPool will also provide access to credit rating reports covering more than 22 million European companies. The credit reports will be compiled by Graydon UK, which is owned by Gerling NCM, Hermes, and Coface, the three biggest credit insurers in Europe.
News Announced at Online Information 2002
Other announcements made last week in London at Online Information 2002 include the following:
Watch for additional details in Information Today.
- Factiva announced enhancements to its Factiva.com service.
- Dialog's NewsRoom service is now available through Dialog NewsEdge.
- MedPilot, a joint project of ZBMed and DIMDI, is a new search portal that enables simultaneous searching in various medical databases with only one search request.
- Elsevier Science announced its "Library Connect" program to keep librarians informed.
- Thomson Derwent announced the release of Derwent Analytics, a new data mining and visualization software product for the desktop for patent information.
- STN Easy for intranets has been enhanced.
- xrefer announced that it will release in early 2003 a new content selection system for its digital reference library, xreferplus.
- ISI announced that it will add personalization and alerting to the ISI Web of Knowledge in 2003.
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