|Weekly News Digest
August 19, 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 ITI’s Twitter account: @ITINewsBreaks.
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EDGAR Online Announces 2Q Results, Expands International Coverage
EDGAR Online, Inc. (http://www.edgar-online.com), a provider of public company information in SEC filings, reported revenue of $4.1 million for the quarter that ended June 30, 2002—a decrease of 1 percent compared to the same period last year. This slight decline is primarily due to the company's decision to shift its business focus away from less profitable technical consulting services (which decreased 43 percent from last year) to recurring data and subscription sales. The decline in total revenue was offset by strong growth in the company's core subscription business. Seat-based subscription revenue increased 75 percent from last year due to a growth in the number of subscribers to over 25,000 as of June 30, 2002.
EDGAR Online also announced expansion of its global company coverage. Annual and interim reports from over 13,300 companies in 45 countries will now be available on EDGAR Online's products, including its flagship EDGARpro desktop service and its EDGAR Explorer data service. The international content is provided in partnership with Global Reports (http://www.global-reports.com), a company that was founded in 1999 by information industry professionals. Global Reports currently has offices in Kensington, Maryland; San Francisco; and Oakland, California.
"We look forward to offering this international data set to corporate customers," said Susan Strausberg, CEO of EDGAR Online, Inc. "Global Reports has a seasoned team of executives and brings a comprehensive online library of international filings in full color and native PDF format."
Source: EDGAR Online
LexisNexis to Offer LIVEDGAR Access
Global Securities Information, Inc. (GSI; http:// www.gsionline.com) and LexisNexis have announced an alliance whereby LexisNexis will now offer GSI's LIVEDGAR product. Under the terms of the alliance, subscribers to the LexisNexis service will be able to easily access LIVEDGAR from within LexisNexis. Links in the LexisNexis and GSI services will allow securities researchers to move between the two to take full advantage of the specialized benefits that each offers legal professionals.
"With the addition of LIVEDGAR's real-time securities filings to our arsenal of securities resources, legal professionals now have a one-stop shop for complete securities research," said Leigh Sempeles, vice president of LexisNexis' Large Law Firm Markets.
LIVEDGAR provides online access to SEC information and filings made electronically or on paper. Its content goes beyond EDGAR-only filings. It includes historical filings, international and 144A filings, and no-action letters, as well as SEC news, rulings, and regulations. In addition, GSI has built specialized research databases such as No-Action Letters, ‘33 Act D.E.A.L.S., Mergers and Acquisitions, International Prospectuses/144A, Research Library, and SEC Library. With these databases, LIVEDGAR provides access to SEC information that can't be accessed from other providers. In addition to being available through LexisNexis, GSI's content will continue to be available electronically through LIVEDGAR.
Source: Global Securities Information, Inc. and LexisNexis
Thomson Acquires Lawtel
Thomson Corp.'s legal and regulatory market group announced it has strengthened its presence in Europe with the acquisition of Lawtel (http://www.lawtel.com), a U.K.-based legal online information service. Lawtel will be managed by Sweet & Maxwell (http://www.sweetandmaxwell.co.uk), a Thomson legal publisher. Terms of the agreement were not disclosed.
Lawtel offers current awareness and other legal services designed to allow lawyers to keep in touch with the latest legal developments. The service complements Sweet & Maxwell's existing family of online products, particularly Westlaw UK. Lawtel's penetration in key market segments, including small law firms, the bar, and in-house counsel, strengthens Sweet & Maxwell's ability to reach a broader range of legal customers. According to the announcement, the acquisition of Lawtel further reinforces the Thomson strategy of investing in integrated information solutions that help business and professional customers around the world work more productively, and is a signal of the commitment Thomson has to serving online customers in Europe.
Lawtel was launched in 1980. It was formerly owned by The Lawyer Group, a division of Centaur Communications.
Source: Thomson Corp.
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